TNT Crane & Rigging and certain of its affiliates emerged from Chapter 11 bankruptcy protection. The company emerged from its restructuring as a private company with a new ownership group, recapitalized with a new $225 million term loan.
Based in London, Jan-Erik Back, Duncan Sherriffs and Alex Boyce joined Stifel, bringing with them the advisory business of Galiant Partners. Together, they have more than 50 years of combined experience as investors, advisors and lenders.
BRF Finance, an affiliate of B. Riley Financial, committed to provide Tuesday Morning with $25 million of debtor-in-possession financing as required by the company’s current $100 million DIP agreement with its existing lender group.
Keane Group entered into a new senior secured term loan facility in an initial aggregate principal amount of $350 million to refinance its existing term loan credit facility,
Stifel Financial entered into a strategic relationship with Carlyle GMS Finance whereby the companies will mutually refer middle-market opportunities to each other.