News

The Turnaround Management Association recognized Alexander J. Boerema, Zachary P Hyman, Bernadette M. Barron and Janine Figueiredo as winners of its individual awards. The awards will be presented at the 2018 TMA Annual in Colorado Springs on September 26–28.

Duncan Ainscough joined the Gordon Brothers team in Europe to head up the Valuation and Industrial Division.

Chemical Bank moived its headquarters to downtown Detroit and plans to construct a new 20-story building in the area.

Chris Blake joined Perella Weinberg as a partner in its Advisory business. He will be based in Chicago and cover industrials with a focus on the automotive sector.

Henry Michaels joined Lazard as a senior advisor in Financial Advisory. He will be based in New York and serve as an advisor to Lazard’s Financial Institutions Group, North America.

NewStar Financial served as lead arranger and administrative agent for senior credit facilities provided to World Insurance, a specialty insurance broker focused on mid-sized businesses and high net worth individuals. _x000D_ _x000D_

The SEC voted to propose rule amendments to simplify and streamline the financial disclosure requirements applicable to registered debt offerings for guarantors and issuers of guaranteed securities. _x000D_ _x000D_ _x000D_ _x000D_

PNC Bank acted as administrative agent, lead arranger and bookrunner on a $575 million credit facility for United Refining.

BlockFi, a cryptoasset to U.S. dollar lender, raised $52.5 million to expand operations. Digital currency and blockchain technology investment firm Galaxy Digital Ventures led the deal.

The NORDAM Group and its domestic subsidiaries filed a voluntary petition for protection under Chapter 11. JPMorgan Chase will provide DIP financing to support the restructuring.