Serta Simmons Bedding, a global sleep company, is taking steps to strengthen its financial position as it continues to support long-term growth.
Core Scientific, a blockchain computing data center provider, will enter into a restructuring support agreement with an ad hoc noteholder group, which agreed to provide commitments for a debtor-in-possession facility of up to $56 million.
Kabbage (KServicing), a servicer and subservicer of small business Paycheck Protection Program loans (PPP Loans), voluntarily filed for relief and protections under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.
Phoenix Services, a provider of mission critical services to global steel producing companies, has taken the next step in its comprehensive restructuring strategy by filing voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
Dave & Buster’s Entertainment entered into an agreement to acquire Main Event from Ardent Leisure Group and RedBird Capital Partners. Deutsche Bank Securities, JPMorgan Chase Bank and BMO Capital Markets are the joint lead arrangers and joint bookrunners for the financing supporting the acquisition.
Northleaf Capital Partners and AVALT acquired AMAROK, a provider of contracted perimeter security infrastructure solutions in the United States. Golub Capital provided debt financing for the transaction.
Talen Energy and its wholly-owned subsidiary, Talen Energy Supply, obtained a financing commitment led by GoldenTree Asset Management and Silver Point Finance for a first lien facility in the aggregate amount of $788 million maturing in September 2024.
JPMorgan’s strategic situations division led a $30 million revolving credit facility and a new $370 million first lien term loan for Healogics, a provider of wound care. Healogics also secured $240 million in equity investments.
Truist Securities served as left lead arranger, Fifth Third Bank acted as joint lead arranger, Union Bank acted as syndication agent and Regions Bank acted as documentation agent on a $400 million revolving credit facility with a $150 million accordion for Anthem Entertainment.
Oaktree Capital Management provided a $200 million senior secured term loan to Ashford Hospitality Trust. The term loan can be upsized by $150 million to an aggregate amount of $350 million.