Bank of America acted as sole Lead Arranger for the ABL Facility and Pathlight Capital acted as sole Lead Arranger for the Term Loan. Jefferies LLC acted as a financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Armstrong Flooring.

Goldgroup Mining Inc. ("Goldgroup" or the "Company") (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) is pleased to announce that it has signed an indicative term sheet (the "Term Sheet") in respect of a secured loan facility (the "Facility") with Accendo Banco S.A., Multiple Banking Institution (the "Lender"), in the amount of USD$3,000,000 (the "Facility Amount").

Gordon Brothers, the global advisory, restructuring, and investment firm, announced today that Cindi Giglio has joined its legal function as Associate General Counsel, with primary responsibility for Retail and Commercial & Industrial transactions in North America. Meanwhile, Corporate Counsel Ben Olushola takes on an expanded role as Associate General Counsel for the enterprise, and continues to serve as lead counsel for Gordon Brothers’ International business from his current base in London.

Cavotec has during the past months conducted a competitive process to procure a new long term credit facility, resulting in competing bids involving several bank consortia. After careful evaluation Cavotec has chosen a consortium led by Credit Suisse to provide a five-year credit facility as it offered the most competitive overall services and terms.

Despegar.com, Corp. (NYSE: DESP), (“Despegar” or the “Company”) the leading online travel company in Latin America, today announced that it has signed a $40 million committed revolving credit facility (the “Facility”) with Citibank. The Facility has a 1-year term, renewable for an additional six months if certain financial covenants are met. This financing provides Despegar with additional financial flexibility with funds expected to be used for general corporate purposes.

Ares Management Corporation (“Ares”) (NYSE:ARES) announced today that it is serving as the lead arranger for a £1.875 billion financing commitment to The Ardonagh Group (“Ardonagh”), the U.K.’s largest independent insurance broker, through Ares’ global direct lending platform. Ardonagh is majority owned by HPS Investment Partners ("HPS") and Madison Dearborn Partners. In addition to direct lending funds managed by Ares, other significant lenders include Caisse de dépôt et placement du Québec (“CDPQ”), HPS and KKR.

Ann Taylor’s debt-laden owner seems to be taking a page from Penney’s path to bankruptcy. Executive retention bonus payouts appear to be the newest clue that portends a potential bankruptcy filing, with Ascena Retail Group the latest fashion firm that may be headed in that direction.

Sallyport Commercial Finance arranges a $2,000,000 accounts receivable facility including a $500,000 cash flow loan to a company that provides due diligence and document management solutions.

Acquisition enhances B. Riley platform and expands financial advisory consulting services and capabilities. Alderney’s team of experienced crisis and turnaround advisors join B. Riley’s GlassRatner affiliate.

Certain funds managed by Lapis Advisers, LP and Amundi Pioneer Asset Management, Inc., filed a chapter 11 plan of reorganization in US Bankruptcy Court for the Northern District of Illinois, Eastern Division to restructure the financially challenged Clare Oaks community. They laid out their restructuring plan (the Bondholders Plan) for the continued operation of Clare Oaks with minimal disruption to the residents.

Access Capital has structured a credit facility for $1.5 million for the California-based company truData Solutions, a data centric firm focused on partnering with clients in building analytics and data integration capabilities leveraged through Cloud solutions.

Athenex, Inc. (“Athenex” or the “Company”) (NASDAQ: ATNX), a global biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies for the treatment of cancer and related conditions, today announced that it has entered into a $225 million loan agreement with funds managed by Oaktree Capital Management, L.P. (“Oaktree”), a leading global investment firm (the “Agreement”).

There’s a set of rules in the world of CLOs designed to keep managers’ temptations in check, so that they don’t rush foolishly into overly risky assets. But in a strange twist sparked in part by the coronavirus pandemic, these regulations are suddenly handcuffing them as they try to fend off aggressive Wall Street hedge funds. Firms from Elliott Management Corp. to Oaktree Capital Management are increasingly profiting from restrictions on collateralized loan obligations that limit their participation in distressed situations. Some investors are even arranging deals that intentionally shift value away from the structures, according to market watchers.

Wirecard’s creditors are demanding more clarity from the company in return for the extension of almost $2 billion in financing after it breached terms on the loan, people familiar with the matter said. At least 15 commercial lenders, including Commerzbank AG and ABN Amro, are in negotiations about the steps to take after the German payments company said on Thursday it’s unable to release its annual report because it can’t locate 1.9 billion euros in cash ($2.1 billion), the people said.

Banks and borrowers are being forced to get creative on debt financings, putting in place sub-optimal structures in a bid to complete M&A transactions. A £4bn unfunded credit facility to back the US$38bn merger of the British businesses of Liberty Global and Telefonica; and a US$1.3bn club loan backing KKR’s acquisition of a 60% stake in US-based cosmetics maker Coty’s hair and nail care business were both innovative financings, designed to overcome the challenges that come with bringing such large deals to market during the Covid-19 pandemic.

SierraConstellation Partners, LLC (SCP), a national interim management and advisory firm to middle-market companies in transition, today announced the formation of a Senior Advisor Council to the firm. The Council will consist of experienced senior executives who have held C-level positions at firms in specific industries that have gone through restructurings, bankruptcies, and performance turnarounds. Each advisor will offer their unique expertise in a consulting capacity on SCP assignments in their respective industries.

BNP Paribas, ABN AMRO Capital USA LLC, MUFG Bank, Ltd., Societe Generale, Citibank, N.A., Coöperatieve Rabobank U.A., New York Branch, Credit Agricole Corporate and Investment Bank and Natixis, New York Branch served as Joint Lead Arrangers and Joint Bookrunners for the Facility. ING Capital LLC acted as Senior Managing Agent for the Facility. CCI is also pleased to welcome Credit Suisse (Switzerland) Ltd. and Wells Fargo Bank, N.A. as Senior Managing Agents in the Facility this year. BNP Paribas served as Global Coordinator and Administrative Agent for the Facility. Cadwalader, Wickersham & Taft LLP served as counsel to the lenders. Stroock & Stroock & Lavan LLP served as counsel to the borrower.

Tamarack Valley Energy ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce that our bank syndicated credit facility has been redetermined at $275 million, of which the company was drawn approximately $209 million as of June 18th, 2020. The Company has ample liquidity for the remainder of 2020 and expects to generate free adjusted funds flow1 over and above planned capital expenditures with a forecasted net debt to trailing annual adjusted funds flow ratio1 of less than 2x.

NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTCQB: NTTCF) ("NetCents" or the "Company"), a disruptive cryptocurrency payments technologies company, is pleased to announce that NetCents has received an institutional credit facility totaling 1.4 billion USD to power merchant settlements.

The U.S. Small Business Administration (SBA) and the U.S. Department of the Treasury have agreed with the bipartisan leaders of the U.S. Senate Small Business Committee to make public additional data regarding the Paycheck Protection Program (PPP). This agreement will ensure that the interests of both transparency and protections for small businesses are served.