Tag Archives: Goodmans

WeWork Enters into Restructuring Support Agreement, Files for Chapter 11 Bankruptcy

Flexible workspace provider WeWork commenced a comprehensive reorganization to strengthen its capital structure and financial performance. As part of the reorganization plan, WeWork and certain of its entities filed for protection under Chapter 11 of the U.S. Bankruptcy Code.

Yellow Corporation Files Voluntary Chapter 11 Petitions

Yellow Corporation and certain of its direct and indirect subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware for the company’s planned operational wind-down.

Wells Fargo Capital Finance Canada and BMO Upsize Algoma Steel’s ABL Credit Facility to $300MM

Algoma Steel, a producer of steel sheet and plate products, upsized its senior secured asset-based revolving credit facility from $250 million to $300 million and extended the term of the facility to May 2028. Wells Fargo Capital Finance Canada is acting as the administrative agent for the facility.