Nordic Aviation Capital entered into a restructuring support agreement with its equity holders and lenders and filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. As part of the restructuring, the company obtained $170 million in debtor-in-possession financing.
Old Compass Financial, a new field examination firm, commenced operations from its headquarters in Charleston, SC. The firm is led by Joel A. Good, an asset-based lending industry veteran with more than 24 years of field examination and audit experience.
Independent investment bank Matrix Capital added Casey Van de Walle as a director and Anthony Hoffman, CPA, as an analyst of the firm. Van de Walle most recently served as vice president at Edgement Partners and Hoffman most recently served as an audit associate at Ernst & Young.
During a retail-focused webinar hosted by Insolvency Insider, Bradley W. Snyder, executive managing director at Tiger Group, said Canadian mall owners are well-positioned to acquire key retail tenants in their portfolios in the months ahead.
Global professional services firm Alvarez & Marsal appointed Steve Spiegelhalter a managing director and North America investigations practice leader in its disputes and investigations group. Spiegelhalter was most recently a partner with Ernst & Young.
Canopy Rivers will act as a debtor-in-possession lender and provide up to $7.2 million in DIP financing to PharmHouse, which obtained an order from the Ontario Superior Court of Justice granting it creditor protection under the Companies’ Creditors Arrangement Act.
The U.S. Bankruptcy Court for the District of Delaware approved all of Shiloh Industries’ “first day” motions related to its voluntary Chapter 11 petitions filed on Aug. 30, including approval of access of up to $18.1 million of the $123.5 million in committed debtor-in-possession financing.
All Js Greenspace agreed to provide up to $7.2 million in debtor-in-possession financing to Green Growth Brands, which filed for insolvency protection under Canada’s Companies’ Creditors Arrangement Act.
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.