The Wall Street Journal reported that Saks Global, the owner of Saks Fifth Avenue and Neiman Marcus, is preparing to file for bankruptcy within days after missing an interest payment on the debt it took on to buy Neiman Marcus, according to people familiar with the matter. Read the full Wall Street Journal Report.
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January 02, 2026 @ 08:15 AM
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PowerBank Corporation, a leader in North American energy infrastructure development and asset ownership, announced that it and its subsidiaries have entered into a loan agreement with NY Green Bank (“NYGB”) for a revolving credit facility with initial principal amount of up to $8 million USD (the “Loan”) that will be used to fund interconnection deposits for an initial portfolio of 50 MW of distributed solar power and battery energy storage projects located in New York State (the “Projects”).
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January 02, 2026 @ 08:07 AM
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Onset Financial announced that Silver Point Capital has acquired a controlling interest in the claims of Onset Financial, Inc. and certain of its funding partners against First Brands Group, LLC and certain of its affiliates. Terms of the transaction were not disclosed.
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January 02, 2026 @ 08:06 AM
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Kodiak AI, a leading provider of AI-powered autonomous driving technology, announced the completion of the establishment of a new debt facility with Horizon Technology Finance Corporation (the “Lender”) as noted in a Form 8-K that was filed with the SEC. Compared to Kodiak’s previous debt facility, the terms of the new facility provide additional capital, lower interest rates by 200 basis points, extend maturity, and reduce cash outflow and will provide Kodiak with improved liquidity and
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January 02, 2026 @ 08:05 AM
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America's Test Kitchen (ATK), a leading, multi-platform, culinary media brand, entered into an agreement for the acquisition of certain assets of Food52, Inc., a pioneering food, media and lifestyle brand through a court supervised bankruptcy process. Food52, Inc. has filed a voluntary petition for chapter 11 relief in the United States Bankruptcy Court for the District of Delaware to facilitate an auction sale of substantially all of its assets, with ATK serving as the proposed stalking horse
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January 02, 2026 @ 08:00 AM
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Capstone Holding Corp., a national building products distribution platform, announced the extension of its revolving credit facility with Berkshire Bank through June 19, 2026. The extension strengthens liquidity, carries no additional cost, and supports the Company's disciplined growth and capital-allocation strategy.The extension reflects continued senior lender confidence in Capstone's operating performance, cash flow profile, and capital discipline, while aligning the Company's maturity
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January 02, 2026 @ 07:58 AM
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Amplify Energy Corp. closed the previously announced amended revolving credit facility. The amended senior secured reserve-based revolving credit facility, with Citizens Bank as the administrative agent, amends the Company’s existing senior secured reserve-based revolving credit facility and extends the maturity to December 31, 2028.The initial borrowing base under the amended revolving credit facility is $25 million with elected commitments of $15 million. The borrowing base will be
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January 02, 2026 @ 07:56 AM
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First Financial Bancorp. announced the closing of its acquisition of Chicago-based BankFinancial Corporation through an all-stock transaction, expanding First Financial’s presence in the Chicago market with its first retail consumer-focused locations. First Financial adds BankFinancial’s strong core deposit franchise, with 18 financial centers in the area, plus its regional and national commercial loan, lease and deposit lines of business. With the completion of this acquisition, First
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January 02, 2026 @ 07:48 AM
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Ramaco Resources anounced that its principal bank lender, KeyBank, amended the Company's existing Revolving Credit Agreement to increase the overall commitments under the Facility to $500 million, including a $350 million revolving commitment and a $150 million accordion feature. The commitments under the previous Facility were $200 million with a $75 million accordion feature. In addition, the maturity date was extended from 2029 to 2030.This enhanced financial flexibility signifies an
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December 31, 2025 @ 08:15 AM
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Collegium Pharmaceutical announced the closing of its inaugural syndicated credit facility. The new aggregate $980 million credit facility will mature in 2030 and consists of a $580 million initial Term Loan, $300 million Delayed Draw Term Loan, and $100 million revolving credit facility (collectively the “Credit Facility”). The initial Term Loan was used to repay approximately $581 million of principal representing the entire remaining balance of the Company’s previous $646 million term loan
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December 31, 2025 @ 08:10 AM
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Capital Bancorp announced the renewal of Ed Barry’s employment agreement through December 2027 and an evolution of its executive leadership structure designed to support the Company’s long-term vision as a high-performing, diversified financial services enterprise.In connection with the renewal of his employment contract, Barry will continue to serve as Chief Executive Officer of Capital Bancorp. In this capacity, he will continue to focus on enterprise-level strategy and executing the Company’s
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December 31, 2025 @ 08:05 AM
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Modivcare, a technology-enabled healthcare services company providing a platform of integrated supportive care solutions focused on improving health outcomes, announced the completion of its financial restructuring process and emergence from Chapter 11 protection.Modivcare achieved the objectives it set for this process, including meaningfully reducing funded debt by $1.1 billion—more than 85% of prior funded debt—and successfully adding $100 million in new capital. The Company has also reduced
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December 31, 2025 @ 08:00 AM
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Audax Private Equity (“Audax”), a capital partner for middle and lower middle market companies, took home several honors in the second half of the year, most notably being named to Inc.’s Founder Friendly Investors list, being honored alongside GrowthCap’s Top Private Equity Firms of 2025, and being ranked among the Top 5 in both new deals and exits in PitchBook’s Third-Quarter League Tables.“We aspire to build better businesses every single day,” said Young Lee, Partner and Co-President of
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December 31, 2025 @ 07:08 AM
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The Board of Directors of Harleysville Financial Corporation, holding company for Harleysville Bank, announced that effective January 1, 2026, Ryan Schuck will assume the role of Senior Vice President and Senior Commercial Loan Officer. This is a new position to the Bank.Schuck joined the Company’s wholly owned subsidiary, Harleysville Bank in November, 2019 as Vice President and Commercial Loan Officer. chuck is actively involved in the community; coaching youth sports and serving on the Indian
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December 31, 2025 @ 07:00 AM
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Overbrook Bankshares,the holding company of The First Security Bank, and Norcon Financial Corp., the holding company of Conway Bank, have jointly announced the signing of a definitive agreement whereby Overbrook Bankshares, Inc. will acquire Norcon Financial Corp. through the merger of Norcon Financial Corp. with and into Overbrook Bankshares Inc., with Overbrook Bankshares, Inc. continuing as the surviving entity. Immediately following the merger, Conway Bank will be merged with and into The
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December 31, 2025 @ 05:02 AM
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