Red Lobster Management LLC, along with its direct and indirect operating subsidiaries, owner and operator of the Red Lobster® restaurant chain, announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida. The Company intends to use the proceedings to drive operational improvements, simplify the business through a reduction in locations, and pursue a sale of substantially all of its
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Encina Lender Finance closed a $50 million senior credit facility for a consumer point-of-sale lending platform with a network of more than 2,000 merchants nationwide.The borrower will use this facility to support its continued growth.
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Bastion Management agented a senior debt investment of $150 million, with an accordion up to $225 million, in Sezzle Inc. to refinance the previous $100 million facility established in October 2022 with Bastion and affiliates. The new facility will provide additional liquidity to fund the Company's future growth in the U.S. and Canadian markets and pursue new strategic initiatives."We're thrilled to extend our lending partnership with Bastion, a key growth partner of ours for many years," stated
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Solifi received an accolade in the Best New Services Solutions: Data and Asset Management category in the 2024 Sustainable Finance Awards. The awards, which took place in May in Paris, celebrate the success of leading finance businesses in achieving sustainable outcomes through innovation, breadth of coverage and rigorous use of data across Europe.“Our decision to invest in ESG is a result of feedback from our customers, substantial market research, and evolving regulatory requirements,” said
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Churchill Asset Management and Dawson Partners announced the closing of a $425 million transaction.The transaction, solely financed by Dawson vehicles, served as an alternative solution to a traditional secondary sale, delivering liquidity to Churchill investors on a curated portfolio of 19 high-quality buyout fund interests. The structure provides Dawson vehicles with downside protection and upside participation, and Churchill investors with immediate liquidity and future upside potential.
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KKR and Origis Energy, a leading renewable energy and decarbonization solution platform, announced that vehicles and accounts managed by KKR’s insurance business have provided a $300 million corporate financing facility to Origis. Proceeds from the facility will support the continued development and construction of Origis’ pipeline of solar and storage projects.S&P Global Commodity Insights recently ranked Origis third on its list of ten largest owners of planned solar installations through 2028
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Eclipse Business Capital provided a $18.5 million senior secured credit facility, consisting of an ABL revolving line of credit and term loan to a mining company that serves various industrial end markets. The credit facility is secured by accounts receivable, inventory, and machinery & equipment. The transaction will refinance the Company’s existing credit facilities and provide additional liquidity for working capital purposes.EBC’s demonstrated track record of executing quickly, coupled
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First Citizens Bank's Commercial Real Estate business provided $24.5 million in construction financing for 121 Commerce Center, a large new industrial property in Grapevine, Texas. The facility will cover more than 272,000 square feet and feature 36-foot ceilings, 54 truck doors and more than 350 parking spaces. The 16-acre site is strategically located near Highway 121, Interstate 635 and Dallas-Fort Worth airport.Construction has begun on the facility, which is owned by an affiliate of GTIS
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CapitalPlus Financial Services provided a $3 million financing facility to a prominent Louisiana-based marine contractor. This strategic funding is designed to augment the contractor's existing $25 million bank facilities, enabling them to secure essential materials for upcoming projects.The contractor was awarded a substantial project that required a large materials purchase. Although they could have made the purchase without external support, they turned to CapitalPlus.The strategic
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Caleb Smith has joined Gordon Brothers as Managing Director, North America Real Estate Services. In this role, Smith oversees Real Estate Services’ daily operations through the implementation of streamlined processes, procedures and methodologies and enhancing the operational platform to provide full life cycle portfolio optimization services to retail, office, commercial and industrial clients. Based in Nashville, Smith has over 15 years of experience in corporate real estate leadership
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Second Wind Consultants, America’s most respected name in corporate turnaround, announced its formal merger with Polaris Business Advisors.Through the merger, Polaris Business Advisors will become Rise Alliance – offering new capabilities and expanded resources to clients. Together, Rise Alliance and Second Wind bring together the nation’s largest network of commercial lenders, attorneys, restructuring professionals and working capital providers to serve clients with strength and scope not
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Flatbay Capital keeps the ball rolling with another $2.3MM bridge loan funded for a Houston-based, aerospace machine shop. This deal was secured by the company's main operating headquarters located in one of Houston’s historically underutilized business zones (HUBZones). About the CompanyThis women-owned, family business was established in 1980 by the late patriarch of the family and specializes in high-volume production runs and prototype manufacturing for major industries such as aerospace and
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Provident Financial Services announced that its merger with Lakeland Bancorp was completed, creating the premier super community banking franchise in the region. The merger of Lakeland Bank with and into Provident Bank has also been completed. In accordance with the Agreement and Plan of Merger dated as of September 26, 2022, as amended (the “Merger Agreement”), at the close of the transaction Lakeland shareholders have the right to receive 0.8319 of a share of Provident common stock for each
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Pathward announced the expansion and transformation of its suite of offerings for financial institutions. Formerly known for providing prepaid cards to banks and credit unions, Pathward’s new Solutions for Financial Institutions includes expanded options for commercial finance solutions and merchant services.Pathward Solutions for Financial Institutions provides an enhanced, turnkey product lineup for financial institutions that cuts out the need for multiple third parties. With the transformed
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Haynes and Boone added Real Estate Finance Partner Daniel Mallet to the firm’s Orange County office. Mallet joins the firm from Sheppard Mullin, where he worked for the last five years.Mallet is the seventh partner to join the rapidly growing Orange County office since September, along with Jeff Morton, David Hengstler, Martin Florman, Paul Tobin, Elizabeth Weldon and Kevin Crisp.His practice focuses primarily on secured and unsecured real estate finance transactions on behalf of clients such as
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