Sallyport Commercial Finance provided a $2 million-dollar Debtor-In- Possession facility to a company focused on the design and manufacture of ladies and children’s shoes.Founded in 2009, a second-generation shoe designer leads this family business...
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October 16, 2017, 08:00 AM
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Siena Lending Group LLC announced the completion of a $5 million debtor-in-possession financing (DIP Loan) for a not-for-profit organization. The DIP Loan will be used to support the Organization’s working capital during bankruptcy and to facilitate...
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October 03, 2017, 08:00 AM
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The Boston office of global law firm K&L Gates LLP has added James A. Wright III as a partner in the restructuring and insolvency practice. Wright previously practiced with Ropes & Gray LLP.Wright represents corporations, bondholders, private equity...
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August 25, 2017, 08:00 AM
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Encina Business Credit, LLC (EBC) announced it has provided a $30 million debtor-in-possession (DIP) facility to American Apparel (USA) LLC, a vertically-integrated manufacturer, distributor and retailer of branded fashion basic apparel products. The...
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November 16, 2016, 07:40 AM
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David B. Kurzweil, shareholder, co-chair of the Financial Institutions Practice at international law firm Greenberg Traurig, LLP, and chair of the Atlanta Restructuring & Bankruptcy Practice, has been named to the Commercial Finance Association’s...
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November 11, 2016, 07:15 AM
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Basic Energy Services, Inc. announced that the Company entered into a restructuring support agreement (the "RSA") on October 23, 2016, with its secured term loan lenders and certain holders of its 7.75% senior notes due 2019 (the "2019 Notes") and...
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October 24, 2016, 07:48 AM
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C&J Energy Services Ltd. (CJES) announced that it has entered into a Restructuring Support Agreement (the "RSA") with certain of its secured lenders representing greater than 50% of the outstanding principal amount under the Company's secured credit...
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July 11, 2016, 07:57 AM
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SunEdison, Inc. said today that it has received final Bankruptcy Court approval of debtor-in-possession (DIP) financing in the form of new capital totaling up to $300 million provided by a consortium of first and second lien lenders.These financial...
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June 13, 2016, 12:39 PM
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Quantum Fuel Systems Technologies Worldwide, Inc., a global leader in natural gas storage and delivery systems, integration and vehicle system technologies, today announced that that it filed a voluntary petition for relief under Chapter 11 of the...
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March 28, 2016, 07:44 AM
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Veritas Financial Partners has completed a $3 million debtor-in-possession financing for an equipment rental and services company to support its recapitalization in the face of challenging industry conditions. The facility will be used to repay the...
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January 27, 2016, 07:50 AM
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White Oak Global Advisors has recently provided financing support to four transactions:
An $11.0 million senior secured term loan to a hydraulic manufacturer of metals parts and components. The company has expertise in machining and uses...
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October 21, 2015, 08:02 AM
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Molycorp, Inc. has executed a restructuring support agreement with creditors that hold over 70% of the aggregate principal amount of the company's 10% senior secured notes. The agreement provides for a financial restructuring of the Company's $1.7...
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June 25, 2015, 07:17 AM
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Heritage Equity Partners (HEP) announced that it acted as investment banker to Mallygirl, LLC in the recently approved sale of the Company to Beauty Visions LLC. The sale was effectuated through a Chapter 11 Section 363 process and was approved by...
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June 12, 2015, 07:53 AM
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Magnetation LLC. announced the commencement of solicitations to eligible holders of its 11.000% Senior Secured Notes due 2018 (the "Notes") to purchase by assignment certain loans and commitments outstanding under its Debtor-in-Possession Credit...
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May 13, 2015, 07:53 AM
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GT Advanced Technologies Inc. announced the second extension of the solicitation period in connection with its previously announced proposed debtor-in-possession term loan facility (the "DIP Loan Facility"). Following the extension, the solicitation...
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May 01, 2015, 07:27 AM
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White Oak Global Advisors, LLC has provided a $15 million senior secured term loan to a provider of thin infrastructure, bi-directional, ultra-low power wireless price tags for retailers.Located in the western United States, the company's products...
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July 16, 2014, 07:31 AM
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Salus Capital Partners announced it was awarded the Manufacturing Deal of the Year (under $75 million) Award for providing a Debtor-in-Possession (DIP) facility to National Envelope. Salus received the recognition at the 4th Annual ACG NY Champion’s...
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July 09, 2014, 07:49 AM
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Otterbourg P.C. announced that Jeffrey Rosenthal and Thomas Duignan joined the firm as members in the banking and finance group. Rosenthal and Duignan will also coordinate extensively with the firm’s workout, distressed debt and insolvency practice...
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June 26, 2014, 07:06 AM
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Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. has expanded its Corporate and Securities practice with the addition of debt financing specialist Joseph W. Price, a former partner at Kirkland & Ellis, who joins as a Member based in New York.Price...
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June 24, 2014, 07:12 AM
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Cassel Salpeter & Co. represented DynaVox Inc., debtor-in-possession, in connection with a Section 363 sale transaction approved by the Delaware Bankruptcy Court to Tobii Technology AB, a Swedish technology company with offices worldwide. In a...
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June 19, 2014, 07:44 AM
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Carl Marks Advisors acted as the investment banker to Green Field Energy Services, Inc. in the sale of the its entire portfolio of equipment and inventory assets, including over 3,500 pieces of state-of-the-art well services and hydraulic fracturing...
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June 05, 2014, 07:42 AM
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Salus Capital Partners, LLC, will be honored for its work at the 8th Annual M&A Advisor Turnaround Awards. The Debtor-in-Possession financing of National Envelope was named Restructuring Deal of the Year (Over $50mm to $100mm) and the Chapter 11...
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February 06, 2014, 07:26 AM
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Amerisource announced the closing and funding of a $5 million revolving credit facility for a transportation and logistics company headquartered in California.
This growing company has experienced tremendous growth with a Fortune 100 customer base...
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January 21, 2014, 07:17 AM
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GB Credit Partners, LLC, the investment management affiliate of Gordon Brothers Group, announced it has co-agented a $30 million debtor in possession (DIP) facility to Green Field Energy Services, a well service provider specializing in hydraulic...
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October 31, 2013, 07:46 AM
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Huldra Silver Inc. announced that it has obtained a secured debtor-in-possession loan from Waterton Global Value, L.P., the primary secured creditor of the Company, pursuant to a credit agreement dated August 15, 2013. The DIP Loan was authorized by...
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August 19, 2013, 07:19 AM
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Rotech Healthcare announced that the company and consenting holders holding in the aggregate a majority of the outstanding principal amount of Rotech’s 10.5% senior second lien notes have reached an agreement in principle to restructure and...
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March 18, 2013, 07:29 AM
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Geokinetics announced that it and its domestic subsidiaries have filed voluntary petitions under chapter 11 of title 11 of the United State Code in the United States Bankruptcy Court for the District of Delaware to complete their previously announced...
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March 11, 2013, 07:26 AM
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