News

Blackstone Life Sciences and GSO Capital Partners led a $2 billion financial collaboration in support of Alnylam Pharmaceuticals. The deal includes an up to $750 million first lien senior secured term loan led by GSO.

According to an 8K filed with the SEC, PNC Bank served as administrative agent and PNC Capital Markets served as structuring agent on a new three-year $75 million accounts receivable facility for Covia.

Gordon Brothers launched its Industry Brief, which gives an up-to-the-minute assessment of what the firm’s inventory, machinery and equipment, and intangibles experts see happening in multiple markets.

OnDeck is partnering with Celtic Bank to serve small business owners seeking funding under the Small Business Administration's Paycheck Protection Program.

CapitalPlus Construction Services recently provided $3.3 million in factoring facilities, including a $2 million construction factoring facility to an HVAC contractor in California.

Allied Affiliated Funding closed $600,000 in receivables financing to a company specializing in the recycle, repair and resale of used electronics and $1.5 million in receivables financing to a company providing inspection services for pipeline/rigs.

According to an 8K filed with the SEC, GLAS USA served as administrative agent and collateral agent for a $100 million debtor-in-possession facility as part of Quorum Health’s restructuring support agreement with its term loan lenders and noteholders.

Crestmark secured a total of $13.9 million in asset-based loans for eight new clients in the second half of March, including an $8 million asset-based line of credit facility to a steel products provider in Indiana.

Chris Carmosino, president of valuations at Gordon Brothers, outlines how to tackle the valuation process from home and spoke about the pandemic’s potential long-term effects on performing valuations, consumer behaviors and M&A activity.

AlixPartners will serve as restructuring advisor to LSC Communications, which voluntarily filed for business reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.