News

Alvarez & Marsal is serving as restructuring advisor to Libbey, which filed voluntary petitions under Chapter 11 of the Bankruptcy Code. In addition Libbey's existing lenders agreed to provide up to $160 million in DIP financing.

Bain Capital Specialty Finance priced an offering of $115 million aggregate principal amount of 8.5% senior unsecured notes due 2023. The company intends to use the net proceeds of this offering to repay debt under its secured credit facilities.

Coty signed a definitive agreement with KKR as part of a transformation that will deleverage Coty’s balance sheet, streamline its operations and strengthen its leadership team. KKR is investing $1 billion directly into Coty through the issuance of convertible preferred...

Energy Capital Partners loaned $35 million under a first-lien secured credit agreement to Summit Midstream Partners LP (SMLP) in connection with SMLP’s acquisition of Summit Midstream Partners LLC.

The shareholders of THL Credit, a direct lender to middle market companies, approved entry into an investment management agreement with First Eagle Alternative Credit, formerly known as THL Credit Advisors.

CIT Group won three Stevie American Business Awards for business excellence. The awards included a gold award for achievement in management – banking and silver awards for fintech solution and corporate social responsibility program of the year.

Tiger Group is liquidating the machinery and equipment surplus from the ongoing operations of a dispenser and manufacturer of cannabidiol products.

GA Global Partners will conduct a live virtual public auction of the assets of Steel Partners on June 4. GA Global Partners is conducting the auction by order of the U.S. Bankruptcy Court in the District of Nevada.

AlixPartners is serving as restructuring advisor and Miller Buckfire is serving as financial advisor to Tuesday Morning, which filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code.

Rosenthal & Rosenthal completed a $750,000 purchase order finance facility for an automotive client and a $10 million collection factoring agreement for a mattress company. Both clients will be serviced by Rosenthal’s southeast office in Atlanta.