News

Gordon Brothers, Hilco Merchant Resources, Great American Group and Tiger Group commenced store closing sales at 137 J. C. Penney stores across the United States.

GA Global Partners, a B. Riley Financial company, will conduct an online public auction of the assets of Second Sight Medical Products on June 25. GA Global is conducting the auction of Second Sight’s assets in connection with the orderly...

InterNex Capital and Utech Global have formed a digital partnership to provide a solution for Utech’s clients to manage their transportation business while optimizing their working capital.

Xalles Capital, a wholly-owned subsidiary of Xalles Holdings, is creating a virtual growth center for fintech firms. Xalles Capital expects between 10 to 20 companies to be admitted to the program during its first year.

Extraction Oil & Gas voluntarily filed for petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. In connection with the filing, Wells Fargo Bank underwrote a $125 million...

FTI Consulting is acting as restructuring advisor for 24 Hour Fitness, which filed for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. 24 Hour Fitness expects to secure $250...

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...