News

Shoe retailer Payless voluntarily filed for relief under Chapter 11 of the Bankruptcy Code for the second time in 18 months. Ankura Consulting Group will serve as the company’s restructuring advisor through this additional bankruptcy process.

Encina Business Credit provided a $35 million senior secured credit facility to an information technology services company.

CIT Group’s Healthcare Finance unit served as joint lead arranger and administrative agent on a first-lien credit facility to support for Pritzker Private Capital’s acquisition of KabaFusion, a provider of acute and specialty home infusion services.

Monroe Capital acted as co-lead arranger on the funding of a senior credit facility to support the growth of MINDBODY by private equity sponsor Vista Equity Partners.

Abacus Finance Group served as administrative agent and sole lender on senior secured credit facilities to support LongueVue Capital’s growth capital investment in Select Express & Logistics.

Lighthouse Financial completed a $2.5 million revolving line of credit for a distributor of retail display fixtures.

CIT Bank arranged and provided debt financing to support Stellex Capital Management’s investment in Cisco Equipment. The investment was made in partnership with the company’s CEO Christopher J. “C.J.” Sibert and management.

Lance Bell joined BRG Capital Advisors as a managing director and will lead the company’s efforts in healthcare services.

Ag Resource Management, an asset-based lender that provides operating capital specifically for the purpose of growing crops, will open a new office in Asheville, OH._x000D_

The Toro Company agreed to acquire The Charles Machine Works, the parent company of Ditch Witch. Bank of America Merrill Lynch and J.P. Morgan Chase Bank provided committed debt financing to Toro for the transaction.