New York-based executive has extensive experience in guiding the real estate decisions of clients in retail, multifamily, hospitality, healthcare, warehouse/industrial, and other sectors during bankruptcies and restructurings.

Hilco Global has issued a timely and relevant report on the unprecedented circumstances facing businesses and how they should adjust their existing, predictive forecasting models and the steps they should be following to ensure their own success in the current crisis environment.

The rapidly rising number of coronavirus (COVID-19) cases in the US has caused an economic slowdown in the country, which has resulted in the number and value of expected transactions being significantly reduced - largely due to a substantial fall in cash transactions, says GlobalData, a leading data and analytics company.

The COVID-19 crises recently prompted the passage of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) which, in part, includes changes to the Bankruptcy Code of which financial institutions should be made aware concerning existing debtors, consumers, and small businesses facing financial distress.

Coordinating Mandated Lead Arrangers and Bookrunners are Commerzbank, Danske Bank and ING Bank. Mandated Lead Arrangers and Bookrunners are: Banco Bilbao Vizcaya Argentaria, Citigroup, Commerzbank, Crédit Industriel et Commercial, Danske Bank, ING Bank, KBC Bank, SEB and UniCredit.

The bank confirmed that it has received applications from 177,000 small businesses for a total of $32.6 billion in financing. The current Bank of America numbers are its applications and do not represent the sums the Small Business Administration has approved.

Global law firm Greenberg Traurig, LLP continues the strategic expansion of its world-class Restructuring & Bankruptcy Practice with the addition of Peggy Hunt and Annette Jarvis in Denver as shareholders. Jason S. DelMonico also joins as a corporate shareholder in Boston and will continue to focus a significant portion of his practice on restructuring, loan workouts and bankruptcy finance matters, in addition to corporate finance generally.

Total commercial chapter 11 bankruptcy filings for the first calendar quarter of 2020 increased 14 percent from the same period last year, according to data provided by Epiq Systems, Inc. The 1,709 total commercial chapter 11s from January 1 through March 31, 2020, increased from the 1,500 total commercial chapter 11s during the same period in 2019. Total overall commercial bankruptcy filings also increased in the first quarter of 2020, as the 9,817 during the first three months of 2020 marked a 4 percent increase over the 9,481 total commercial filings over the same period in 2019.

Platte River Equity ("Platte River") announced today that Brian Klaban has joined the firm as Director of Business Development and Debt Capital Markets. In this position, he will lead Platte River's sourcing, marketing and business development efforts as well as support the broader investment team on debt financings.

Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, announced today that it has entered into a new five-year Amended and Restated Credit Agreement, maturing April 2025, arranged by Bank of America, with a syndicate of lenders consisting of Bank of America, Wells Fargo Bank, Regions Bank, BBVA USA, AgCountry Farm Credit Services, and Sterling National Bank.

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Sean Murphy has joined its Financial and Valuation Advisory business to lead its Transaction Advisory Services practice. He is based in Dallas. Mr. Murphy joins following more than two decades at KPMG, where he was a Principal in the firm’s Deal Advisory group with oversight of both global and domestic transaction-related engagements in connection with mergers, acquisitions, and dispositions.

Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $2,400,000 medical accounts receivable financing facility with a Management Service Organization (“MSO”) in California.

Nona Lim headquartered in Oakland, CA, is a manufacturer of Asian comfort foods made with clean, non-GMO ingredients. The company was founded in 2014 to help bring healthy, slow-simmered bone broths with healing Asian herbs and fresh rice noodles to North American consumers.

SFNet, in alignment with the International Factoring Association and Equipment Leasing and Finance Association has petitioned the Small Business Administration and Department of the Treasury to amend its Interim Final Rule prohibiting financial services companies from participating in the Paycheck Protection Program under the CARES Act.

The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act). This document will be updated on a regular basis.

Business Capital (BizCap®), a leading commercial finance and advisory firm, is expanding its team with the addition of Matt Christensen as senior vice president, team lead. He will play a central role assisting the capital markets and credit teams in expanding coverage and service to clients, working with partners to structure and deploy commercial financing and restructuring solutions for small to mid-sized businesses, as well as helping to build and manage the firm’s deep network of relationships.

SG Credit Partners (“SGCP”) announced today the hiring of John Todd (“JT”) as a managing director in Chicago, IL. In this role, JT will lead SGCP’s Midwest coverage efforts and will be responsible for originating and closing structured cash flow, technology/recurring revenue, and special situation credit facilities

Wingspire Capital Holdings (“Wingspire” or the “Firm”) today announced that David Phillips has joined the Firm as Managing Director in the Atlanta office. In this role, Mr. Phillips will be responsible for business development activities in the Southeast and Texas. Mr. Phillips brings to Wingspire over three decades of origination and business development experience in asset-based lending.

Tengram Capital Partners (“Tengram”) announced today that it has closed on the acquisition of the hair care and skin cleansing business of High Ridge Brands Co. (“High Ridge” or the “Company”), establishing a new platform investment for Tengram in a consumer-focused hair and skin category. Tengram partnered with Hilco, Inc., an affiliate of Hilco Global to acquire the Company.

PJ SOLOMON served as financial advisor to Save A Lot, FTI Consulting served as restructuring advisor and Latham & Watkins LLP served as legal counsel. Halsey Lane Holdings, LLC served as an advisor to the Board of Directors of Save A Lot. Alix Partners served as restructuring advisor to Save A Lot’s term loan lenders, and Davis Polk & Wardwell LLP served as legal counsel.