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Fortress Investment Group Leads $150MM Senior Secured Term Loan for Leisure Time Products
Fortress Investment Group announced that funds managed by its affiliates have provided a $150 million senior secured term loan to Leisure Time Products.Fortress served as agent, sole arranger and sole lender on the term loan financing, which will support the ongoing growth of Leisure Time’s two...
1/15/2026
U.S. Bancorp to Acquire BTIG
U.S. Bancorp has entered into a definitive agreement to acquire BTIG, a financial services firm specializing in investment banking, institutional sales and trading, research and prime brokerage.“BTIG’s top talent, capabilities and technology will position us for continued capital markets growth and...
1/15/2026
Galaxy Announces Initial Closing of Debut Tokenized CLO at $75MM
Galaxy Digital announced the successful closing of Galaxy CLO 2025-1, a new-issue collateralized loan obligation (CLO) that is tokenized on the Avalanche blockchain. The CLO will be used to support Galaxy's lending activities and represents Galaxy's first CLO issuance.The transaction closed with an...
1/15/2026
Lendscape Appoints Promisel as Chief Executive Officer
Lendscape announced the appointment of Brett Promisel as Chief Executive Officer, following an extensive, global search process. Promisel joins Lendscape with more than 30 years’ experience leading global technology and financial services organizations, with a strong track record of driving growth...
 
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
MCA debt relief schemes promise quick fixes—but often deepen risk, destroy cash...
Bankruptcy courts are dismantling MCA agreements, reclassifying them as loans...
 
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