News

Proactive Investors reports that confectioner Candy Club has received a $1 million credit facility from CircleUp Credit Advisors to support its U.S. expansion.

Prysmian Group, a provider of energy and telecom cable systems, has refinanced its €1 billion ($1.13 billion) long-term revolving credit facility with a pool of leading Italian and international banks.

Reuters reported the restructuring team winding up the Sears bankruptcy estate filed suit against former chair Eddie Lampbert, claiming his hedge fund illegally drew billions of dollars from the company before it entered Chapter 11.

The U.S. Bankruptcy Court for the District of Delaware has confirmed CTI Foods’ plan of reorganization. Barclays Bank and Wells Fargo are providing an $80 million ABL revolver and a $75 million term loan to support the restructuring.

Cerberus Capital Management has closed approximately $5.1 billion of commitments for its global non-performing loan (NPL) strategy.

Restructuring expert David Hillman will be joining Proskauer’s Business Solutions, Governance, Restructuring & Bankruptcy Group._x000D_ _x000D_ _x000D_

Buran Venture Capital has rebranded as Flashpoint and launched a new €50 million ($56 million) venture debt fund. Michal Jozwiak will be the managing partner of Flashpoint Venture Debt.

First Equity Strategy, a subsidiary of Mobi724, has concluded a $221,600 loan with Investissement Québec collaterized against FES’s development of e-business tax credits for 2018.

Encina Business Credit provided a $57.5 million senior secured revolving credit facility to a manufacturer and supplier of concrete construction products.

Jeff Tanenbaum rejoined asset disposition solutions provider GA Global Partners as president. He will be based in the firm's headquarters in Calabasas, CA.