Diamond Sports Group completed its financial restructuring and has emerged from Chapter 11 as Main Street Sports Group (“Main Street Sports” or the “Company”) with a significantly deleveraged balance sheet. Main Street Sports emerges with a healthy capital structure and is well positioned, with valuable professional team rights across the MLB, NBA and NHL, to elevate the fan experience and drive incremental value for its team, league and distribution partners.The Main Street Sports rebrand marks
Read Story
January 03, 2025 @ 08:19 AM
|
Ladder Capital, a leading diversified commercial real estate finance platform, recently closed and subsequently upsized a revolving credit facility with commitments of $850 million. The Credit Facility has an “accordion” feature under which the Company may further increase the total borrowing availability to up to $1.25 billion. The Credit Facility replaced Ladder’s prior $324 million revolving credit facility, which had no balance drawn at the time the Credit Facility closed.The Credit Facility
Read Story
January 03, 2025 @ 08:15 AM
|
Arq, a producer of activated carbon and other environmentally efficient carbon products, successfully closed an asset-based revolving credit facility with MidCap Financial.Proceeds from the Facility are expected to be utilized to refinance Arq's outstanding CF Global Term Loan, finance ongoing growth capital expenditures and working capital requirements related to the Company's strategic growth investment at its Red River plant, as well as support general corporate purposes. Under the terms of
Read Story
January 03, 2025 @ 08:12 AM
|
NN, Inc., a global diversified industrial company that engineers and manufactures high-precision components and assemblies, entered into an ABL Credit Agreement governing a new asset-backed senior secured revolving credit facility. The new ABL Credit Agreement will provide NN Inc. with a $50 million revolving credit facility. The proceeds from the new credit facility were applied to refinance outstanding obligations under the company’s existing asset-backed loan credit agreement.The new ABL
Read Story
January 03, 2025 @ 08:05 AM
|
FTI Consulting announced the promotion of 22 professionals within the firm’s Corporate Finance & Restructuring segment to Senior Managing Director, effective January 1, 2025.“Our ability to attract and develop top talent is driving growth in the Corporate Finance & Restructuring segment, making FTI Consulting the firm to call in any stage of the business lifecycle,” said Michael Eisenband, Global Segment Leader of Corporate Finance & Restructuring at FTI Consulting. “I congratulate these leaders
Read Story
January 03, 2025 @ 08:00 AM
|
Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support Morgan Stanley Capital Partners in their acquisition of Prescott’s (the “Company”). Prescott’s is a provider of repair and maintenance services, refurbished equipment and parts sales, and rental solutions for surgical and biomedical equipment in healthcare facilities.Founded in 1984 and headquartered in Monument, CO, Prescott’s is a leading provider of healthcare
Read Story
January 03, 2025 @ 07:50 AM
|
Aypa Power, a Blackstone portfolio company and a leading developer and operator of utility-scale energy storage and hybrid renewable energy projects, successfully closed a $190 million financing package for the Bypass Battery Energy Storage System (BESS) project. Located in Fort Bend County, Texas, near Houston, the 200 MW / 400 MWh project will help address the region's growing capacity needs and reinforce Texas' position as the nation's fastest growing and most dynamic market for grid
Read Story
January 02, 2025 @ 08:15 AM
|
Kuber Mortgage Investment Corporation increased to its revolving credit facility from $100 million to $160 million with continued support by two of Canada's largest banks and the addition of one of the largest US banks as a syndicate partner, effective December 23, 2024.We are excited to add another strong syndicate partner to our family. With the addition of one of the largest US banks as a syndicate partner and with this fourth consecutive increase to Kuber's credit facility, we are poised to
Read Story
January 02, 2025 @ 08:00 AM
|
SouthState Corporation announced the closing of its acquisition of Independent Bank Group on Jan. 1, 2025, through the merger of Independent Financial with and into SouthState. Immediately after the merger, also on Jan. 1, 2024, Independent Financial’s subsidiary bank, Independent Bank, merged with and into SouthState Bank. As a result of these transactions, the combined company has expanded its presence in Texas, entered Colorado and increased its asset size to approximately $65 billion.“It’s
Read Story
January 02, 2025 @ 07:55 AM
|
Urgent.ly, a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced that it has reached an agreement with its lenders on a short-term extension to its term loan agreements while it continues to work toward longer-term extensions. Urgently has agreed with its first lien lenders, among other things, to permit the partial prepayment of its first lien term loans in an aggregate principal amount equal to $3 million, together with certain fees
Read Story
January 02, 2025 @ 07:00 AM
|
AtlasClear Holdings has secured an agreement from Hanire LLC to invest up to $45 million into the Company, through a combination of equity and convertible debt in a milestone based series of tranches, with the first tranche of $5 million expected in January 2025, subject to satisfaction of closing conditions.“We are very excited about this partnership and the investment being made into AtlasClear Holdings by Hanire. This is the culmination of a relationship between Management of the Company and
Read Story
January 02, 2025 @ 07:00 AM
|
On Dec. 23, 2024, the Board of Directors of Community National Bank and Community Bancorp. promoted Christopher L. Caldwell, 59, to the position of President and CEO of Community Bancorp. and Community National Bank effective Jan. 1, 2025. Kathy Austin will retire as President and CEO of Community Bancorp. and CEO of Community National Bank on Dec. 31, 2024, but will continue to serve on the boards of the Company and the Bank.Since Jan. 2024, Caldwell has served as Vice President of Community
Read Story
January 02, 2025 @ 06:00 AM
|
Quest Resource Holding Corporation, a national leader in environmental waste and recycling services, announced that the Company has successfully completed its refinancing process, and has amended its financing agreements with Monroe Capital Management Advisors and PNC Bank.“Earlier this year, the Board of Directors announced the formation of a financing committee to evaluate alternative debt structures focused on lowering the Company’s long-term cost of capital and supporting long-term growth.
Read Story
December 31, 2024 @ 08:15 AM
|
FTI Consulting Canada, in its capacity as court-appointed monitor of Chesswood Group Limited, Case Funding Inc., Chesswood Holdings Ltd., Chesswood US Acquisitionco Ltd., Pawnee Leasing Corporation, Lease-Win Limited, Windset Capital Corporation, Tandem Finance, Inc., Chesswood Capital Management Inc., Chesswood Capital Management USA Inc., Rifco National Auto Finance Corporation, Rifco Inc., Waypoint Investment Partners Inc. and 1000390232 Ontario Inc. (collectively, the "CCAA Parties")
Read Story
December 31, 2024 @ 08:10 AM
|
Biora Therapeutics, a biotech company developing smart pill-based therapeutic platforms, has reached an agreement with certain of its prepetition creditors (the “Lenders”) to provide financing to support a chapter 11 sale process, which will ultimately lead to a strengthened balance sheet and help enable it to launch its next stage of product development. To effectuate the transaction, the Company has filed a voluntary petition under chapter 11 of the U.S. Bankruptcy Code in the District of
Read Story
December 31, 2024 @ 08:00 AM
|