Private equity firm Ares Management Corp. ARES.N on Monday named John Knox, the former head of Credit Suisse CSGN.S in Australia, as Chairman of its operations in the antipodean country and in New Zealand, the firm said in a statement.

When a UK-headquartered temporary healthcare staffing provider decided to open operations in the US, they tasked Fast AR Funding to keep up with demand. Shortly after setting up in the US, the domestic growth quickly outpaced expectations and the company found themselves with a cashflow gap to keep up with their growing payroll. The UK parent turned to Fast AR Funding to enable its US operations to become self-sufficient as they planned to expand in other countries as well. Fast AR Funding provided a $200,000 spot factoring solution with a high advance rate to support their growing payroll needs in 2020 and beyond.

Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it has closed its refinancing agreement with East West Bank (“EWB”). The refinancing significantly strengthens Enservco’s balance sheet by cutting its bank debt nearly in half and increasing shareholders’ equity by approximately $17.5 million.

Ironwood Funding, a leading operator in underwriting and financing the purchase of non-performing consumer loans, today announced it has secured an additional $40 million credit facility from funds and co-investment vehicles managed by Medalist Partners, a private credit and special opportunities investment manager based in New York.

Neiman Marcus Holding Company, Inc. (formerly the "Neiman Marcus Group LTD LLC") (the "Company") today announced it has emerged from voluntary Chapter 11 protection, successfully completing its restructuring process and implementing the Plan of Reorganization ("Plan") that was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division on September 4, 2020. The Company emerges with the full support of its creditors and new equity shareholders, now operating with a strengthened capital structure that eliminated more than $4 billion of existing debt and more than $200 million of cash interest expense annually, with no near-term maturities.

Dye & Durham Limited ("Dye & Durham" or the "Company") (TSX: DND), a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, announced today that it entered into a new credit agreement (the "Credit Agreement") that provides for a C$140.0 million revolving term loan facility with an additional uncommitted accordion of up to C$25.0 million, for an aggregate total availability of up to C$165.0 million.

G-Squared Partners, LLC announced today that Steve Economou has joined the firm as a Managing Director, M&A to establish an investment banking practice. The new practice – a natural extension of G-Squared’s outsourced CFO, finance, and accounting work – is dedicated to offering skilled investment banking services to middle market companies that are often underserved by national investment banking practices. The effort will focus on M&A advisory services, capital raising, recapitalizations, and evaluating strategic alternatives for these businesses.

Widespread upward revisions of US corporate sector-level post-lockdown recovery assumptions that would lead to mass rating actions post-2Q20 results are unlikely, given the cautious outlook on the pace of economic activity and sector fundamentals, says Fitch Ratings. Second-quarter results were indicative of the pandemic’s negative financial effect on issuers but surprised on the upside for some sectors, including Homebuilding, Building Materials, Auto & Related and pockets of Retailing. Results for most sectors, however, were relatively in line with Fitch’s expectations.

Paladin, a leading middle-market advisory firm driving value-creation through financial and operational consulting services, announced today that industry leaders, Lance Miller and Peter Richter, have joined the firm as Partners. Combining decades of experience, both Lance and Peter have guided numerous organizations through operational and financial restructurings that have resulted in improved profitability and increased stakeholder value.

QuadPay, which will use the facility to expand its buy now, pay later business to new merchants across the US, secured the line of credit through the Finitive private credit platform

Citizens Capital Markets, Inc. announced today that it served as financial advisor to Liberty Steel Products, Inc. in its divestiture of Welded Tubes, Inc. (“WTI”) to Lock Joint Tube LLC, a subsidiary of Steel Warehouse Company, LLC. WTI’s President, Joe Frandanisa, the management team and the workforce will remain in place at WTI’s factory in Orwell, Ohio.

The New York bankruptcy, financial reorganisation and creditors’ rights division at Lowenstein Sandler has welcomed new senior legal counsel Brent Weisenberg. Brent Weisenberg brings in-house legal experience gained during three years in his most recent position as general counsel at Platinum Credit Management.

Vinson & Elkins LLP announced today that Paul E. Heath, an accomplished partner in the firm's Restructuring and Reorganization practice group, has relocated from Dallas to Houston.

J. Jill Inc. has just 10 days to get permission from the vast majority of its lenders for a deal that would extend the struggling retailer’s debt maturities, excuse it from financial covenants and give it fresh cash. The company said in a statement Tuesday that it plans to file for bankruptcy if it fails to get lenders holding 95 per cent of its term loans on board with the plan by Sept. 11. It’s struck a deal with lenders holding 70 per cent of the debt to extend certain debt maturities to 2024, grant a financial covenant holiday and provide for at least US$15 million of new cash in the form of a junior term loan.

Brighton Marine, a Veteran network community in Brighton, announced the official opening of a facility. The City of Boston is committed to connecting Boston's military families with the resources and assistance they are entitled to. In 2015, Mayor Walsh released "An Action Plan to End Veteran and Chronic Homelessness In Boston: 2015 - 2018", which outlines the City's strategies to transform Boston's homeless response system in order to end veterans homelessness by 2015 and chronic homelessness by 2018. Since the start of the plan the City has housed more than 1,291 veterans experiencing homelessness.

Winston & Strawn LLP is pleased to announce the addition of James T. Bentley, an experienced and respected bankruptcy and restructuring attorney, as a partner in the firm’s New York office. James has considerable experience in corporate restructurings, representing numerous constituencies in bankruptcy and out-of-court workouts. He has represented hedge funds, private equity funds, alternative asset managers, trustees, and other stakeholders in every aspect of the restructuring process. James has experience across a broad range of industry sectors, including retail, automotive, energy, healthcare, restaurants, radio and television, real estate, and securities.

WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of cannabis, is pleased to announce that it has entered into a binding term sheet for a credit facility (“Credit Facility”) with an affiliate of the LiUNA Pension Fund of Central and Eastern Canada (“LPF”). The $30 million Credit Facility, maturing in August 2022, will be used for general working capital purposes, capital expenditures and general corporate requirements, and will provide the Company with significant financial capacity to drive commercial initiatives during its next stage of growth.

Directed Capital, a national opportunistic real estate finance firm that acquires and strategically repositions commercial mortgage loans, today announced it has closed its tenth flagship fund, raising $92 million in equity commitments that will be deployed to purchase commercial real estate debt. The firm will seek to acquire more than $500 million in commercial mortgage loans, then work to successfully resolve the assets, creating value for the partnership, while also providing borrowers with the flexibility to work out their debt, and in many cases help to continue their business operations.

SB360 Capital Partners, one of North America’s leading asset disposition specialists, announced that it commenced store closing sales in an additional 23 Justice stores located in 13 states. Justice is a destination store for tween girls and the store closing sales in the 23 Justice stores will feature great deals on all products. Justice customers can expect initial discounts of up to 50% off the original price on a full selection of clothing, shoes, accessories, toys, and more.

Republic approved a scalable and non-dilutive growth orientated facility that provided availability on their account receivables. The natural food ingredient manufacturing company was looking to accelerate their growth across their products lines. Republic is a proud supporter of the natural food trade shows, including its regional associations.