News

Equify Financial and Wilks Brothers will provide $15 million debtor-in-possession financing to CARBO Ceramics as part of a debt-for-equity exchange pursuant to a plan of reorganization in a Chapter 11 bankruptcy case.

The federal bank regulatory agencies announced optional extension of the regulatory capital transition for the new credit loss accounting standard.

Crestmark partnered with Comdata in launching Comdata QuickPay, which is a new financing solution that gives fleet owners access to same-day payments on the loads they deliver.

Mitsubishi UFJ Financial Group will provide $3 million in support to small businesses and communities in response to the COVID-19 pandemic.

ABN AMRO will extend its previously announced credit facility payment deferral program to commercial banking clients with a credit facility with a principal and/or a limit of up to €50 million ($55.05 million).

Jobless claims reached a new record in the week ending March 21, as 3.283 million applicants filed for unemployment benefits, an increase of 91.4% from the previous week, according to data from the U.S. Department of Labor.

Only 29% of companies can continue to be fully operational with employee work restrictions in place and 57% expect to be partially operational, according to a recent survey.

Capital Southwest, a provider of financing to support the acquisition and growth of middle market businesses, will withdraw its voluntary redemption of $35 million in principal of the $77,136,175 in aggregate principal amount of issued and outstanding 5.95% notes due...

The stimulus package recently passed in the U.S. Senate features several bankruptcy provisions, including an increase in the eligibility threshold to file under subchapter V of chapter 11, according to a press release from the American Bankruptcy Institute.

Greenberg Traurig will rejoin forces with Bruce Zirinsky, its former co-chair of the restructuring and bankruptcy practice, and subsequently founder of Zirinsky Law Partners, a boutique law and advisory firm.