Bankruptcy in the United States

Priority Technology Holdings, Inc. Has Entered Into Stalking Horse Agreement with Plastiq, Inc.

Retrieved on: 
Wednesday, May 24, 2023

Plastiq, Inc., is a B2B payments platform that offers bill pay and instant access to working capital to small and midsize businesses.

Key Points: 
  • Plastiq, Inc., is a B2B payments platform that offers bill pay and instant access to working capital to small and midsize businesses.
  • “The synergies between our respective B2B payment assets will help business owners optimize their cash flow and working capital strategies,” said Thomas Priore, Chairman and CEO of Priority.
  • The Purchase Agreement is subject to certain customary closing conditions, including certain orders being entered by the Bankruptcy Court.
  • The Purchase Agreement is also subject to higher and better offers Plastiq may receive during the auction process.

Houlihan Lokey Reports First Quarter Fiscal 2022 Financial Results

Retrieved on: 
Tuesday, August 3, 2021

The Company will host a conference call and live webcast at 8:00 a.m. Eastern Time on Tuesday, August 3, 2021, to discuss its first quarter fiscal 2022 results.

Key Points: 
  • The Company will host a conference call and live webcast at 8:00 a.m. Eastern Time on Tuesday, August 3, 2021, to discuss its first quarter fiscal 2022 results.
  • Additionally, these adjusted amounts are not a measurement of financial performance or liquidity under GAAP and should not be considered as an alternative to the Companys financial information determined under GAAP.
  • Please refer to our financial statements, prepared in accordance with GAAP, for purposes of evaluating our financial condition, results of operations, and cash flows.
  • Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation.

Houlihan Lokey to Commence a Tender Offer to Acquire GCA Corporation

Retrieved on: 
Tuesday, August 3, 2021

Under the terms of the agreement, which has been unanimously approved by the Houlihan Lokey Board of Directors and the GCA Board of Directors, Houlihan Lokey will commence a tender offer in Tokyo on August 4, 2021 to acquire all outstanding shares of GCA for 1,380 ($12.55) per share in cash, in addition to all stock options of GCA (priced to net out applicable exercise prices).

Key Points: 
  • Under the terms of the agreement, which has been unanimously approved by the Houlihan Lokey Board of Directors and the GCA Board of Directors, Houlihan Lokey will commence a tender offer in Tokyo on August 4, 2021 to acquire all outstanding shares of GCA for 1,380 ($12.55) per share in cash, in addition to all stock options of GCA (priced to net out applicable exercise prices).
  • "The opportunity to become part of Houlihan Lokey is a hugely exciting step for GCA and a major milestone on our strong growth journey.
  • The closing of the tender offer is subject to receiving certain regulatory approvals, and the tender to Houlihan Lokey of shares representing at least two-thirds of GCAs fully diluted outstanding common stock.
  • Following the successful completion of the tender offer, it is expected that Houlihan Lokey will acquire all shares not tendered through a second-step at the same price.

Debt Collectors Swiftly Negotiating Unpaid Debt Via SettleiTsoft Platform

Retrieved on: 
Thursday, July 29, 2021

FORT LAUDERDALE, Fla., July 29, 2021 /PRNewswire/ -- New SAS software product for Debt Collection -- SettleiTsoft Enterprise is fully integrated with the SettleiTsoft debt negotiation platform for consumers.

Key Points: 
  • FORT LAUDERDALE, Fla., July 29, 2021 /PRNewswire/ -- New SAS software product for Debt Collection -- SettleiTsoft Enterprise is fully integrated with the SettleiTsoft debt negotiation platform for consumers.
  • SettleiTsoft Enterprise was specifically created to help resolve these confrontational issues by communicating with the debtor through the SettleiTsoft Mobile App.
  • With SettleiTsoft Enterprise, debt collectors can finally upgrade their business models.
  • Our vision is to simplify debt collection practices with transparent technologies, which adhere to the provisions of the Fair Debt Collection Practices Act."

Houlihan Lokey Announces Release Date for First Quarter Results for Fiscal Year 2022

Retrieved on: 
Monday, July 19, 2021

Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation.

Key Points: 
  • Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation.
  • The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region.
  • Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services.
  • 1 global M&A fairness opinion advisor over the past 20 years, all based on number of transactions and according to data provided by Refinitiv.

Limetree Bay Files for Chapter 11

Retrieved on: 
Tuesday, July 13, 2021

Limetree Bay Refining, LLC and several of its affiliates (collectively, Limetree Bay or the Company) today announced that Limetree Bay has filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the Court).

Key Points: 
  • Limetree Bay Refining, LLC and several of its affiliates (collectively, Limetree Bay or the Company) today announced that Limetree Bay has filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the Court).
  • Limetree Bay intends to use the Chapter 11 process to engage in discussions with its lenders, creditors, equity owners and others to evaluate options to maximize the value of the estate and recoveries for stakeholders, including exploring a potential sale of its assets.
  • Limetree Bay has received commitments for up to $25 million in new debtor-in-possession financing that, upon court approval, is expected to provide sufficient liquidity to meet ongoing business obligations related to the maintenance of the refinery during the Chapter 11 process.
  • The Chapter 11 process provides Limetree with the clearest path to maximize the value of our estate for our stakeholders while safely preparing the refinery for an extended shutdown.

Houlihan Lokey Acquires Baylor Klein

Retrieved on: 
Monday, July 12, 2021

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, has acquired boutique advisory firm Baylor Klein as it continues to grow its Corporate Finance business in Europe.

Key Points: 
  • Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, has acquired boutique advisory firm Baylor Klein as it continues to grow its Corporate Finance business in Europe.
  • As with all our acquisitions, the Baylor Klein team embodies and shares with Houlihan Lokey a number of important cultural traits, including a steadfast dedication to its clients and a track record of success that confirms genuinely deep and superior sector expertise, said Scott Adelson, Houlihan Lokeys Co-President and Co-Head of Corporate Finance.
  • Houlihan Lokey and Baylor Klein acted as their own advisors on this transaction.
  • Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation.

Van Horn Law Group Win Helps Ensure Legal Access for Underserved Communities

Retrieved on: 
Thursday, June 17, 2021

Chief Judge Laurel M. Isicoff sided with Van Horn Law Group, its founding partner Chad Van Horn, and attorney Melissa Goolsarran Ramnauth who argued the matter for the firm in a case alleging the firm violated federal bankruptcy law by offering two-contract legal agreements in Chapter 7 cases.

Key Points: 
  • Chief Judge Laurel M. Isicoff sided with Van Horn Law Group, its founding partner Chad Van Horn, and attorney Melissa Goolsarran Ramnauth who argued the matter for the firm in a case alleging the firm violated federal bankruptcy law by offering two-contract legal agreements in Chapter 7 cases.
  • "The legal system should be open to everyone in need, not just those who can afford it," said Van Horn.
  • Requiring full payment before filing bankruptcy shuts out low-income communities and denies them access to quality representation for their bankruptcy filing.
  • View original content to download multimedia: http://www.prnewswire.com/news-releases/van-horn-law-group-win-helps-ens...
    SOURCE Van Horn Law Group, P.A.

Houlihan Lokey Publishes Its First Sustainability Report

Retrieved on: 
Tuesday, June 15, 2021

Houlihan Lokey (NYSE:HLI), the global investment bank, today released its inaugural Sustainability Report.

Key Points: 
  • Houlihan Lokey (NYSE:HLI), the global investment bank, today released its inaugural Sustainability Report.
  • At Houlihan Lokey, we believe that our ESG-related initiatives, though varied, all share a single guiding principle: Do the right thing, every time.
  • Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation.
  • Houlihan Lokey does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Houlihan Lokey Expands Its Software Coverage Capabilities With Experienced Hire

Retrieved on: 
Wednesday, June 9, 2021

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Walid Khiari has joined the firm as a Managing Director in the TMT Group to cover software companies.

Key Points: 
  • Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Walid Khiari has joined the firm as a Managing Director in the TMT Group to cover software companies.
  • Mr. Khiari joins from Rothschild & Co., where he was a Managing Director in the global technology investment banking group.
  • Prior to Rothschild & Co., Mr. Khiari was a Director in Credit Suisses technology group in San Francisco, providing M&A and capital-raising advice to clients across the enterprise software ecosystem.
  • Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation.