News

Lazard and RPA Advisors are serving as financial advisors to Pyxus International, which filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code and secured commitments for $206.7 million in debtor-in-possession financing.

AlixPartners is serving as financial advisor to Skillsoft, which entered into a restructuring support agreement with a majority of its first and second lien lenders and filed prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of...

According to SFNet, total commitments for bank lenders in Q1/20 rose 7.8% compared with Q1/19 but were relatively flat compared with Q4/19. For non-bank lenders, total commitments rose 15.2% compared with Q1/19 but fell 1.8% compared with Q4/19.

According to a survey from the American Institute of CPAs, 56% of business executives said their companies sought relief funds through the Paycheck Protection Program, a $660 billion initiative under the CARES Act designed to protect small businesses and their...

Liquid Finance completed a transaction for GVM to help the agricultural equipment manufacturer exit Chapter 11 bankruptcy.

According to documents filed with the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division, Ares Capital will serve as administrative agent on a debtor-in-possession credit agreement for Vista Proppants and Logistics.

Goldman Sachs BDC and Goldman Sachs Middle Market Lending amended and restated their agreement and plan of merger, dated Dec. 9, 2019. The consummation of the merger is currently expected to occur in Q4/20.

Kroll Bond Rating Agency assigned a subordinated debt rating of BBB to NBT Bancorp and a subordinated debt rating of BBB+ to the company’s principal subsidiary, NBT Bank.

Reich Bros Structured Finance’s subsidiary, Reich Bros Business Solutions, will operate, effective immediately, under the name Align Business Finance. According to the company, the new name more accurately addresses the company’s customer philosophy.

GSO/Blackstone Debt Funds Management, an affiliate of GSO Capital Partners, announced monthly distributions for three closed-end funds it advises.