News

Bristow Group has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. Its lenders provided a commitment for $75 million in debtor-in-possession financing that would be available upon Court approval.

Jason Floyd and Michael Monk of Amerisource Business Capital have been designated finalists for EY’s Entrepreneur of the Year 2019 Award in the Gulf Coast Area.

Marquette Business Credit recently funded three new facilities with new commitments totaling more than $21 million. The borrowers included The Hibbert Company, Stalcop, and Prestige Farms.

Coal company Cloud Peak Energy filed voluntary petitions under Chapter 11. Ankura Trust will serve as both administrative and collateral agent on DIP facilities to support the company through the bankruptcy process.

Optimism among small business owners is strong, according to the latest quarterly Wells Fargo/Gallup Small Business Index. The survey also revealed that over half of business owners reported little impact to their tax situation along with a rising interest in credit.

The Founders Bank project appointed senior Deutsche Bank executive Kenan Altunis to the role of CEO. Altunis will lead a team comprised of senior executives with decades of global financial services experience across banking, asset management and corporate finance.

Weatherford International has executed a restructuring support agreement with a group of its senior noteholders. The agreement anticipates $1.75 billion in DIP financing, which would include a revolver led by Citigroup.

CIT Group’s Healthcare Finance business served as sole lead arranger for a $64 million loan to refinance assisted living facilities in Florida.

According to a recent AlixPartners survey, the chain-restaurant industry in the year ahead faces a consumer base that is starting to show signs of possible fatigue, plus multidimensional labor issues made even more complex by the strong economy of recent...

According to Reuters, the leveraged loan market has only grown more aggressive in the last six months, with almost 75% of broadly syndicated loans arranged in Q1/2019 covenant-lite compared to 58.9% of such loans arranged in the same period in...