AlixPartners, announced today that Peter D. Fitzsimmons has rejoined the company as a Managing Director. Peter has more than 30 years’ experience in client-focused leadership roles with companies of all sizes and across a wide range of industries. He has worked as a hands-on advisor, an interim C-level executive, and, most recently, as a private equity investor. Peter will be based in AlixPartners’ New York office.

Kirkland & Ellis LLP is serving as legal counsel to the Company, Lazard Ltd. is serving as the Company's investment banker, and Berkeley Research Group is serving as the Company's financial advisor. The Extended Term Loan Lenders are represented by Wachtell, Lipton, Rosen & Katz as legal counsel and Ducera Partners LLC as investment banker. The Noteholders are represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP as legal counsel and Houlihan Lokey as investment banker.

Armstrong Teasdale is proud to announce the addition of Partner Jeffrey Wurst to its Bankruptcy and Financial Restructuring practice in New York City. Wurst has more than 30 years of experience and is well recognized for handling significant commercial finance and bankruptcy matters. He is one of over 45 attorneys and staff the firm has added to-date in 2020.

The number of mergers and acquisition (M&A) deals in North America consistently declined during the first quarter (Q1) of 2020, from 1,178 in January to 1,024 in February and 820 in March, according to GlobalData, a leading data and analytics company.

Sierra Income Corporation (“Sierra” or the “Company”) today announced that effective as of May 1, 2020 its Board of Directors has terminated its previously announced mergers with Medley Capital Corporation (“MCC”) and Medley Management Inc. (“MDLY”) as the Outside Date (as defined below) has passed and neither of the mergers were consummated.

TAB Bank is pleased to announce it has provided a $4 million rediscount credit facility for a finance company based in Texas. The new facility is extended through a multi-year agreement and will provide increased liquidity for the company.

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.

Apparel, accessories and footwear are riskier assets to finance, liquidation firm Tiger Capital Group finds.

Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) provides an update on discussions with its senior lenders to amend the financial covenants contained in its US$150 million credit facility (the “Credit Facility”) (refer to Fortuna news release dated April 2, 2020).

Tenneco (NYSE: TEN) announced today that its senior lenders have agreed to amend the financial covenant ratios of its senior secured credit facility, significantly increasing the maximum leverage ratio and decreasing the minimum interest coverage ratio requirements in the company's senior credit facility. The revised covenant amendments are expected to help the company manage through the anticipated temporary drop in revenue and earnings related to the COVID-19 pandemic while maintaining compliance with senior credit facility terms.

Participating lenders in the credit facility include Barclays Bank PLC, Regions Capital Markets, Citibank N.A., US Bank National Association, Wells Fargo Bank National Association, Bank of America N.A., Citizens Bank N.A. and BMO Harris Bank N.A.

The iconic company struggled for years with debt and brand missteps. Now it may be a harbinger of what's to come for distressed retailers.

On April 30, 2020, the Federal Reserve announced that it is expanding eligibility to participate in the Federal Reserve’s Paycheck Protection Program Liquidity Facility (the “PPPLF”) to all lenders eligible to originate Paycheck Protection Program loans.[1] The PPPLF permits eligible PPP lenders to pledge PPP loan notes to the Federal Reserve in exchange for a low interest, non-recourse loan from the Federal Reserve in the amount of the pledged PPP loan note.

Solar Capital Partners ("SCP") announces the addition of four senior professionals to expand SCP's investment and business development capabilities. Gary Lembo joined the investment team as a Partner, senior underwriter, and originator. Mr. Lembo has 25 years of experience originating and underwriting investments in middle market companies. Most recently, Mr. Lembo was a Director at BlackRock/TCP. Previously, Mr. Lembo served as a Managing Director at CRG Partners and Marathon Asset Management, LP.

Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced that it has entered into a strategic financing arrangement (the “Agreement”) with Koch Real Estate Investments, LLC (“Koch”), an affiliate of Koch Industries, under which Koch will provide the Company with approximately $206.4 million in senior secured financing (the “Koch Facility”) to fund transitional and land loans. The Company also announced the completion of a private CLO with Goldman Sachs Bank USA (“Goldman”), which generated $310.2 million of gross proceeds to Ladder.

Walker & Dunlop, Inc. announced today that it closed the largest transaction in company history; a $2.4 billion Fannie Mae Credit Facility to refinance 67 multifamily properties located in the Washington, D.C. metropolitan area. The borrower, Southern Management Corporation, is the largest privately-owned residential property-management company in the Mid-Atlantic region.

Succession Resource Group, Inc. is a succession consulting firm specialized in helping financial professionals value, protect, merge/acquire, and develop exit strategies for their business. With decades of combined industry experience, SRG possesses a unique combination of skills, resources, and expertise to help advisors understand the value of their business, develop strategies to improve that value, protect it with comprehensive contingency and succession plans, and grow through acquisition.

Producing state of the art tilt sensors for both the military and commercial marketplaces. Spectron tilt sensors have been designed into most of the worlds jet aircraft, both fixed and rotary wing which also provides gravity reference for torpedoes, missiles, land navigation, ship antennas, microwave landing systems, and a host of other applications.

InterNex Capital announced that it surpassed $500 million in client fundings after launching to the market just over three years ago. “This momentous milestone is a testament to the value we are bringing to small and medium-sized businesses across the United States. We started InterNex because we knew these underserved businesses needed more than just money. They want technology that makes running their businesses and accessing capital easier.

Huntington Business Credit announced it closed new $22,500,000 credit facilities with Watkins Incorporated on March 13, 2020. Proceeds of the facilities were used to refinance existing debt and provide ongoing working capital growth financing.