News

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.

According to a survey from Umpqua Bank that gauged the impact of the COVID-19 pandemic on small and mid-size businesses, nearly five in 10 mid-size businesses have increased spending on technology, digital transformation or automation.

Biz2Credit is among the firms on Inc. magazine’s annual Inc. 5000, a ranking of the nation’s fastest-growing private companies. Biz2Credit is No. 3,400 on the 2020 list.

Breakout Capital has continued to expand its FactorAdvantage program in 2020, completing multiple transactions, including funding transactions for a metal fabricator, a high-tech medical device company, a pet food importer and a munitions manufacturing startup.

Monroe Capital won the 2020 Best U.S. Direct Lending Fund by Creditflux, a London-based global publication and information source for the rapidly evolving market for credit funds and CLOs.