News

SSG Capital Advisors acted as investment banker to Philadelphia Academic Health System (PAHS) and its operating subsidiaries St. Christopher's Healthcare in the sale of substantially all their assets to an affiliate of Tower Health and Drexel University.

Citizens Commercial Banking led a new credit facility for Liberty Hall Capital Partners portfolio company Bromford Industries.

CBAM Partners closed of a new $60 million credit facility led by RBC Capital Markets as lead arranger and sole bookrunner with lenders Royal Bank of Canada as administrative agent and Barclays Bank as syndication agent.

Xerox Holdings sent a letter to the board of directors of HP confirming that it has obtained $24 billion in binding financing commitments from Citi, Mizuho and Bank of America to complete its value-creating combination with HP.

Siena Lending Group completed a $3 million asset-based revolving credit facility for Datamation Systems.

After declining for eight consecutive years, total bankruptcy filings during calendar year 2019 increased 0.28% from 2018, reported ABI, according to data provided by Epiq Systems.

James Schell has joined Mayer Brown as a partner in its Corporate & Securities practice in New York.

Lance J. Phillips has joined Eversheds Sutherland’s M&A and Private Capital teams in its Chicago office.

First Business Capital closed a $4,1 million credit facility for an Oregon-based door manufacturer.

The Wall Street Journal reported that the grounding of Boeing’s 737 MAX has strained the company’s finances, prompting it to consider raising its debt.