ABL Advisor News

Lampert Makes 11th-Hour Bid to Save Sears as Liquidation Teams Assemble With the clock ticking down on a deadline to make a bid to save storied retailer Sears from liquidation, Sears Holdings Chairman Eddie Lampert made an offer on Friday to buy the company out of bankruptcy for $4.4 billion and keep more than 400 retail… Read Story Filed Under: Retail January 02, 2019 @ 08:00 AM Goldman Sachs Closes $200MM Refi for Phoenix Tower International Phoenix Tower International (PTI) announced it has closed a $200 million senior secured credit facility with Goldman Sachs Specialty Lending Group to continue its growth in the United States.“This latest refinancing gives us a well-capitalized… Read Story Filed Under: Communications January 02, 2019 @ 07:44 AM Analysts Warn of Rising Pressure Points in Global Debt Global leverage has been rising as a share of GDP over the past decade causing growing concern among analysts, according to a new report from Moody’s Analytics. Though global financial conditions remain largely accommodative, debt servicing costs… Read Story Filed Under: Economic Commentary January 02, 2019 @ 07:42 AM Credit Managers’ Index Ends 2018 on Sour Note Despite this being the holiday season, the Credit Managers’ Index (CMI) was not as generous as credit professionals had hoped, ending a solid 2018 on a sour note. Credit professionals reported a large drop off in the combined favorable factors, with… Read Story Filed Under: Economic Commentary January 02, 2019 @ 07:10 AM TCF National Bank Closes $10MM Revolver for Global Self Storage Global Self Storage, Inc., a real estate investment trust (REIT) that owns and operates self storage properties, has entered into a revolving credit facility with TCF National Bank for a principal amount of up to $10 million. The revolving credit… Read Story Filed Under: Real Estate January 02, 2019 @ 07:00 AM Retraction of Published News Story on ABL Advisor On December 27, 218 ABL Advisor erroneously published a news story involving the firm LIG Assets, Inc. that was originally published in 2013. The information is now outdated. We make every effort to verify the information we receive prior to… Read Story Filed Under: Industry News December 28, 2018 @ 02:00 PM Clock Winds Down on Sears as Lampert Proposal Reaches Deadline The iconic 125-year old retailer Sears may have less than 24 hour to survive before creditors opt to liquidate the storied firm, which filed for bankruptcy in October, according to published reports. Despite receiving $300 million in debtor in… Read Story Filed Under: Retail December 28, 2018 @ 08:53 AM Feasibility Study Finds Public Cannabis Bank Too Risky for California The establishment of a public cannabis bank in California would pose too great of a legal and financial risk to the State, according to a new independent report commissioned by the Cannabis Banking Working Group (CBWG), chaired by California State… Read Story Filed Under: Cannabis December 28, 2018 @ 08:49 AM Citizens Bank Agents up to $265.2MM in Expanded Credit Facilities for ANI Pharmaceuticals ANI Pharmaceuticals, Inc. announced that it has entered an amended and restated five-year Senior Secured Credit Facility for up to $265.2 million with its existing syndicate of bank lenders. The Facility amends ANI’s current $125 million Senior… Read Story Filed Under: Pharmaceuticals December 28, 2018 @ 08:32 AM WFCF, Citizens Business Capital Close up to $275MM Revolver with Wabash National Wabash National Corporation entered into a Second Amended and Restated Credit Agreement, among the Company, certain of its subsidiaries as borrowers, the lenders from time to time party thereto, Wells Fargo Capital Finance, LLC, as the administrative… Read Story Filed Under: Transportation December 28, 2018 @ 08:07 AM

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