News

Amerisource Business Capital completed a $1 million credit facility for a heavy haul transportation company based in Texas.

The Wall Street Journal reported scandal-ridden blood-testing firm Theranos will shut down. The company is working to negotiate a settlement with Fortress Investment Group, its chief creditor._x000D_ _x000D_

Verity Health System of California filled voluntary petitions for protection under Chapter 11. Ally Bank will be providing secured DIP financing of up to $185 million.

Laura S. Pruitt has joined Jones Day’ Financial Institutions Litigation & Regulation Practice as a partner in its Washington Office. _x000D_ _x000D_ _x000D_

Commercial Finance Partners closed five SBA 7a term loans in August for a funding total of $9 million.

TAB Bank provided a $4.75 million asset-based revolving credit facility for a promotional products company located in California.

Pacific Mercantile Bank has provided a $2.5 million revolving line of credit to Karish Industries.

Pacific Drilling has made progress in connection with its Chapter 11 proceedings, including receiving a commitment from Credit Suisse Securities to support a $1.5 billion recapitalization of the company’s capital structure.

The New York Times reported a resurgence in the retail industry among companies that have learned their lessons from Amazon’s success and are adapting._x000D_ _x000D_

Heritage Home Group closed an agreement for a newly-formed entity of Authentic Brands Group and SB360 Capital Partners to acquire HHG’s Broyhill and Thomasville & Co and to serve as Stalking Horse bidder in the upcoming court-supervised auction.