News

Joint venture partners Gordon Brothers and Hilco Global have commenced “going-out-of-business” sales at more than 350 Pier 1 stores across the United States.

Crestmark secured $14.34 million in ABL financial solutions for 11 new clients in the second half of May.

Total commercial Chapter 11 filings in May 2020 increased 48% from May 2019, according to data provided by Epiq Systems. However, total bankruptcy filings in May 2020 were down 42% from total filings in May 2019.

Vervent entered a partnership with Finitive to further promote collaboration and inclusion within the fintech industry.

Prestige Capital Finance closed $1.25 million in combined factoring arrangements for Nouri Life, a probiotics company; KiiTO, a plant-based nutrition company; and Cure Hydration, a sports hydration company.

Capital Southwest supported Osceola Capital’s recapitalization of Central Medical Group with a senior secured first lien term loan, revolver and capex line, as well as a minority equity investment.

Orion Energy Partners, GCM Grosvenor and Voya Investment Management closed a $365 million strategic capital partnership with Bakersfield Renewable Fuels, a Global Clean Energy Holdings subsidiary. As part of the partnership, GCM Grosvenor will provide $85 million in debt financing...

APC Automotive Technologies filed voluntary petitions for reorganization pursuant to Chapter 11 of the United States Bankruptcy Code. The company also negotiated agreements with certain of its existing term loan lenders for $50 million in debtor-in-possession financing.

Libbey received court approval of the first day motions of its voluntary Chapter 11 petitions, including approval of an initial $30 million of proposed DIP financing for which Cortland Capital Market Services is serving as administrative agent and collateral agent,...

A white paper created as part of the biopharma partnership between Tiger Group and Liquidity Services explained how investors and lenders can bolster the position of biopharmaceutical firms by leveraging asset valuation and disposition.