News

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.

Azure Midstream Energy closed on a first lien senior secured credit facility led by ABN AMRO and a second lien secured term loan facility led by Madava Financial. _x000D_ _x000D_

Huntington Business Credit closed a new $30 million revolver with Zihuatanejo. The proceeds were used to support the acquisition of 10 skilled nursing facilities by GMF Capital.

TCF Capital Funding provided secured financing to support Cathay Capital Private Equity, along with its portfolio company Innovative Office Products, in its acquisition of HAT Contract.

Middle Eastern telecom provider Zain Group closed a $700 million, five-year revolving credit facility with a syndicate of regional and international banks.

Santander Bank confirmed that the Office of the Comptroller of the Currency (OCC) has terminated a consent order dating back to 2015 related to SBNA's billing practices with regard to a legacy identity theft protection product known as "Sovereign Identity...

DataBank completed an additional $25 million upsize to its existing senior secured first-lien term loan B.

Nokia completed a €500 million ($543 million) loan with the European Investment Bank, supported by the European Fund for Strategic Investments. Nokia will use the loan to further accelerate its research and development of 5G technology.