News

Concord Financial Advisors came on board to support Sivyer Steel in its bankruptcy 363 sale to a new owner after the company defaulted on its bank loan.

MidCap Financial provided acquisition financing to AVAD, a value-added distributor of A/V, residential security and home automation products.

Robert J. Keach, co-chair of ABI's Commission to Study the Reform of Chapter 11, praised the introduction of bipartisan legislation to provide a viable option for small businesses looking to reorganize under the Bankruptcy Code.

FTI Consulting amended and restated its $550 million revolver. Bank of America Merrill Lynch, JPMorgan Chase Bank and HSBC Securities acted as joint lead arrangers on the transaction.

Duane Morris named partners James J. Holman and Meagen E. Leary as co-chairs of the Business Reorganization and Financial Restructuring Practice Group.

Abacus Finance served as administrative agent and sole lender on $17 million in debt financing to support of Altus Capital Partners’ leveraged buyout of ChoiceSpine.

Fifth Third Bank acted as administrative agent, lender and L/C issuer on an amendment to Limbach Holdings’ revolving credit facility, reducing the lenders’ commitments from $25 million to $22.5 million.

Hayfin Capital Management provided debt financing to support Crown Laboratories and Hildred Capital Partners’ acquisition of North American distribution rights of five OTC consumer brands from GlaxoSmithKline.

Varagon Capital Partners served as administrative agent, lead arranger and bookrunner on a senior secured credit facility to support TPG Growth’s acquisition of Q-Centrix.

Utica Leaseco completed two transactions totaling $3 million during the last week of November 2018.