Today’s News

    Deutsche Bank Hires Rose as Head of Metals and Mining Americas

    Deutsche Bank hired Jonathan Rose as managing director and head of Metals and Mining Americas within its Industrials team.

    WFCF, GACP Agent $340MM DIP for Sears Canada

    Sears Canada has been granted an order from the Ontario Superior Court of Justice under the Companies’ Creditors Arrangement Act. Wells Fargo Capital Finance, as agent on behalf of ABL lenders, and GACP Finance, as agent on behalf of term loan lenders, will provide C$450 million ($340 million) DIP financing.

    Crestmark Promotes Caraway, Kitter and Purnell to Officer Roles

    Crestmark promoted Kyle Caraway to officer, debtor credit analyst; Angela Kitter to senior client analyst, operations officer and Caitlin Purnell to senior client analyst, operations officer.

    Jeffries, J. P. Morgan Arrange New $500MM Term Loan for Int’l Seaways

    International Seaways closed on a new $500 million term loan and a $50 million revolving credit facility. Jeffries Finance and J.P. Morgan were joint lead arrangers for the term loan. Skandinaviska Enskilda Banken provided the revolver.

    Roy Joins Ankura Consulting as Managing Director

    Ankura Consulting appointed Ryan M. Roy as a managing director in the Turnaround & Restructuring group, based in New York.

    Triangle Capital Provides $20MM Facility for Schweiger Dermatology

    Schweiger Dermatology has secured a $20 million debt facility from Triangle Capital to help fund and support its growth.

    Renasant BC Adds Mobley as Senior Relationship Manager

    Renasant Business Credit added Brian Mobley as a senior relationship manager based in the Charlotte, NC area.

    Goldman Sachs Upsizes Newtek Term Loan by $12MM

    Goldman Sachs increased its commitments under a term loan facility for portfolio companies of Newtek Business Services by $12 million for a total of $50 million.

    A&M Adds Burrows to Private Equity Performance Improvement Practice

    Alvarez & Marsal added seasoned retail transformation leader Kristin Kohler Burrows as a senior director in its Private Equity Performance Improvement practice in New York.

    Wells Fargo Lowers Six Flags’ Borrowing Rates

    Six Flags Entertainment’s lenders reduced the borrowing rate on the company’s $545 million term loan B credit facility, saving the company approximately $1.4 million annually in interest costs. Wells Fargo was administrative agent for the lenders.