Big Shoulders Capital (BSC) recently provided a $1 million debtor-in-possession loan for a steel fabrication business in Texas. Funds will provide working capital and enable a going-concern sale process. Due to the fabricator’s high urgency needs...
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April 22, 2024, 07:42 AM
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Shoes For Crews, a global leader and pioneer in slip-resistant footwear, announced that its U.S.-based entities have filed voluntary petitions for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware (the “Court”) to...
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April 02, 2024, 07:30 AM
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SG Credit Partners provided a commitment for up to $10 million in debtor-in-possession (“DIP”) financing to Water Gremlin, the world’s technological and market leader in battery terminals, to support ongoing manufacturing and distribution as it...
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November 06, 2023, 08:05 AM
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AppHarvest, a sustainable food company, announced that it is pursuing a financial and operational transition to enable the company to reduce its outstanding liabilities. Business operations will continue at the farms, including shipping product to...
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July 24, 2023, 07:58 AM
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Tuesday Morning Corp., a leading off-price retailer of home goods and décor, announced that it is pursuing a financial and operational reorganization to enable the Company to reduce its outstanding liabilities, obtain significant and necessary...
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February 15, 2023, 07:50 AM
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Eclipse Business Capital (“EBC”) financed a $125 million senior secured debtor-in-possession (“DIP”) revolving credit facility to a mattress manufacturer.The credit facility is secured by accounts receivable and inventory. The transaction facilitates...
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February 07, 2023, 07:43 AM
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First Guaranty Mortgage announced that the Company and affiliate Maverick II Holdings, LLC filed for chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware to protect the business while exploring all available...
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July 05, 2022, 07:50 AM
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Revlon today announced it and certain of its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.The Chapter 11 filing will allow Revlon to strategically...
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June 16, 2022, 08:08 AM
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Armstrong Flooring has received approval from the U.S. Bankruptcy Court for the District of Delaware to access its consensual debtor-in-possession ("DIP") financing totaling $24 million in net new money. This financing will provide the Company with...
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May 18, 2022, 08:00 AM
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Tiger Finance has closed on a $15.5 million in debtor-in-possession financing to facilitate the Chapter 11 restructuring of Pennsauken, N.J.-based Aluminum Shapes LLC, a fully integrated manufacturer and distributor of aluminum products serving...
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August 20, 2021, 08:00 AM
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Second Avenue Capital Partners provided $6.5 million in debtor-in-possession (“DIP”) financing to Solstice Sunglasses, the second-largest sunglass retailer in the United States. The DIP facility delivers supportive capital to Solstice as the retailer...
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March 04, 2021, 08:15 AM
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Vanguard Natural Resources announced that the company has voluntarily filed petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division.The company has obtained a...
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April 02, 2019, 09:00 AM
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Hexion Inc. announced it has entered into a Restructuring Support Agreement (RSA) with the vast majority of holders of each of the company’s notes issuances, representing consensus across its capital structure, on the terms of a consensual financial...
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April 02, 2019, 08:45 AM
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Tops Markets, LLC announced that it is pursuing a financial restructuring in order to eliminate a substantial portion of debt from the Company’s balance sheet and position Tops for long-term success.Tops stores across the Company’s portfolio in...
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February 23, 2018, 07:10 AM
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The Woodbridge Group of Companies, LLC and certain of its affiliates and subsidiaries announced that it has commenced a process to implement a debt recapitalization intended to restructure its approximately $750 million in debt. To facilitate this...
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December 04, 2017, 07:43 AM
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Telecom provider Avaya Inc. announced that it has commenced a formal proceeding to restructure its balance sheet to better position itself for the future. To facilitate this restructuring, the Company filed voluntary petitions under chapter 11 of the...
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January 20, 2017, 08:05 AM
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Pacific Exploration & Production Corporation announced the successful closing of a debtor-in-possession financing in the amount of U.S.$500 million (the "DIP Financing"), less applicable fees and charges, with: (i) certain holders of the Company's...
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June 22, 2016, 07:24 AM
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The Great Atlantic & Pacific Tea Company, Inc. announced that it has executed asset purchase agreements covering approximately 120 stores at a purchase price of approximately $600 million. A&P filed a voluntary petition under Chapter 11 of the U.S....
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July 20, 2015, 08:18 AM
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Molycorp, Inc. received approval from the U.S. Bankruptcy Court on $22 million in interim debtor-in-possession (DIP) financing provided by an affiliate of Oaktree Capital Management. The new funds will support operations going forward for an interim...
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July 06, 2015, 07:46 AM
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Exide Technologies entered into a plan support agreement ("PSA") with holders of a majority of the principal amount of Exide's senior secured notes. The PSA includes a detailed term sheet which describes a plan of reorganization. Pursuant to the PSA...
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November 05, 2014, 07:36 AM
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ALCO Stores, Inc. announced that the company and its subsidiary, ALCO Holdings, Limited Liability Company, filed on October 12, 2014 voluntary petitions for relief in the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division...
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October 14, 2014, 08:04 AM
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Exide Technologies has received all necessary approvals from its lenders, thereby extending its debtor-in-possession (DIP) credit facility's maturity date to March 31, 2015, subject to the terms and conditions thereof. The extension provides Exide...
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October 10, 2014, 07:35 AM
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