Ares Commercial Finance Provides $100MM Revolver to Pace Industries

Ares Commercial Finance provided a $100 million senior secured revolving line of credit to Pace Industries, an entity owned by funds and accounts managed by TCW Asset Management Company and by affiliated funds and accounts of Cerberus Capital Management.

November 16, 2020 Ares Commercial Finance | Ares Management Corporation | Cerberus Capital Management | Pace Industries | TCW Asset Management Ellie Delany

Cerberus Closes $5.1B of Commitments for Global NPL Strategy

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

April 22, 2019 Cerberus Capital Management | Lee Millstein nadine

Remington RSA Plan Approved, Expects to Exit Chapter 11

The U.S. Bankruptcy Court approved Remington Outdoor’s restructuring plan, with the company anticipating an emergence from Chapter 11 by the end of May with a new $193 million ABL facility.

May 3, 2018 Bank of America | Cerberus Capital Management | JPMorgan | Remington Outdoors ABF Journal

JPMorgan COO Zames Tapped as Cerberus President

Cerberus Capital Management appointed Matt Zames president of Cerberus and promoted Frank Bruno and Lee Millstein to co-CEO of Cerberus and president of the firm’s international business, respectively.

April 19, 2018 Cerberus Capital Management | Frank Bruno | Lee Millstein | Matt Zames | Steve Feinberg ABF Journal

Remington Files for Chapter 11, Cerberus to End Ownership

According to The Wall Street Journal, firearms manufacturer Remington Outdoor has filed for Chapter 11, an anticipated move after it announced its plans to do so in February.

March 26, 2018 Cerberus Capital Management | JPMorgan Chase | Remington | Wall Street Journal Amanda Koprowski

Cerberus Appoints Nicastro Senior Advisor in Europe

Cerberus Capital Management appointed Roberto Nicastro a senior advisor to the firm focusing on investment opportunities and partnerships in the European financial services sector.

March 23, 2018 Cerberus Capital Management | Roberto Nicastro Amanda Koprowski

Cerberus Affiliate Acquires Cyanco Holding

An affiliate of Cerberus Capital Management completed its previously announced acquisition of Cyanco Holding from funds managed by Oaktree Capital Management.

March 20, 2018 Cerberus Capital Management | Cyanco Holding | Dev Kapadia | Oaktree Capital Management Amanda Koprowski

Remington Creditors Looking to Sell After Bankruptcy

Bloomberg reported that the Remington’s creditors are looking for a quick sale after the beleaguered gun company emerges from Chapter 11.

February 27, 2018 Cerberus Capital Management | Franklin Resources | JPMorgan | Remington ABF Journal

Cerberus Affiliate to Acquire Cyanco From Oaktree

An affiliate of Cerberus Capital Management will acquire Cyanco Holding from funds managed by Oaktree Capital Management.

February 7, 2018 Cerberus Capital Management | Cyanco | Oaktree Capital Management ABF Journal

Cerberus, Quantlab Provide $68MM Financing to ETC Global

ETC Global Group entered into a new financing facility with Cerberus Capital Management and Quantlab Investments to provide up to $68 million in committed capital.

August 1, 2017 Cerberus Capital Management | ETC Global | Quantlab Investments ABF Journal