Labor Day 2017 has come and gone, and Debtwire Middle Market celebrated the unofficial end of summer with a smorgasbord of actionable proprietary intel.
We checked in on the deteriorating skilled nursing space, with a scoop that private landlord Formation Capital had hired advisors to work on its holdings in that space as its tenants defaulted. We followed that story up with a Middle Market Memo feature on how different parties approach workouts in the skilled nursing industry.
In energy, we reported on Navajo Nation Oil and Gas Company offering unique concessions to prospective lenders as it works to refinance a Wells Fargo-agented RBL that has already matured. We also revealed Castex Energy’s revolver agent had engaged Evercore with a restructuring looming.
We also updated the saga of Action Resources, identifying White Oak as new ABL lender as the company worked to reconfigure its capital structure.
We took a look at how mall-based retailers may have to change their strategies in an Amazon-dominated world.
In research, we published a tear sheet on snack food maker Inventure Foods, which recently amended its Wells Fargo-agented revolver. We also released our 2Q 2017 BDC Primary Issuance Watch. And we published our Distressed Middle Market Watchlist for August. Finally, in our Middle Market Junction podcast, we took stock of slew of bankruptcy filings in August, including Beaulieu and Knight Oil Tools.