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Pier 1 Files Chapter 11; BofA, Others Commit $256MM in DIP Financing
Pier 1 Imports, Inc. (“Pier 1” or the “Company”) announced that it has entered into a Plan Support Agreement (the “PSA”) with a majority of its term loan lenders and is pursuing a sale of the Company. To facilitate an orderly sale process and implement the PSA, the Company and its subsidiaries have...
2/18/2020
Wingspire Capital Hires Bence as Principal in the Midwest
Wingspire Capital, LLC (“Wingspire”) announced that William Bence joined the firm as Principal, responsible for business development activities of Wingspire Capital in Chicago and the midwestern United States.Will joins Wingspire from Fifth Third Business Capital where he had nearly 15 years of...
Boy Scouts Of America Files for Bankruptcy, Bloomberg
Bloomberg reported the Boy Scouts of America (BSA) is seeking bankruptcy. According to the report, the BSA filed in Delaware early Tuesday under Chapter 11 of the U.S. bankruptcy code. Court papers listed liabilities of up to $1 billion and assets as much as $10 billion. The Irving, Texas-based...
2/18/2020
Winter Harbor Names New Senior Director and Senior Managers
Winter Harbor LLC, a national restructuring and turnaround firm, announced Kurt Hedderich has been promoted to senior director and Matt Czerkowicz and Matt Dalton have both been promoted to senior manager.  Hedderich has been with Winter Harbor since its founding in 2012.  He has over 15 years of...
 
Commercial Finance Licensing Legislation in New York State Merits Watching
Brett P. Garver
Brett Garver of Moritt Hock & Hamroff LLP writes that a proposed NY State law would create a licensing requirement for...
2/7/2020 Topic: Legal Issues
Despite new competitive forces from FinTech-style firms, traditional asset-based...
Latin America is widely recognized by U.S. investors and businesses as a region...
Topic: Accounting
 
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