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Spirit Airlines entered into a restructuring support agreement (the "RSA") supported by a supermajority of Spirit's loyalty and convertible bondholders on the terms of a comprehensive balance sheet restructuring. The restructuring is expected to... Read Story

Filed Under: Bankruptcy
November 18, 2024 @ 08:15 AM

Flatbay Capital announced the addition of Stephanie Roehm, marketing representative and brand ambassador in the Dallas-Fort Worth area. Roehm has extensive experience in real estate, sales and recruitment. She will report directly to Dallas-Fort... Read Story

November 18, 2024 @ 08:05 AM

Pathlight Capital joined a $330,000,000 syndicated credit facility for Propel Holdings Inc in support of its CreditFresh line of business. Propel is a fintech company facilitating access to credit for underserved consumers. Proceeds from the... Read Story

Filed Under: FinTech
November 18, 2024 @ 08:00 AM

Provident Bank announced the addition of Mohamed Najam as Vice President, Senior Relationship Manager with the bank’s mortgage warehouse lending team, as the bank continues to bolster its specialty lending business, specifically in the mortgage... Read Story

November 18, 2024 @ 07:55 AM

On November 13, 2024, Wheels Up Experience Inc. closed its new $332 million revolving equipment notes facility with Bank of America, and completed the acquisition of GrandView Aviation's fleet of 17 Embraer Phenom 300 and Phenom 300E aircraft, and... Read Story

Filed Under: Aviation
November 18, 2024 @ 07:45 AM

Lazydays Holdings announced a series of transformative transactions designed to provide the Company with a significantly strengthened financial foundation and a more focused dealership portfolio. These transactions, which include a comprehensive... Read Story

Filed Under: Recreational Vehicles
November 18, 2024 @ 07:42 AM

Hilton Grand Vacations closed on an upsized $850 million revolving warehouse facility. The facility will accommodate both deeded and trust inventory including loans from legacy Bluegreen Vacations, which HGV acquired in January 2024. The facility... Read Story

Filed Under: Hotel & Resort
November 18, 2024 @ 07:38 AM

Wyndham Hotels & Resorts has teamed up with investment firm Lafayette Square to provide diverse hoteliers with improved access to capital. Through an exclusive relationship, Wyndham will vet and directly connect qualified owners with Lafayette Square... Read Story

Filed Under: Hotel & Resort
November 18, 2024 @ 07:00 AM

Alector, a clinical-stage biotechnology company pioneering immuno-neurology, entered into a debt financing agreement with Hercules Capital for up to $50 million. Under the terms of the agreement, Alector drew an initial $10 million at closing. An... Read Story

Filed Under: Biotechnology
November 15, 2024 @ 08:00 AM

SSG Capital Advisors served as the investment banker to Trugman-Nash, LLC, a subsidiary of Allied Dairy Products, Inc., in the sale of 100% of its equity ownership interests to Arthur Schuman, Inc. d/b/a Schuman Cheese. The transaction closed in... Read Story

Filed Under: Importer
November 15, 2024 @ 07:58 AM