News

Gulfport Energy entered into a restructuring support agreement with more than 95% of its revolving credit facility lenders and certain noteholders. Alvarez & Marsal is serving as restructuring advisor to the company.

TD Bank ranked No. 1 in total number of approved U.S. Small Business Administration loan units in its Maine-to-Florida footprint for the SBA’s 2020 fiscal year, supporting more than 1,500 businesses through two SBA lending products: 7(a) and 504 loans.

Align Business Finance recently completed $34.3 million in transactions, including a $7.3 million senior secured facility for a Southwest trucking company.

ABFJ Journal has undergone quite a bit of change in 2020, including launching new products like podcasts and livestreams and expanding its reader base and breadth of coverage to include alternative lenders, junior lenders, leveraged finance professionals and more.

Guitar Center, a global musical instrument retailer, entered into a restructuring support agreement with its equity sponsor, funds managed by the private equity group of Ares Management, Brigade Capital Management and The Carlyle Group.

Gordon Brothers added six industry veterans from lending institutions across the globe to expand its special situations lending and investment platform.

AlixPartners is serving as restructuring advisor to menswear retailer Tailored Brands in the company’s plan of reorganization under its Chapter 11 filing. Tailored Brands expects to emerge from Chapter 11 protection by the end of November.

eCapital provided a $5 million factoring facility to an importer and distributor of wine and spirits. The beverage company will use the factoring facility to support its new imported product available for purchase from retailers such as Costco.

SB360 Capital Partners, an asset disposition specialist, is serving as the exclusive consultant to assist girls clothing and accessory retailer Justice in inventory sales of 85 stores as well as the e-commerce site at shopjustice.com.

The amount of Chapter 11 bankruptcy filings in the third quarter, which are tracked in the newest Polsinelli-TrBK Distress Indices Report, hit the highest level since 2010. This trend is expected to continue in 2021.