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Tiger, SB360, Second Avenue Capital Provide $25MM Revolver to francescaâs
February 02, 2021, 08:35 AM
Francescaâs Holdings Corporation and Francescaâs Acquisition LLC, an affiliate of TerraMar Capital LLC, announced, after a fulsome auction and sale process under Section 363 of the United States Bankruptcy Code, that it completed the sale of substantially all of francescaâs® assets, including all inventory and the francescaâs® brand, to Francescaâs Acquisition LLC, Tiger Capital Group LLC (âTigerâ) and SB360 Capital Group, LLC (âSB360â).
francescaâs® will continue to serve its customers through at least 275 boutiques, its e-commerce channels and the Companyâs existing Houston, TX headquarters. The new francescaâs® business has firm financial footing, which includes a new $25 million asset based revo
Newmark to Acquire Assets of Knotel
Newmark Group, Inc. (Nasdaq: NMRK) ( Newmark ) today agreed to provide debtor-in-possession ( DIP ) financing to Knotel, Inc. ( Knotel ) and acquire Knotel s business through its Chapter 11 sales process. We look forward to supporting Knotel through this difficult period, said Newmark Chief Executive Officer Barry Gosin. We are providing capital to Knotel so it can right-size its business for the path forward. Newmark s commitment offers a path forward amidst this challenging climate, said Knotel Co-Founder and Chief Executive Officer Amol Sarva. We are optimistic that, through a successful restructuring, we can refocus on our mission of providing state-of-the-art, tailored flex space in key U.S. and international markets. We have engaged Hilco Real Estate, a real estate restructuring specialist, to assist Knotel.
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NEW YORK, Jan. 31, 2021 /PRNewswire/ Pomerantz LLP is investigating claims on behalf of investors of Covia Holdings Corporation (f/k/a Fairmount Santrol Holdings Inc.) ( Covia or the Company ) (NASDAQ: CVIAQ). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Covia and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On March 22, 2019, Covia disclosed receipt of a subpoena from the U.S. Securities and Exchange Commission ( SEC ) seeking information relating to certain value-added proppants marketed and sold by the Company. On this news, Covia s stock price fell $0.45 per share, or 6.9%, to close at $6.05 per share on March 25, 2019.
Company to Host Call Today at 5:30 P.M. (ET)
MORRISVILLE, N.C., Jan. 21, 2021 /PRNewswire/ Pyxus International, Inc. ( Pyxus or the Company ) (OTC Pink: PYYX), a global value-added agricultural company, announced today, after a strategic review by the Boards of Directors of Pyxus and certain subsidiaries, that it intends to divest its cannabis business in order to focus on its more profitable tobacco and e-liquid businesses. In addition, the Company has taken action to restructure its industrial hemp and CBD operations to minimize financial investment in that business. Our strategic decision to exit cash flow negative cannabinoid operations will allow us to reduce corporate SG&A and sharpen our focus on growing our more profitable tobacco and e-liquid businesses such that these complementary businesses can fully leverage Pyxus 145-year heritage and existing relationships, said Pieter Sikkel, President and CEO of Pyxus International. We maintain our belief that there is v