Gordon Brothers and J.P. Morgan agreed to provide a A$215 million ($153.6 million), four-year asset-based lending facility to Myer to refinance its existing credit facilities, support strategic initiatives and provide day-to-day liquidity.
Gordon Brothers appointed Samantha Findley to the position of director, special situations in Australia. Findley will help clients to use Gordon Brothers’ balance sheet and the company’s knowledge to resolve liquidity issues and execute restructuring programs.
Gordon Brothers named Brendan Smyth head of the Australian valuation team. Smyth will provide asset valuations to the restructuring/insolvency sector and lending community, including asset-based lenders, private equity firms and investment funds.
Restructuring and advisory firm Gordon Brothers opened a new office in Perth, Australia. The office will be led by equipment valuation and auction industry veteran, Ben Gibson.
Australian transportation and logistics company Rivet obtained a financing package, including a term loan from Boston-based Gordon Brothers Finance Company and Gordon Brothers, which refinanced existing facilities and facilitated the ownership transfer and expansion of its business.
Gordon Brothers has expanded its footprint to Australia. Based in Sydney, the new office will be led by Tim Stewart, who will serve as managing director, Australia.