News

Field exam and portfolio services firm Breslin, Young & Slaughter promoted Evan Schaller to partner and shareholder of the firm.

Plus-size beauty brand FULLBEAUTY Brands successfully emerged from its Chapter 11 restructuring with approximately $35 million in new financing after eliminating approximately $900 million of debt. The ABL loan was provided by Citizens Bank.

Howard Goldwasser and Skanthan Vivekananda, leading authorities on collateralized loan obligations and other structured products, joined law firm Orrick as partners in the Structured Finance Group.

Banco Latinoamericano de Comercio Exterior (Bladex) acted as joint lead arranger and administrative agent on a $131.5 million senior acquisition finance bridge facility for Corporación Favorita.

Essex Capital recently acted as an exclusive advisor and arranged a $6.147 million recapitalization for North Florida Shipyards.

Byline Bank’s Sponsor Finance Group provided revolver and term credit facilities to finance investment firm Kian Capital’s recapitalization of Charles Products.

According to the Associated Press, U.S. Bankruptcy Judge Robert Drain approved the $5.2 billion plan proposed by Sears chairman Eddie Lampert to save 425 stores and 45,000 jobs under the iconic brand.

According to the American Bankruptcy Institute from data provided by Epiq Systems, commercial Chapter 11 filings declined slightly in January, with 365 total commercial Chapter 11 filings down from January 2018’s total of 366.

Société Générale acted as lead mandated lead arranger on a €2.524 billion ($2.862 billion) financing package for MSC Cruises. The funds will be used to finance construction of three new vessels.

Wells Fargo Securities served as financial advisor to Sempra Energy on the sale of its non-utility U.S. natural gas storage facilities to an affiliate of ArcLight Capital Partners for $328 million in cash.