Guggenheim Securities Archives

Washington Prime Group Enters Chapter 11, Secures $100MM in DIP Financing

Washington Prime Group filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. Washington Prime Group also secured $100 million in new money debtor-in-possession financing.

H.I.G. Capital Provides Growth Investment to Cleo Communications

H.I.G. Capital, a global alternative investment firm with $44 billion of equity capital under management, provided an investment to Cleo Communications, a global provider of ecosystem integration software solutions. Terms were not disclosed.

Apollo and Athene Agree to Sell AmeriHome to Western Alliance

Houlihan Lokey Capital and Wells Fargo Securities are serving as financial advisors to AmeriHome in the company’s sale to Western Alliance Bank.

BofA and Wells Provide ABL to Northwest Hardwoods in Restructuring Process

Bank of America and Wells Fargo provided Northwest Hardwoods with an asset-based loan during the company’s financial restructuring process and emergence from Chapter 11.

Ascena Enters APA with Sycamore Partners to Sell Ann Taylor, Loft and Others

Ascena Retail Group entered into an asset purchase agreement with Sycamore Partner’s affiliate, Premium Apparel, to sell Ann Taylor, LOFT, Lane Bryant and Lou & Grey brands for $540 million on a cash-free and debt-free basis.

Huron Advises Northwest Hardwoods in Restructuring; BofA and Wells to Refinance ABL

Huron Consulting Group is serving as financial advisor for Northwest Hardwoods, which filed for relief under Chapter 11 of the Bankruptcy Code. Bank of America and Wells Fargo will refinance an existing ABL facility as part of the company’s financial restructuring.

Ares Provides $100MM in New Equity Capital as Hornbeck Emerges From Chapter 11

Hornbeck Offshore Services emerged from Chapter 11. As part of its plan of reorganization, Hornbeck also closed on its common stock rights offering, which resulted in a $100 million cash infusion of new equity capital led by the special opportunities funds of Ares Management.

Ares Commits Additional Capital as Part of Salt Creek Recapitalization

SCM Topco, parent of Salt Creek Midstream, closed on a recapitalization with additional investments from both its existing lender groups and funds managed by Ares Management.

BofA, Pathlight Allow DIP Overdraw as Pier 1 Pursues Wind‑Down of Business Ops

Pier 1 Imports is seeking bankruptcy court approval for a wind-down of its retail operations. The company’s DIP lenders, including Bank of America and Pathlight Capital, agreed to allow Pier 1 to overdraw the DIP facility by approximately $40 million to support continued operations.

Hornbeck Offshore Services Receives Lender Support for Restructuring Plan

Pursuant to a restructuring support agreement, Hornbeck Offshore Services has the support of secured lenders holding approximately 83% of the company’s aggregate secured indebtedness.

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