United Site Services, the largest national provider of portable sanitation services and complementary site solutions in the United States, has entered into a restructuring support agreement (the "RSA") with an ad hoc group of its existing lenders (the "Ad Hoc Lender Group") and the Company's ABL and revolving facility lenders to implement a comprehensive restructuring transaction that will reduce its funded debt levels, strengthen its balance sheet, and build enduring, long-term financial
Read Story
December 30, 2025 @ 07:45 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
|
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
|
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
|
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
Read Story
December 31, 2025 @ 08:10 AM
|