Investors are increasingly throwing their weight in the second-lien loan market as yields on first-lien term loans have contracted to their lowest level in more than a decade, Reuters reports. According to a report published on April 13, second-lien...
Read Story
April 17, 2017, 07:17 AM
|
Neuberger Berman, a private, independent, employee-owned investment manager, announced NB Private Debt Fund II LP (the "Fund") closed on $750 million of limited partner commitments. The Fund seeks to invest in the junior debt of private equity-backed...
Read Story
October 21, 2016, 07:41 AM
|
On Sep. 1, 2016, Sears Holdings Corporation, Sears Roebuck Acceptance Corp. (“SRAC”) and Kmart Corporation (together with SRAC, the “Borrowers”) entered into a Second Lien Credit Agreement (the “Credit Agreement”) with the Lenders (as defined below)...
Read Story
September 06, 2016, 07:33 AM
|
MVC Capital, a publicly traded business development company that makes private debt and equity investments, announced the completion of a second lien term loan of $10.0 million to Pre-Paid Legal Services, Inc. d/b/a LegalShield. LegalShield is a...
Read Story
August 02, 2013, 07:19 AM
|
LBC Credit Partners (LBC) announced that it was administrative agent and lead arranger for a $35 million second lien term loan to support the recapitalization of MPI Products, LLC (MPI), a Monomoy Capital Partners portfolio company acquired last fall...
Read Story
June 28, 2013, 07:35 AM
|
AMF Bowling Worldwide, Inc. and certain of its affiliates ("AMF") filed a new chapter 11 plan of reorganization and disclosure statement today sponsored by Strike Holdings LLC (known as Bowlmor), and certain of AMF's second lien lenders, including...
Read Story
May 20, 2013, 07:51 AM
|
The Newark Group, a leader in the collection of secondary fibers and the manufacturing and converting of 100% recycled paperboard in the U.S. and Canada, announced the company has completed a $186 million refinancing transaction. The company...
Read Story
February 12, 2013, 07:49 AM
|