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Davies Appoints Matt Button as Deputy Group CEO as Firm Invests for the Future and Unveils its Vision-2030 Strategy
January 6, 2025Davies, the leading specialist professional services and technology company serving insurance and highly regulated markets, today announced the appointment of Matt Button as Deputy Group Chief Executive Officer.
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Troutman Pepper Locke Officially Launches
January 6, 2025Troutman Pepper and Locke Lord have merged to form Troutman Pepper Locke LLP, a law firm with more than 1,600 attorneys across 33 offices in the United States and Europe.
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Pixie Dust Technologies Announces Debt Financing
January 6, 2025Pixie Dust Technologies, Inc. (the "Company"), a Japanese technology company focused on commercializing innovative products and materials utilizing proprietary wave control technology, today announced its new debt financing.
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NXT Capital Closes Senior Credit Facility in Support of Rainier Partners’ Investment in Welfare & Pension Administration Service
January 6, 2025NXT Capital announced today that it closed a senior credit facility in support of Rainier Partners’ investment in Welfare & Pension Administration Service. NXT Capital acted as Sole Lead Arranger, Sole Bookrunner, and Administrative Agent on this transaction.
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Eclipse Business Capital Provides $265 Million Senior Secured Credit Facility to Consumer Products Distributor
January 6, 2025Eclipse Business Capital LLC (“EBC”) announced that it has 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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Legacy Corporate Lending Provides $19.4 Million Asset-Based Credit Facility to Olli Salumeria
January 6, 2025Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced closing of a $19.4 million asset-based revolving line of credit for Olli Salumeria (“Olli”).
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O’Melveny Welcomes Back Experienced New York Capital Markets Lawyer David Ni
January 6, 2025O’Melveny announced today that experienced capital markets lawyer David Ni has rejoined the firm’s New York office as a partner in the Capital Markets Practice Group. His arrival bolsters the team’s East Coast capabilities and expands its nationwide roster of top-tier transactional advisors.
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Piper Sandler Hires Three Key Infrastructure Investment Bankers
January 6, 2025Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce 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.
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Commercial Chapter 11 Filings Increase 20 Percent in Calendar Year 2024
January 6, 2025Commercial 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.
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Grant Thornton in the US and Ireland Close Transformational Transaction; Create Global Multidisciplinary Platform
January 6, 2025Grant Thornton Advisors LLC in the US (Grant Thornton Advisors) and Grant Thornton Ireland have closed their previously announced transaction to create a global multidisciplinary platform providing audit, advisory and tax services to a growing international client base.
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J D Factors Provides $7,075,000 in new Factoring Facilities in December
January 6, 2025J D Factors provided $7,075,000 in new factoring facilities to 28 new clients in the US and Canada during the month of December. Some of these facilities include: a $150,000 factoring facility for an exhaust fan cleaning service company in Florida and a $3,000,000 factoring facility for a transportation company in Indiana.
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Aypa Power Secures $190 Million Financing for The Bypass Battery Storage Project in Texas
January 6, 2025Aypa 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.
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Biora Therapeutics Undertakes Chapter 11 Sale Process to Position Business for Future Growth
January 6, 2025Biora Therapeutics, Inc. (“Biora” or the “Company”), a biotech company developing smart pill-based therapeutic platforms, today announced it 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.
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Quest Resource Holding Corporation Announces Successful Completion of Debt Refinancing
January 6, 2025Quest Resource Holding Corporation (Nasdaq: QRHC) (“Quest” or the “Company”), a national leader in environmental waste and recycling services, today announced that the Company has successfully completed its refinancing process, and has amended its financing agreements with Monroe Capital Management Advisors, LLC (“Monroe”) and PNC Bank (“PNC”).
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Keycorp and Scotiabank Complete Strategic Minority Investment
January 6, 2025KeyCorp (NYSE: KEY) today announced that The Bank of Nova Scotia ("Scotiabank") has completed its purchase of KeyCorp's common stock with an investment of approximately $2.0 billion, as expected. With this investment, Scotiabank (TSX: BNS) (NYSE: BNS) now owns approximately 14.9% of KeyCorp's common stock.
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Allo Secures $100 Million in Debt Financing to Expand Bitcoin-Backed Lending Platform
January 6, 2025Allo.xyz, a platform for real-world asset (RWA) tokenization and lending, has successfully secured a $100 million Bitcoin-backed credit facility. This landmark credit facility will further enhance Allo's BTC-backed lending services, catering to institutional and individual participants eager to engage in the growing crypto lending market.
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Gordon Brothers Sells Laura Ashley
January 3, 2025Gordon Brothers, the global asset experts, has sold the Laura Ashley® brand, archives and related intellectual property to Marquee Brands, the global brand accelerator.
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A&G to Auction Remaining Party City Store Leases in Early February
January 3, 2025A&G Real Estate Partners, real estate advisor to Party City Holdco Inc. (“PCHI” or the “Company”), today 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.
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Arq Announces Successful Closing of $30 Million Revolving Credit Facility
January 3, 2025Arq, Inc. (NASDAQ: ARQ) (the "Company" or "Arq"), a producer of activated carbon and other environmentally efficient carbon products, today announced the successful closing of an asset-based revolving credit facility (the "Facility") with MidCap Financial, a leading commercial finance company focused on middle market transactions, ("MidCap Financial").
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Diamond Sports Group Emerges From Chapter 11 as Main Street Sports Group
January 3, 2025Diamond Sports Group announced today that it has 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.
-
Davies Appoints Matt Button as Deputy Group CEO as Firm Invests for the Future and Unveils its Vision-2030 Strategy
January 6, 2025Davies, the leading specialist professional services and technology company serving insurance and highly regulated markets, today announced the appointment of Matt Button as Deputy Group Chief Executive Officer.
-
Troutman Pepper Locke Officially Launches
January 6, 2025Troutman Pepper and Locke Lord have merged to form Troutman Pepper Locke LLP, a law firm with more than 1,600 attorneys across 33 offices in the United States and Europe.
-
Pixie Dust Technologies Announces Debt Financing
January 6, 2025Pixie Dust Technologies, Inc. (the "Company"), a Japanese technology company focused on commercializing innovative products and materials utilizing proprietary wave control technology, today announced its new debt financing.
-
NXT Capital Closes Senior Credit Facility in Support of Rainier Partners’ Investment in Welfare & Pension Administration Service
January 6, 2025NXT Capital announced today that it closed a senior credit facility in support of Rainier Partners’ investment in Welfare & Pension Administration Service. NXT Capital acted as Sole Lead Arranger, Sole Bookrunner, and Administrative Agent on this transaction.
-
Eclipse Business Capital Provides $265 Million Senior Secured Credit Facility to Consumer Products Distributor
January 6, 2025Eclipse Business Capital LLC (“EBC”) announced that it has 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.
-
Legacy Corporate Lending Provides $19.4 Million Asset-Based Credit Facility to Olli Salumeria
January 6, 2025Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced closing of a $19.4 million asset-based revolving line of credit for Olli Salumeria (“Olli”).
-
O’Melveny Welcomes Back Experienced New York Capital Markets Lawyer David Ni
January 6, 2025O’Melveny announced today that experienced capital markets lawyer David Ni has rejoined the firm’s New York office as a partner in the Capital Markets Practice Group. His arrival bolsters the team’s East Coast capabilities and expands its nationwide roster of top-tier transactional advisors.
-
Piper Sandler Hires Three Key Infrastructure Investment Bankers
January 6, 2025Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce 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.
-
Commercial Chapter 11 Filings Increase 20 Percent in Calendar Year 2024
January 6, 2025Commercial 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.
-
Grant Thornton in the US and Ireland Close Transformational Transaction; Create Global Multidisciplinary Platform
January 6, 2025Grant Thornton Advisors LLC in the US (Grant Thornton Advisors) and Grant Thornton Ireland have closed their previously announced transaction to create a global multidisciplinary platform providing audit, advisory and tax services to a growing international client base.
-
J D Factors Provides $7,075,000 in new Factoring Facilities in December
January 6, 2025J D Factors provided $7,075,000 in new factoring facilities to 28 new clients in the US and Canada during the month of December. Some of these facilities include: a $150,000 factoring facility for an exhaust fan cleaning service company in Florida and a $3,000,000 factoring facility for a transportation company in Indiana.
-
Aypa Power Secures $190 Million Financing for The Bypass Battery Storage Project in Texas
January 6, 2025Aypa 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.
-
Biora Therapeutics Undertakes Chapter 11 Sale Process to Position Business for Future Growth
January 6, 2025Biora Therapeutics, Inc. (“Biora” or the “Company”), a biotech company developing smart pill-based therapeutic platforms, today announced it 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.
-
Quest Resource Holding Corporation Announces Successful Completion of Debt Refinancing
January 6, 2025Quest Resource Holding Corporation (Nasdaq: QRHC) (“Quest” or the “Company”), a national leader in environmental waste and recycling services, today announced that the Company has successfully completed its refinancing process, and has amended its financing agreements with Monroe Capital Management Advisors, LLC (“Monroe”) and PNC Bank (“PNC”).
-
Keycorp and Scotiabank Complete Strategic Minority Investment
January 6, 2025KeyCorp (NYSE: KEY) today announced that The Bank of Nova Scotia ("Scotiabank") has completed its purchase of KeyCorp's common stock with an investment of approximately $2.0 billion, as expected. With this investment, Scotiabank (TSX: BNS) (NYSE: BNS) now owns approximately 14.9% of KeyCorp's common stock.
-
Allo Secures $100 Million in Debt Financing to Expand Bitcoin-Backed Lending Platform
January 6, 2025Allo.xyz, a platform for real-world asset (RWA) tokenization and lending, has successfully secured a $100 million Bitcoin-backed credit facility. This landmark credit facility will further enhance Allo's BTC-backed lending services, catering to institutional and individual participants eager to engage in the growing crypto lending market.
-
Gordon Brothers Sells Laura Ashley
January 3, 2025Gordon Brothers, the global asset experts, has sold the Laura Ashley® brand, archives and related intellectual property to Marquee Brands, the global brand accelerator.
-
A&G to Auction Remaining Party City Store Leases in Early February
January 3, 2025A&G Real Estate Partners, real estate advisor to Party City Holdco Inc. (“PCHI” or the “Company”), today 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.
-
Arq Announces Successful Closing of $30 Million Revolving Credit Facility
January 3, 2025Arq, Inc. (NASDAQ: ARQ) (the "Company" or "Arq"), a producer of activated carbon and other environmentally efficient carbon products, today announced the successful closing of an asset-based revolving credit facility (the "Facility") with MidCap Financial, a leading commercial finance company focused on middle market transactions, ("MidCap Financial").
-
Diamond Sports Group Emerges From Chapter 11 as Main Street Sports Group
January 3, 2025Diamond Sports Group announced today that it has 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.
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