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Lazard Appoints Orszag as CEO and Jacobs as Executive Chairman
Lazard announced that Peter R. Orszag, currently CEO of Financial Advisory at Lazard, has been unanimously elected by its Board to serve as CEO of Lazard and as a Board Director. Kenneth M. Jacobs, Chairman and CEO of Lazard, will serve as Executive Chairman of the Board and will continue to advise...
Renzo Capital Closes Extension of $43MM Revolving Credit Facility with Sparks
Sparks closed a one-year extension of its $43 million revolving credit facility with Renzo Capital Corp. "We are very pleased to extend our relationship with Renzo Capital Corp to continue to provide us with access to capital at a critical time when small businesses nationwide need funding as the...
Diebold Nixdorf Enters Global Debt Restructuring Support Agreement with Key Financial Stakeholders
Diebold Nixdorf entered into a restructuring support agreement with certain of its key financial stakeholders to effectuate a comprehensive debt restructuring transaction that is intended to be completed efficiently and quickly. The restructuring is expected to significantly reduce debt and leverage...
Sierra Metals Completes Refinancing Agreement With Major Lenders
Sierra Metals has finalized the definitive agreement with Banco de Credito del Peru and Banco Santander S.A. to refinance $18.75 million out of the $25 million principal debt repayment obligations that were originally due in 2023 under the Company’s senior secured credit facility. All figures in...
Close More Deals with Sub Debt
Joseph Camberato
Joe Camberato of National Business Capital provides a closer look at the role of subordinate debt in today’s market.
5/24/2023 Topic: Industry Insights
As the economy continues to seek its footing, small businesses are finding it...
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