Barings BDC and MVC Capital entered into a definitive merger agreement. The combined company, which will remain externally managed by Barings, is expected to have more than $1.2 billion of investments on a pro forma basis.
Centric Brands entered into a restructuring support agreement, led by certain funds managed by Blackstone, Ares Management, and HPS Investment Partners, to recapitalize the company and provide $435 million in debtor-in-possession financing.
Blue Harvest Fisheries has acquired seven Massachusetts-based scallop vessels. TD Bank, Santander and Islandsbanki provided senior financing for the acquisition.
Bloomberg reported a group of secured debt holders in Momentive Performance Materials hired Dechert for restructuring advice as Standard & Poor’s warns it may seek bankruptcy protection.