News

Law firm Winston & Strawn represented Apogem Capital as lead investor in connection with Encore Consumer Capital’s single-asset continuation vehicle for Lion Beverages, a full-service contract manufacturer of specialty beverages. The transaction builds on Apogem’s growing track record of anchoring...

Deerpath Capital Management, a provider of cash-flow-based senior debt financing to sponsor-backed U.S. lower middle market companies, closed Deerpath Fund VII. The fund exceeded its $2 billion equity target and, together with anticipated leverage, is expected to support approximately $3.5...

Akumin entered into an agreement with certain noteholders representing over 95% of outstanding senior secured notes due in 2027 and 2028, and Stonepeak, an alternative investment firm, that will reduce debt, enhance liquidity and extend its debt maturities related to...

Distribution Solutions Group (DSG), a specialty distribution company, amended and expanded its senior secured credit facility through 2030. The new facility includes $700 million of term debt and a revolving credit arrangement of $400 million, a $255 million increase over...

Kern Gillette and Jan Heald Robinson, senior directors of Revitalization partners, have earned the Certified Turnaround Professional (CTP) accreditation from the Turnaround Management Association (TMA). Gillette’s experience includes nearly two decades as an operator in the C-suite. As president, CEO...

National Bank, the holding company for NBH Bank, received regulatory approvals from the Board of Governors of the Federal Reserve System and the Colorado Division of Banking for the previously announced merger of Vista Bancshares, the holding company for Vista...

SouthStar Capital has funded a $500,000 invoice factoring facility for a Virginia-based janitorial and maintenance services company supporting a large commercial contract. The company has been providing services at a temporary casino location and has now been awarded the contract...

Over 90% of BMO employees have personally donated more than $36 million to community organizations across North America through BMO’s annual Employee Giving campaign, surpassing the bank’s $29 million donation goal. This is BMO’s 15th annual campaign in partnership with the United Way. Of...

Deerpath Capital Management, a lower-middle market private credit manager in the U.S., reset Deerpath CLO 2023-2, a $353.55 million collateralized loan obligation (CLO). This marks the first reset of the 2023-2 CLO since it was originally launched in December 2023....

Struggling retailers and their asset-based lenders can use out-of-court workouts to escape today’s escalating Chapter 11 bankruptcy costs, advised a restructuring veteran from A&G Real Estate Partners. Rising Chapter 11 bankruptcy costs have spurred more retailers and other companies to...