News

European credit investment firm AlbaCore Capital Group closed its second fund, AlbaCore Partners II ICAV, which has €1.5 billion ($1.63 billion) in total AUM.

Syros Pharmaceuticals closed a $60 million senior secured loan facility with Oxford Finance, a specialty finance firm providing senior debt to life sciences and healthcare service companies.

The ABF Journal and abfjournal.com office will be closed on Monday, February 20 in observance of Presidents’ Day.

McClatchy has begun a voluntary restructuring under Chapter 11 of the U.S. Bankruptcy Code following the solicitation of a plan of reorganization among its key stakeholders.

The Wall Street Journal reported that U.K. regulators are investigating the professional relationship between Barclay’s Chief Executive Jes Staley and Jeffrey Epstein, the disgraced financier who died in jail last year.

Fox Factory Holding has signed a definitive agreement to acquire 100% of the issued and outstanding capital stock of SCA Performance Holdings, from Southern Rocky Holdings a portfolio company of Kinderhook Industries.

Ares Management has appointed Kipp deVeer to its board of directors, effective immediately. Concurrently, John Kissick, now a retired co-founder of Ares, is stepping down from the board.

Business Capital structured and delivered approximately $6 million in senior secured loans for NOVA IVF, a clinic providing in vitro fertilization (IVF) treatments.

On February 1, 2020, Gulf Coast Business Credit, a division of Gulf Coast Bank & Trust, celebrated its 20th anniversary an accounts receivable and asset-based lender.

WeWork closed a new $1.75 billion senior secured letter of credit facility. Goldman Sachs is the administrative agent of the new facility.