Bloomberg reported Saks Global Enterprises, facing limited options ahead of a more than $100 million debt payment due at the end of this month, is considering Chapter 11 bankruptcy as a last resort, according to people with knowledge of the situation.According to the Bloomberg report, the company is also weighing additional ways to shore up liquidity, including raising emergency financing or selling assets, the people said, asking not to be identified because they’re not authorized to speak
Read Story
December 24, 2025 @ 08:10 AM
|
Orion Group Holdings, a leading specialty construction company, entered into a new, five-year $120 million senior credit facility with UMB Bank.
The $120 million UMB Credit Facility matures in December 2030 and is comprised of (i) a $60 million revolving line of credit, (ii) a $20 million equipment term loan facility, and (iii) a $40 million acquisition term loan facility. The Credit Facility also includes an additional $25 million uncommitted accordion to fund future growth. This facility
Read Story
December 29, 2025 @ 08:15 AM
|
Morningstar DBRS has published commentary on the U.S. banking sector that provides a neutral outlook for the U.S. banking sector in 2026, highlighting resilience amid economic challenges. Key highlights include:
Economic Environment and Banking Performance
The U.S. banking sector is expected to perform well in 2026, supported by a generally stable economic environment, despite signs of a softening labor market and ongoing inflation.
Anticipated U.S. GDP growth is projected at 2.0% for both
Read Story
Filed Under:
December 24, 2025 @ 06:00 AM
|
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
Read Story
December 31, 2025 @ 07:08 AM
|
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.
Read Story
January 02, 2026 @ 08:15 AM
|