News

Chiron Financial served as the exclusive investment banker for one of the largest U.S. cannabis businesses in the placement of a $25 million advancing term loan.

According to Law360.com, Nine West is requesting bankruptcy court approval for an additional $22 million in debtor-in-possession financing as the company’s exit from Chapter 11 will take place at least month later than expected.

Ares Commercial Finance provided a senior secured credit facility to Pegasus Foods. The arrangements consisted of a revolving line of credit and a capital expenditure line of credit.

According to a Deloitte survey of corporate dealmakers and private equity firms, dealmaker optimism is at a three-year high, with most respondents anticipating more and bigger merger and acquisition deals in 2019.

Crossroads Financial provided a $600,000 inventory revolver for the benefit of a wholesale distributing company of flavored bitters.

Continental Business Credit completed a $3 million revolving credit facility for a retailer and wholesaler of brand name women’s wear and accessories.

The Commercial Finance Association’s former executive director, Leonard Machlis, has passed away. He is survived by his wife, Harriet, sons, Steven, Brian and Roger, and his daughters-in-law and grandchildren.

Reuters has reported that ESL Investments, the hedge fund run by Sears’ former CEO Eddie Lampert and the store’s largest creditor, has forwarded a $4.6 billion bid to rescue 500 Sears stores from liquidation.

Venture Global LNG entered into a $220 million bridge loan facility with Morgan Stanley Senior Funding and associated lenders.

According to the Wall Street Journal, USA Gymnastics has filed for Chapter 11 bankruptcy in the wake of snowballing legal and financial woes.