News

Utica Leasco provided $500,000 in funding to a current customer that needed to purchase new equipment.

Monroe Capital increased its credit facility to TPC Training to support the acquisitions of National Environmental Trainers and Intelivert.

Paul H. Shur, Esq. has joined the law firm Becker & Poliakoff. He was previously a shareholder at Wilentz, Goldman & Spitzer._x000D_ _x000D_

Proactive Investors reports that confectioner Candy Club has received a $1 million credit facility from CircleUp Credit Advisors to support its U.S. expansion.

Prysmian Group, a provider of energy and telecom cable systems, has refinanced its €1 billion ($1.13 billion) long-term revolving credit facility with a pool of leading Italian and international banks.

Reuters reported the restructuring team winding up the Sears bankruptcy estate filed suit against former chair Eddie Lampbert, claiming his hedge fund illegally drew billions of dollars from the company before it entered Chapter 11.

The U.S. Bankruptcy Court for the District of Delaware has confirmed CTI Foods’ plan of reorganization. Barclays Bank and Wells Fargo are providing an $80 million ABL revolver and a $75 million term loan to support the restructuring.

Cerberus Capital Management has closed approximately $5.1 billion of commitments for its global non-performing loan (NPL) strategy.

Restructuring expert David Hillman will be joining Proskauer’s Business Solutions, Governance, Restructuring & Bankruptcy Group._x000D_ _x000D_ _x000D_

Buran Venture Capital has rebranded as Flashpoint and launched a new €50 million ($56 million) venture debt fund. Michal Jozwiak will be the managing partner of Flashpoint Venture Debt.