Real Mex, the operator of Chevys Fresh Mex, El Torito and other full-service Mexican restaurant brands, executed an asset purchase agreement with an affiliate of Z Capital Group as part of a voluntary Chapter 11 filing.
To support acquisition by Fred’s of 865 Rite Aid stores, Bank of America, Merrill Lynch and Regions Capital have provided $1.05 billion of committed ABL financing.
BlackLine acquired Runbook, a Europe-based provider of financial close and automation solutions to the SAP market. Tennenbaum Capital provided a credit facility to support the transaction.
Great American Capital Partners (GACP), a provider of senior secured loans to middle-market companies and a subsidiary of B. Riley Financial, has received an investment from Tennenbaum Capital Partners (TCP), an alternative investment management firm.
Tennenbaum Capital Partners announced that Carolyn Glick joined TCP. Glick will source and execute credit investments across the firm’s performing and special situation credit strategies.
Mesa Air Group announced it closed on a $30 million working capital draw loan through Tennenbaum Capital Partners. The funds are available for up to two years and have a five-year term.
Tennenbaum Capital Partners announced that Brad Pritchard joined the firm as managing director. He most recently served as a managing director of Hercules Technology Growth Capital.
Reuters said GSE Environmental filed for Chapter 11 bankruptcy. Bankruptcy court documents noted that funds affiliated with Littlejohn, Tennenbaum Capital and Strategic Value Partners served as DIP lenders.
Tennenbaum Capital Partners announced that Todd Jaquez-Fissori joined as managing director of Tennenbaum and TCP Capital. Previously, he served as a senior managing director and group head of the energy technology group of Hercules Technology Growth Capital.