Kapitus Closes $200MM Securitization
Kapitus, a provider of small business financing, closed a $200 million asset-backed securitization, expandable to $600 million.
Kapitus, a provider of small business financing, closed a $200 million asset-backed securitization, expandable to $600 million.
The U.S. Bankruptcy Court for the District of Delaware confirmed Mallinckrodt’s plan of reorganization, paving the way for the company to begin the next stage in its reorganization process.
Washington Prime Group emerged from the Chapter 11 process, signifying the completion of the company’s financial restructuring and the implementation of its plan of reorganization. The company emerged from bankruptcy with its debt reduced by nearly $1 billion.
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, 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.
Houlihan Lokey Capital and Wells Fargo Securities are serving as financial advisors to AmeriHome in the company’s sale to Western Alliance Bank.
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 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 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.
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.