News

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the majority recapitalization of SMP Pharmacy Solutions by private equity sponsor Galen Partners.

Reuters reported that U.S. investors are moving into the second lien loan market, which offers higher yields but greater risk.

Chico’s completed a $200 million asset-based lending facility led by Wells Fargo Capital Finance’s Retail Finance unit.

Real Mex, the operator of Chevys Fresh Mex, El Torito and other full-service Mexican restaurant brands, executed an asset purchase agreement with an affiliate of Z Capital Group as part of a voluntary Chapter 11 filing.

Charlesbank Capital Partners acquired the assets of The Rockport Group in a 363 asset sale. The Newtown, MA-based shoemaker filed Chapter 11 in July with $60 million DIP financing agented by Citizens Bank.

Golub Capital sold a passive, non-voting minority stake in its management companies to Dyal Capital Partners, a division of Neuberger Berman._x000D_ _x000D_

The Federal Open Market Committee has decided to maintain current interest rates because key indicators of longer-term inflation are little changed since its June meeting. _x000D_ _x000D_

Scorpio Bulkers received a commitment from Nordea, New York branch, and Skandinaviska Enskilda Banken for a loan facility of up to $184 million.

Specialty retailer Brookstone filed Chapter 11 and will be closing 101 mall stories. Wells Fargo has agreed to provide $30 million in post-petition financing to support the company during the sale.

Private equity investment firm Brentwood Associates acquired MD Now Holdings from Brockway Moran & Partners. Golub Capital provided debt financing to support the acquisition._x000D_ _x000D_ _x000D_