CVC Credit Partners (CVC Credit) has provided a GBP37.5 million first lien credit facility to Nurse Plus, a healthcare services business backed by Sovereign Capital Partners. The new funding has been fully underwritten by CVC Credit and will be used to refinance the company’s existing debt facility and to support the business’s ongoing growth strategy

In the wake of several private treaty bulk sales and an initial single-facility auction, Tiger Group will be conducting online auctions in December for the remaining $7 million in inventories plus other assets from two East Coast facilities operated by American Medical Depot (AMD), a major distributor of medical equipment and supplies that is now winding down its business.

Espresso Capital announced today that it has provided Zype, a leader in video content management and distribution software, with a $7.5 million credit facility. The company will use the funds to accelerate its go-to-market strategy as it looks to grow its business and meet key corporate goals.

Guitar Center Inc, the largest U.S. retailer of music instruments and equipment, filed for Chapter 11 bankruptcy on Saturday, as music lovers moved their shopping online during the coronavirus pandemic. Milbank LLP served as legal counsel, BRG served as restructuring advisor, and Houlihan Lokey was financial advisor to the company.

A heavy haul transportation company in Texas has chosen TAB Bank for a $3.5 million asset-based revolving credit facility. The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company. The company specializes in hauling large cranes and excavation equipment.

Brightwood Capital Advisors, a leading private credit firm, today announced the appointment of William W. Archer as Chief Credit Officer, a position he previously held from 2013 to 2015. In this role, he will oversee Brightwood's existing portfolio, as well as play an important role in the firm's analysis of new investments. Mr. Archer brings more than 40 years of credit experience to the team and will be based in New York.

Pike Street Capital, LLC, (“Pike Street”), a Seattle-based private equity firm, has announced the closing of Pike Street Capital Partners (the “Fund”), a $237 million fund that will focus on control investments in industrial technology businesses. Fund investors include leading institutional limited partners, such as endowments, insurance companies, fund of funds, and family offices along with strategic operating executives. The Fund was over-subscribed to its original $200 million target.

Mark Okada, Jack Yang and Trey Parker, industry veterans and innovators in alternative credit investing, today announced the launch of Sycamore Tree Capital Partners (Sycamore Tree) – an asset manager specializing in private and alternative credit. Mark Okada will serve as Chief Executive Officer, Jack Yang will serve as President and Head of Business Development, and Trey Parker will serve as Chief Investment Officer. John Muse and Ken Hersh are strategic investors in the firm’s initial fund launches and will also serve on the management company advisory board to help shape long-term strategy.

SSG Capital Advisors is pleased to announce that Teresa C. Kohl will be inducted as a Fellow in the 32nd Class of the American College of Bankruptcy. Kohl is one of 37 new Fellows, insolvency professionals who are being honored and recognized for their professional excellence and their exceptional contributions to the bankruptcy and insolvency practice. The Induction Ceremony will be held on Friday, March 19, 2021, in Washington, D.C.

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that Tom Goldrick has joined the firm’s Transaction Advisory Services practice as a Managing Director and Head of M&A Tax Services. He is based in Chicago.

Landlords need to keep the doors open at important stores—and avoid triggering escape clauses in other retailers’ leases, advises Bradley W. Snyder in webinar from Insolvency Insider.

Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending and purchase order financing firm in the U.S., today announced the completion of a $6 million asset based lending deal for a family-owned pawn business and jewelry, metal and accessories retailer.

Timeliness was vital for Spokane Industries, an international manufacturer with a nearly 60-year history. As a second-generation, family-owned and operated company, Spokane Industries sought a financing partner that understood their distinct growth needs, could move fast, and offer greater liquidity.

J D Factors announced it provided the following factoring facilities: $150,000 to a transportation company in Illinois; $250,000 to a transportation company in Alberta; $400,000 to a transportation company in Illinois; $200,000 to a transportation company in Texas...

In the attached letter to the Federal Reserve, Treasury Secretary Steven Mnuchin declined to extend programs established under the CARES Act, including the Main Street Lending Program. Mnuchin also asks Chairman Jerome Powell for the return $455 billion in unused funds to the Treasury. The programs are set to expire on December 31, 2020.

FTS International, Inc. (NYSE American: FTSI) (“FTSI” or the “Company”) today announced that it has successfully completed its fully consensual financial restructuring and has emerged from Chapter 11. Upon emergence, FTSI expects to have approximately $90 million cash on hand and has entered into a new $40 million asset-based revolving credit facility with Wells Fargo Bank, N.A., as administrative agent and lender, to support working capital needs.

Liberty Commercial Finance, a leading independent equipment lease and finance company, announced today that it has closed a new senior lending facility with Texas Capital Bank to further expand its direct funding capabilities. This new facility comes shortly after Copley Equity Partners’ previously announced equity investment in Liberty. The size of the facility was not disclosed.

Oakworth Capital Bank recently added Glenn Shorey as Managing Director, Commercial Banking for the Middle Tennessee market. "Glenn's extensive commercial banking experience and client focused approach is perfectly in line with Oakworth's strategy to serve the Middle Tennessee market with quality associates who are dedicated to our clients." said Greer Redden, Market Leader.

Encina Business Credit, LLC announced today that it has provided an $80 million senior secured revolving credit facility to a leading global provider of Business Process Services. The senior secured revolving line of credit, which is collateralized by accounts receivable, was used to finance ongoing working capital financing.

Tech Capital, LLC, the asset-based finance company and wholly owned subsidiary of Tech CU, announced today it has provided a $10 million asset-based revolving line of credit to Taronis Fuels, Inc., a publicly traded company based in Peoria, Arizona and a global producer of renewable and socially responsible fuels. The loan will support Taronis Fuels’ expansion and development. The loan represents Tech Capital’s continued focus on providing innovative, customer-centered solutions to growing companies across the United States and is one of Tech Capital’s largest loans to date.