News

The American Bankruptcy Institute reported total commercial Chapter 11 filings increased 22% from 1,280 in Q1/17 to 1,562 during the first three months of 2018.

Ares Capital amended its senior secured credit facility, extending the expiration period of the $1.6 billion revolver to March 30, 2022 and increasing the total size of facility by $25 million to $2.1 billion.

White Oak Global Advisors will expand its asset-based lending platform to serve clients in the UK and other parts of Europe through the acquisition of LDF Group, a UK-based finance company. _x000D_ _x000D_

Hilco Corporate Finance appointed Mark A. Smith managing director within the firm's Corporate Finance team.

Business Capital structured and secured $10 million of mezzanine financing for the largest independent fabricator and installer of steel bar products and post-tension cables in California and Nevada.

CytoSorbents, a critical care immunotherapy leader specializing in blood purification, refinanced its existing $10 million term loan with a new $15 million debt facility with Bridge Bank.

The Credit Junction secured a $150 million credit facility from MidCap Financial.

GMS agreed to acquire 100% of the equity interests of WSB Titan for total consideration of approximately $627 million. Barclays Bank, Credit Suisse and Credit Suisse Securities will provide debt financing to support the transaction.

Deep Sea Mining Finance will continue to provide bridge loans to Nautilus Minerals. The loans are expected to form part of a larger secured structured credit facility of up to $34 million.

NXT Capital provided a senior secured credit facility to support PNC Riverarch Capital’s acquisition of TZ Acquisition Corp dba Tranzonic.