News

Aeromexico obtained, subject to court approval, commitments for a $1 billion senior secured superpriority multi-tranche debtor-in-possession term loan facility from funds managed by affiliates of Apollo Global Management.

Roadrunner Transportation Systems completed its divestiture of all truckload segment businesses. Additionally, the company ended its existing senior secured credit facility and entered a new $45 million senior secured asset-based credit facility with Crystal Financial.

Capital Southwest supported Align Capital Partners’ recent acquisition of Electronic Transaction Consultants from Italian parent company Atlantia SpA with a revolver, first lien term loan and equity co-investment.

Lilis Energy will sell substantially all of its assets through the Chapter 11 process after Värde Partners declined to pursue a new money investment in the exploration and production company to sponsor a plan of reorganization.

Chaparral Energy entered into a restructuring support agreement with certain of its funded debtholders, which includes a $300 million exit revolving credit facility. The company commenced soliciting votes to approve the prepackaged plan.

Libbey received a term sheet from seven of its lenders to provide $150 million in exit financing. Libbey also expects to replace its $100 million DIP revolving credit facility with a new exit facility with approximately $20 million initially drawn.

Archytas Ventures voluntarily agreed to reduce the effective interest rate on its $600,000 term loan to XS Financial from 18% to 12%, effective May 2020 until maturity. XS Financial anticipates savings to be realized in 2020 with annualized savings of...

Wells Fargo appointed six new corporate risk leaders as part of its enhanced risk model. In addition, Mike Roemer, the current chief compliance officer of Wells Fargo, decided to leave the company. Paula Dominick will join Wells Fargo as chief...

Certain funds managed by affiliates of Apollo Global Management committed to invest through convertible debt and equity up to $265 million to acquire an equity stake in US Wind and fund costs associated with an offshore wind energy project off...

Gordon Brothers released an article that discusses the outcome of the Paycheck Protection Program (PPP), including its impact on individuals, firms and lenders, as well as its aid for sectors most challenged by the COVID-19 pandemic.