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WSJ: Saks Prepares for Bankruptcy After Missing Debt Payment
The Wall Street Journal reported that Saks Global, the owner of Saks Fifth Avenue and Neiman Marcus, is preparing to file for bankruptcy within days after missing an interest payment on the debt it took on to buy Neiman Marcus, according to people familiar with the matter. Read the full Wall Street...
1/2/2026
PowerBank Enters $8MM Revolving Credit Facility with NY Green Bank
PowerBank Corporation, a leader in North American energy infrastructure development and asset ownership, announced that it and its subsidiaries have entered into a loan agreement with NY Green Bank (“NYGB”) for a revolving credit facility with initial principal amount of up to $8 million USD (the...
1/2/2026
Silver Point Capital Acquires Controlling Interest in Claims of Onset Financial Against First Brands Group
Onset Financial announced that Silver Point Capital has acquired a controlling interest in the claims of Onset Financial, Inc. and certain of its funding partners against First Brands Group, LLC and certain of its affiliates. Terms of the transaction were not disclosed.
1/2/2026
Kodiak AI Enters New Debt Facility with Horizon Technology Finance
Kodiak AI, a leading provider of AI-powered autonomous driving technology, announced the completion of the establishment of a new debt facility with Horizon Technology Finance Corporation (the “Lender”) as noted in a Form 8-K that was filed with the SEC. Compared to Kodiak’s previous debt facility...
1/2/2026
 
Bankruptcy or Receivership: Finding the Win in a Loss
Geoff Groshong and Al Davis
Restructuring veterans Geoff Groshong and Al Davis discuss why Subchapter V bankruptcy has significant advantages over...
10/22/2025 Topic: Bankruptcy
Bankruptcy courts are dismantling MCA agreements, reclassifying them as loans...
MCA debt relief schemes promise quick fixes—but often deepen risk, destroy cash...
 
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