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BOSTON, March 4, 2021 /PRNewswire/ Second Avenue Capital Partners, LLC ( SACP ) (www.secondavecp.com) has provided $6.5 million in debtor-in-possession ( DIP ) financing to Solstice Sunglasses, the second-largest sunglass retailer in the United States. The DIP facility delivers supportive capital to Solstice as the retailer commences a restructuring. The DIP financing package from SACP will aid us as we move through the restructuring process, said KCP Advisory Group s Jacen Dinoff, who was recently appointed Chief Restructuring Officer of Solstice Sunglasses. We are focused on using this time of transition to make the necessary changes to the Solstice business and position the company for long-term success.
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Air Canada has given outgoing CEO Calin Rovinescu one last shout-out. The airline has registered its first Airbus A220-300 after him. The A220 has the registration C-GROV, the ROV tag referring to Rovinescu. In addition, the former CEO’s signature, name, and time served at the airline are distinctively displayed near the flight deck’s windows.
Air Canada has registered an A220-300 as C-GROV in honor of former CEO Calin Rovinescu.Photo: Air Canada
“Congratulations Calin Rovinescu on your well-earned retirement. Thank you for 12 years of leadership, vision and unwavering dedication to making Air Canada a global champion,” says Air Canada in social media feeds today while showing off pictures of the A220.
Solstice Marketing Concepts LLC Files Voluntary Petition under Chapter 11 in effort to Restructure and Improve Financing Options marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
KLKN-TV
NRA filing for bankruptcy, cites ‘toxic political environment’
Despite a pending bankrupt status, officials wrote in a press release that the organization remains financially strong.
January 15, 2021 3:48 pm
FAIRFAX, Va. (KLKN) Friday afternoon, the National Rifle Association of America (NRA) announces its plans to file for bankruptcy.
Officials say it will be restructured as a Texas nonprofit to “exit what it believes is a corrupt political and regulatory environment.”
Despite a pending bankrupt status, officials wrote in a press release that the organization remains financially strong.
The NRA will need court approval to incorporate the Association in the State of Texas.
NRA Leaves New York to Reincorporate in Texas, Announces New Strategic Plan. ALL reporting NRA unedited.
NRA Plans to Exit New York to Pursue Opportunity, Growth and Progress in Texas; Plan Benefits Association, Its Millions of Members, and All Supporters of the Second Amendment
Fairfax, VA – The National Rifle Association of America (“NRA”) today announced it will restructure the Association as a Texas nonprofit to exit what it believes is a corrupt political and regulatory environment in New York. The move will enable long-term, sustainable growth and ensure the NRA’s continued success as the nation’s leading advocate for constitutional freedom – free from the toxic political environment of New York.