Legacy Corporate Lending closed a $19.4 million asset-based revolving line of credit for Olli Salumeria (“Olli”). The facility will be used to support the company’s growing operations and working capital needs. The deal, which is backed by accounts receivable, inventory, machinery and equipment, and intellectual property, was finalized in December 2024. Based in Oceanside, California, Olli is a leading supplier of salumi products. For over 170 years, Olli has used the skills passed down over
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January 06, 2025 @ 08:15 AM
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Gordon Brothers has sold the Laura Ashley® brand, archives and related intellectual property to Marquee Brands, the global brand accelerator.“This sale is a cornerstone moment for Gordon Brothers,” said Tobias Nanda, Head of Brands at Gordon Brothers. “We are thrilled with the huge success Laura Ashley experienced under our leadership and our work over the last four years to relaunch, reposition and expand the iconic British heritage brand globally.”After Gordon Brothers acquired the brand
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January 06, 2025 @ 08:12 AM
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Commercial chapter 11 filings increased 20 percent in calendar year 2024 to 7,879 from 6,583 filings the previous year, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Overall commercial filings increased 17 percent to 30,009 from the 25,731 registered the previous year. Small business subchapter V elections within chapter 11 also experienced a substantial increase in calendar year 2024, as the 2,381 filings represented a 32 percent increase from
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January 06, 2025 @ 08:05 AM
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Eclipse Business Capital provided a $265 million senior secured credit facility to a consumer products distributor. The credit facility is secured by accounts receivable and inventory. The transaction will refinance the Company’s existing credit facilities and provide additional liquidity to support ongoing working capital and letter of credit needs.
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January 06, 2025 @ 08:03 AM
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A&G Real Estate Partners, real estate advisor to Party City Holdco Inc., announced plans to auction 695 Party City store leases as the nearly 40-year-old celebrations retailer begins to wind down its operations. Going-out-of-business sales are now underway at those retail locations. The bid deadline and auction likely will be in early February. “This is a large and diverse store portfolio, with good real estate and a great many stores located in high-traffic shopping centers,” said Emilio
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January 06, 2025 @ 08:00 AM
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Clarus Capital closed a $30 million equipment lease facility for a sponsor-backed packaging company. Financing proceeds facilitated the acquisition of new injection molding and production assets acquired as part of a new, long-term contract with a large global retailer.Clarus CEO Steve O’Leary said, “Clarus is pleased to serve as a financial partner for this company and support a strategic opportunity for one of its longest tenured customers. These assets will provide the company with
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January 06, 2025 @ 07:55 AM
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Piper Sandler announced the addition of Paul Leece, Jeremi Martin and Daniel Allmomen to its energy, power & infrastructure investment banking group. These three strategic hires, along with additional junior bankers, highlight a further expansion into the infrastructure sector, which includes not only traditional and renewable energy but also extends into the tech and transportation sectors.“This is an exciting chapter for our global energy, power & infrastructure investment banking team. The
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January 06, 2025 @ 07:00 AM
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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
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January 03, 2025 @ 08:19 AM
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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
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January 03, 2025 @ 08:15 AM
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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
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January 03, 2025 @ 08:12 AM
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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
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January 03, 2025 @ 08:05 AM
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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
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January 03, 2025 @ 08:00 AM
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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
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January 03, 2025 @ 07:50 AM
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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
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January 02, 2025 @ 08:15 AM
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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
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January 02, 2025 @ 08:00 AM
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