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.
Rabobank is serving as administrative agent and active bookrunner on a $1.1 billion borrowing base credit facility, which includes a $500 million accordion, for Gunvor USA. ING Capital, Natixis and Société Générale are joint bookrunners and joint lead arrangers.
FTI Consulting will serve as financial advisor to Pace Industries, which reached an agreement with its lenders on the terms of a financial restructuring plan and initiated a voluntary prepackaged Chapter 11 process in the U.S. Bankruptcy Court for the District of Delaware.
In a recent interview for the American Bankruptcy Instiute’s latest podcast, Jay Bender, Kristina M. Stanger and John H. Thompson discussed the unfortunate disparity in the Bankruptcy Code’s treatment for disabled veterans who seek Chapter 7 relief.
Chris Molen and Chad Werner joined McGuireWoods as partners in the Atlanta office, bringing experience in the leveraged finance and asset-based lending markets to the firm’s Debt Finance Department.
McGuireWoods said Mark A. Platt joined the firm as a partner. Previously, Platt practiced at Norton Rose Fulbright. He is the current co-chair of the American Bar Association Bankruptcy and Insolvency Litigation Committee.
The American Lawyer’s 2014 Global Legal Awards recognized last year’s purchase of Smithfield Foods by Shuanghui International Holdings among the most distinguished cross-border transactions of 2013. McGuireWoods played a substantial role in the deal.