as its financial advisor
and Lazard served as
its investment bank.
PNC Closes $85MM
DIP for A. M. Castle
A. M. Castle, a global
distributor of specialty
metal and supply chain
closed its $85 million
senior-secured, revolving, debtor-in-possession
with PNC Bank.
Oaktree Provides New
$55MM Facility for
a UK-based gene and
cell therapy group,
completed a new $55
million debt facility
with Oaktree Capital
facility was used to
redeem its existing debt
facility with Oberland
entity managed by
and a second lien term
loan credit facility of
up to $26.8 million
provided by certain
affiliates of Ascribe
Capital and Gates
Tiger, Great American
to Manage Gymboree
In conjunction with
its recent Chapter
11 filing and court-ordered restructuring,
Gymboree intends to
close approximately 350
stores, mainly across the
Gymboree and Crazy 8
brands. The company
partnered with Great
American Group and
Tiger Group to help
manage the closing
sales. Gymboree signed
a restructuring support
agreement with a majority of its term loan lenders in June. Kirkland
& Ellis served as the
company’s legal counsel,
Business Checking and
•;Complete Business Checking Plus
•;Complete Business Checking
•;Business CDs and Money Markets
Business Loans, Lines of Credit
•;SBA Loans •;Business Lines of Credit
•;Commercial & Industrial
•;Term Loans •;Equipment Finance
•;Cash Manager Direct
1 All mortgages, business loans and lines of credit are subject to credit approval and Bank review. Additionally, Flushing Bank reserves the right to refuse loan applications based on business
type or activity. Flushing Bank is a portfolio lender with a wide range of loan programs offering various rates and terms. All loan rates and offers are subject to change and termination without
any prior notice. Certain fees and restrictions may apply. 2 Certain fees, restrictions, and minimums may apply. Flushing Bank is a registered trademark
At Flushing Bank, we’re small enough to know you and large enough to provide
you with the competitive lending and banking solutions you need.
For more information call 646.923.9515 or go to www.FlushingBank.com.
We’re Flushing Bank, your banking specialist.
NE W VENTURES
INDUSTRY VETERANS LAUNCH CAISSA CAPITAL
GRAN T LYON, CRAIG HANSEN AND PE TER
KAUFMAN partnered to form Caissa Capital,
a venture aimed at providing, in one entity,
senior-level workout, financial restructuring
and legal services.
Caissa will target large, complex capital
stack situations in international markets and
partner with top international law firms, as
the need arises, to ensure clients receive the
maximum value of professional services in the most efficient manner. Caissa will primarily serve clients with
junior debt and/or equity investments in international markets.
Caissa is currently in discussions to take over management of foreign private equity and hedge fund
distressed portfolios, with a goal of maximizing value.
Lyon, formerly a managing director at Ernst & Young Corporate Finance and Krys Global USA, was most
recently the primary financial advisor to the Bahamian government in the successful restructuring of the
Baha Mar resort, which involved more than $4 billion of debt. “Caissa’s formation is very exciting for me.
We have already sourced significant international opportunities and, through Peter, we will enjoy a significant
relationship with the investment bank Gordian Group,” Lyon said.
Hansen, formerly a senior partner in the restructuring group of the international law firm of Squire Patton
Boggs, played an active role in restructuring more than $50 billion in debt over the last 35 years.
Kaufman remains president, and head of Restructuring and Distressed M&A, at Gordian Group, an
investment bank focused solely on distressed financial and capital structure matters that achieves results
through financial restructurings and M&A activities.
Kaufman noted, “My partners, colleagues and I relish the chance to work with Grant and Craig on the
mandates that we expect to come Caissa’s way. Gordian will be devoting our substantial resources to support
Caissa, and we look forward to building upon our firm’s 30-year track record of success with Grant and Craig.” n
LYON HANSEN KAUFMAN