TPC Group, a provider of products to chemical and petroleum-based companies, voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware.
TEAM entered into a $50 million delayed draw subordinated term loan facility led by Corre Management Partners. TEAM also entered into an amendment to its senior secured term loan facility led by Atlantic Park Strategic Capital Fund.
The Secured Finance Network (SFNet) added to its executive and management committees for fiscal year 2022. These leaders guide the association, make policy decisions, confirm new members and provide thought leadership in advocacy and education.