News

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.

Capital Now provided a $100,000 credit facility to a long-term care facility for adults located in Ontario, Canada.

Real estate services firm JLL and restructuring advisors Gordon Brothers formed a strategic alliance to elevate both firm’s services for retailers and their investors.

Global Finance named BBVA Compass the Top Treasury and Cash Management Provider in the Southwest for 2019 and the Best US Regional Middle Market Provider in the Southwest.

Credit rating agency KBRA released a project finance report exploring how the bankruptcy of Pacific Gas & Electric will affect project financings and power purchase agreements.

Women’s fashion brand Charlotte Russe voluntarily filed for relief under Chapter 11 of the Bankruptcy Code. Bank of America will serve as agent on $50 million in DIP financing for the company.