Big Lots announced that it does not anticipate completing its previously announced asset purchase agreement with Nexus Capital Management, though it continues to work toward completing an alternative going concern transaction with Nexus or another party. The Company's goal would be to complete a sale by early January.In parallel with these efforts, the Company is preparing to commence going out of business ("GOB") sales at all remaining Big Lots store locations in the coming days to protect the
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December 20, 2024 @ 08:17 AM
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Ares Commercial Finance announced that it and other Ares Management credit funds have provided a $55 million senior secured revolving line of credit to Liquid Death (formally known as Supplying Demand, Inc). The Company, based in Los Angeles, California, is a premium beverage brand that sells better-for-you non-alcoholic beverages in infinitely recyclable cans. Liquid Death is known for its unique branding and entertainment-first marketing approach that has built it into the third most-followed
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December 16, 2024 @ 08:15 AM
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Great Plains Communications (GPC), a leading Midwestern telecommunications provider, announced the successful closing of $500 million in financing to refinance debt and fund future capital expenditures and expansion. Fifth Third Bank acted as the Lead Arranger and Administrative Agent for this transaction, demonstrating strong confidence in GPC’s strategic vision and operational excellence."This financing highlights the strength of our business model and our steadfast focus on delivering fast
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December 23, 2024 @ 08:45 AM
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The TCW Group and Nippon Life Insurance Company announced that Nippon Life intends to commit up to $3.25 billion in additional anchor capital to TCW alternative credit strategies and increase its minority ownership stake in TCW in the future. The expansion of the partnership will support TCW in launching new alternative credit capabilities, cement TCW’s position as a leading advisor to insurance companies globally, and accelerate TCW’s long-term strategic growth plan.Katie Koch, President and
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December 13, 2024 @ 08:10 AM
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Gordon Brothers in a joint venture with Hilco Consumer - Retail and Tiger Capital Group, began store closing sales at all 869 Big Lots locations.The U.S. closeout retailer is offering up to 25% off original prices on all merchandise and 50% off a great selection of Christmas and harvest offerings. Stores are fully stocked with an outstanding variety of toys, home décor, furniture, apparel and more.“New arrivals in seasonal merchandise are on sale just in time for customers to buy gifts that are
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December 24, 2024 @ 08:10 AM
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