Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that on May 7, 2020, it signed a term loan facility with Nordea Bank Abp, filial i Norge (the “Lender”), through eight wholly-owned subsidiaries (the “Borrowers”), in the amount of US$55.848 million, to refinance its existing loan with the Lender of the same balance, so as to extend the repayment of the loan by two more years until March 2022.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced the formation of its Transactions & Turnaround Advisory practice, integrating the firm’s transactional, restructuring and dispute resolution, valuation, and project finance advisory services under one umbrella. Claudine Cohen, a seasoned transaction advisor, will lead the new group as Managing Principal.

The plan will de-lever the balance sheet, provide $75 million in debtor-in-possession financing, allow use of cash on hand to continue operations during reorganization, and provide $100 million of new equity capital upon emergence to strengthen the company's financial position for long-term success.

Neon, distributor of multi-Oscar winning and Best Picture Parasite, has inked a revolving credit facility with MUFG Union Bank. Tom Quinn, Jessica Nickelsberg, Jeff Deutchman, and Jim Wehrfritz negotiated the deal on behalf of Neon along with MUFG Director Matt Rosenberg and Managing Director Tony Beaudoin. Neon is repped by Sidley Austin and MUFG Union Bank by Akin Gump Strauss Hauer & Feld LLP.

The Company also replaced its cash flow revolver with a new asset-based credit facility (the “ABL Facility”) with aggregate commitments of $800 million. Deutsche Bank AG New York Branch is Administrative Agent for the ABL Facility. Availability under the ABL Facility is subject to a borrowing base calculation generally based upon a set percentage of eligible accounts receivable and inventory, less customary reserves.

CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance unit served as the sole lead arranger on a $21 million acquisition financing for a portfolio of medical facilities in Texas. Ridgeline Capital Partners acquired nine medical properties containing approximately 100,000 square feet in the Dallas-Fort Worth area. Affiliates of U.S. Renal Care, a leading dialysis provider, serve as primary tenants for the facilities, which also house other healthcare services.

Middle-market loan default rates are likely to soar in the second half of the year as business shutdowns due to the coronavirus pandemic take their toll, according to a survey released Wednesday by Carl Marks Advisors.

The outbreak of COVID-19 is both benefiting and challenging the U.S. healthcare industry in ways that will continue to evolve in the coming quarters, according to the Global Healthcare team at Mitsubishi UFJ Financial Group (MUFG). The team issued its perspective on the heels of a wave of first-quarter earnings reports published by major U.S. pharmaceutical companies.

Vincent has 16 years of CLO and structured credit investment experience. He was most recently the Portfolio Manager for structured product investments and Managing Director at Assurant Investment Management, where he also was responsible for structuring in Assurant’s CLO management platform.

Intelsat has secured a commitment for $1 billion of new financing. Subject to Court approval, this debtor-in-possession financing, coupled with significant cash on hand and positive cash flow generated by the business, will provide ample liquidity during the restructuring process to support ongoing operations, fund the substantial upfront C-band clearing costs, and allow the Company to continue investing in the innovations and services that customers need today and in the future.

Giles is an exceptional banking executive and brings more than 30 years of experience in commercial and consumer banking, strategic leadership, team building and delivering client satisfaction to the Wisconsin Bank & Trust team. Giles recently held the positions of Chairman of the Board, President and CEO of Liberty Bancorp, Inc. and BankLiberty, both headquartered in Kansas City, MO. Giles holds a Bachelor of Science Degree in Finance and a Master of Business Administration from University of Missouri.

The report from ACG-NY and Chief Outsiders shows the pulse of Private Equity thinking as we enter May and states begin to allow businesses to reopen

Cathay Capital Private Equity ("Cathay Capital" or "Cathay"), a leading international investment platform focused on cross-border investment and committed to supporting the international expansion of middle-market companies in North America, Europe and China has raised $850 million for its private equity fund, Midcap II. Founded in 2007, with offices in the U.S., Europe and China, Cathay Capital has completed over 140 buyouts, growth and venture capital investments. Midcap II represents Cathay Capital's largest fund to date and an increase of $325 million over its Midcap I fund, which closed in 2014.

House Democrats unveiled a massive $3-trillion virus-relief bill Tuesday, combining aid to state and local governments with direct cash payments, expanded unemployment insurance and food stamp spending as well as funds for voting by mail and the U.S. Postal Service. A vote is likely on Friday.

Espresso Capital announced today that it has provided Inference Solutions, a global provider of Intelligent Virtual Agents, with a US$8 million credit facility. The San Francisco-based company will use the capital to achieve key milestones prior to initiating another fundraise later this year.

BofA Securities and Mediobanca - Banca di Credito Finanziario S.p.A. acted as IGT's Global Coordinators with respect to the Amendments.

TAB Bank is pleased to announce it has provided a $4 million revolving credit facility for a transportation company based in Arizona. The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs for the company.

An M&A slowdown during the pandemic hasn't stalled demand for well-connected dealmakers, especially for law firms serving the private equity industry. Katherine Krause, a managing director in Goldman Sachs’ legal department, is joining Simpson Thacher & Bartlett as a partner in its mergers and acquisitions practice in New York, the firm said Tuesday.

Axiom Bank, N.A., a Maitland-based, leading community bank, recently named Richard Jensen as SVP, commercial relationship manager in Tampa. In this role, Jensen will develop and manage relationships with Axiom’s commercial clients. Jensen has three decades of experience helping Tampa-area business owners with their banking needs. As a member of the Florida Commercial Brokers Network, he has built strong relationships with a variety of commercial real estate clients and operating companies.

Hilco team will operate the asset financing and fleet management company as it restructures and prepares the truck leasing and fleet services business for post pandemic success.