Milbank LLP is serving as the Company's legal counsel, Greenhill & Co. is serving as its financial advisor and Alvarez & Marsal North America, LLC. is serving as restructuring advisor.

A restructuring advisory team led by CohnReznick principals Cynthia Romano and Chris Creger recently achieved a monumental success in the restructuring, workout and sale of Allentown, PA-based Coordinated Health (CH). The assets of CH were sold to Lehigh Valley Health Network (LVHN) through an out-of-court transaction that provides protection for more than 1,300 jobs, and preserves and bolsters a nationally ranked orthopedics program.

North Mill Capital is pleased to announce the funding of a $1,000,000 accounts receivable facility. North Mill provided additional working capital for the company in conjunction with the current lender. Master Packing & Rubber Company is a manufacturer and global supplier of sealing products serving the rail, marine and bio-fuel industries.

International law firm Dorsey & Whitney LLP is pleased to announce that Sativa Rasmussen has joined the Firm’s Seattle office as a lawyer in the Cannabis Practice Group.

First Eagle Alternative Credit, LLC today announced the final closing of its fourth middle-market direct lending fund, THL Credit Direct Lending Fund IV (“Fund IV”), with $782 million of available investment capacity including leverage.

Led by Tom Jennings, the team will focus on providing business owners in Southern California with BMO's industry expertise, innovative products and services, and local market knowledge.

In another signal of a changing landscape for American retailers, Macy's announced a massive restructuring that would involve shuttering 125 department stores, cutting 2,000 jobs and closing three corporate offices.

The Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization and leading provider of anti-fraud training and education, is pleased to award Dwight O. Clarke, of Hollywood, Florida, the globally preferred Certified Fraud Examiner (CFE) credential. In order to become a CFE, Clarke has met a stringent set of criteria and passed a rigorous exam administered by the ACFE.

Huntington Business Credit announced it closed a new $7,500,000 credit facility with International Control Services, Inc. on December 20, 2019. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital growth financing.

First Business Growth Funding reports a 103% increase in 2019 factoring volume over the prior year with a corresponding 85% increase in gross revenues. The group attributes the exponential growth to increased marketing activity, flexible transaction structuring, and superior client service.

Flexential Corp. ("Flexential"), a leading provider of data center colocation and hybrid IT solutions, today announced that its parent, Flexential Intermediate Corporation, issued $250 million of Senior Secured Notes due 2024. Flexential (created in August 2017 following the merger of Peak 10 and ViaWest) operates 40 highly redundant and connectivity-rich data centers spanning 21 markets.

Antares Capital Advisers LLC, a subsidiary of Antares Capital LP (together with its parent companies, “Antares” or the “Company”) announced the closing of Antares CLO 2019-2, Ltd., a $400 million collateralized loan obligation (CLO). The CLO represents the seventh CLO issued by Antares, bringing the company’s total CLO assets under management to approximately $6.9 billion.

SierraConstellation Partners, LLC (SCP), a national interim management and advisory firm to middle-market companies in transition, announced today the opening of an office in New York, N.Y. led by industry veteran David Bitterman as Managing Director, enhancing the firms’ national presence in the turnaround space.

Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced further expansion of its mergers & acquisitions group with the appointment of Christopher Parisi as Managing Director and Michael Gordon as Vice President.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Blake Kenny has joined the firm as Managing Director of Originations. Kenny will be based in Detroit and responsible for leading origination efforts in Michigan and Western Pennsylvania.

PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts, materials, chemicals, and services, announced today that its indirect, wholly owned subsidiary, PQ Corporation (the “Company”) has successfully secured commitments to amend its existing senior secured term loan facility (the “Amended Term Loan Facility”) in an aggregate principal amount of $947.5 million at a lower interest rate margin and with an extended maturity.

People's United Bank, N.A., a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), announced its Healthcare Finance Group provided a $15.5 million Credit Facility to Esplanade Capital LLC.

American Commercial Lines Inc. (together with certain of its affiliates, "the Company" or "ACL") today announced that it has entered into a Restructuring Support Agreement (the "RSA") with holders of a substantial majority of its term loan lenders on a "pre-packaged" plan to recapitalize the business and significantly reduce the Company's debt. Under the terms of the RSA, ACL will receive $200 million in new capital to support liquidity and investments in the business. In addition, the RSA provides for a reduction of funded debt by approximately $1 billion.

Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that funds managed by its Alternative Credit strategy have provided a $350 million revolving asset-backed credit facility secured by consumer loans to Southern Management Corporation (“Southern”), a portfolio company of Milestone Partners. The financing will repay Southern’s existing credit facility and support its acquisition of Heights Finance Corporation.

New five-year credit facility expected to provide significant incremental liquidity and financial flexibility through January 31, 2025. OceanArc Capital Partners LLC acted as the Company’s exclusive financial advisor for the transaction.