News

SCM Topco, parent of Salt Creek Midstream, closed on a recapitalization with additional investments from both its existing lender groups and funds managed by Ares Management.

Hudson Resources entered into amendment agreements with Cordiant Capital and Apex Asset Management to extend the maturity date of its $10 million six month bridge loan facility and the interest payments on its senior loan and subordinated loan to July...

California Resources Corporation (CRC) entered into a restructuring support agreement with Ares Management along with holders of approximately 84% of CRC’s 2017 term loans and 51% of CRC’s 2016 term loans.

Joint venture partners Gordon Brothers and Hilco Merchant Resources commenced going-out-of-business sales at 720 Stage Stores locations, including Gordmans and all associated brand stores across the United States.

Guardian Capital Partners completed the final close of Guardian Capital Partners Fund III, with $282 million in capital commitments.

Travelers Financial Group launched Travelers Restructuring Capital, a transitional capital initiative designed to support small and mid-market businesses that operate in asset-intensive industries.

Keystone Insurers Group and Bain Capital Credit launched Keystone Agency Investors, a platform to acquire and invest in U.S. retail insurance agencies. The platform launches with the objective of deploying at least $500 million of capital over the next several...

During the Q2/20, Capitala Finance received more than $51.1 million in repayments from its portfolio companies, including $17.8 million in full repayment of its debt investments in Flavors Holdings.

The approval percentage for small business loan applications at banks with more than $10 billion in assets rebounded from 11.5% in May to 13.5% in June, according to Biz2Credit Small Business Lending Index.

Wunder Capital partnered with funds managed by Ares Management’s infrastructure and power strategy (AIP), Cyrus Capital Partners and Keyframe Capital to provide financing for more than $100 million in commercial solar loans.