Milbank Archives - ABFJournal

Anagram Enters Into “Stalking Horse” Agreement to Sell Business, Files for Chapter 11 to Facilitate Sale

Anagram International, a foil balloon manufacturer, is pursuing a sale of the company and has entered into an agreement with a group of its lenders as the stalking horse bidders to acquire its assets, subject to higher or otherwise better offers and court approval.

MUFG-Led Syndicate Provides $338MM in Debt Financing to Arevon Energy

Arevon Energy closed financing on the Vikings solar-plus-storage project with a combination of debt financing and tax credit transfer. The $338 million debt facility was financed with MUFG, BNP Paribas, Sumitomo Mitsui Banking Corporation and First Citizens Bank.

Lucky Bucks Completes Restructuring, Emerges from Chapter 11

Lucky Bucks, a Class B coin operated amusement machine route operator in Georgia, announced the completion of its restructuring process and successful emergence from Chapter 11 bankruptcy.

Ares Management Acquires Crescent Point Capital

Ares Management entered into a definitive agreement to acquire 100% of Crescent Point Capital, an Asia-focused private equity firm with approximately $3.8 billion of assets under management.

Lucky Bucks Enters RSA to Strengthen Balance Sheet and Enhance Liquidity

Lucky Bucks, a class B coin operated amusement machine (COAM) operator in Georgia, and its parent, Lucky Bucks HoldCo, completed a recapitalization transaction with the support of its secured lenders holding more than 86% of its secured debt.

Incora Files for Chapter 11 Bankruptcy

Incora, a global provider of supply chain management solutions, filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas.

June 2, 2023 Alvarez & Marsal | David Coleal | Incora | Milbank | PJT Partners Ian Koplin

Assured Investment Management Combines with Sound Point Capital Management

Assured Guaranty entered into an agreement with Sound Point Capital Management pursuant to which Assured Guaranty will contribute its entire equity interest in Assured Investment Management and, with certain exceptions, its related asset management entities to Sound Point.

UMB Agents $1.5B Warehouse Facility for Griffin Global Asset Management

UMB Bank is serving as administrative agent for an amended $1.5 billion senior secured warehouse facility for two entities jointly established by Griffin Global Asset Management and Bain Capital Credit.

CIFC Makes Contribution of More Than $225K to TEAK Fellowship

CIFC Asset Management partnered with the deal parties of its latest CLO, CIFC Funding 2022-II, to make a collective contribution of more than $225,000 to the TEAK Fellowship.

Credit Suisse, Natixis, UMB Agent $600MM Warehouse Credit Facility for Vmo Aircraft Leasing

Vmo Aircraft Leasing closed a five-year, $600 million senior secured warehouse facility. Credit Suisse Securities and Natixis Corporate and Investment Bank are the co-structuring agents and joint lead arrangers of the facility. UMB Bank is the administrative agent and the security trustee.

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