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  • White Oak Commercial Finance Originates a Revolving Credit Facility to The Good Kitchen
    Aug 28, 2019
    White Oak Commercial Finance (“White Oak”), an affiliate of White Oak Global Advisors, announced today the origination of a new revolving credit facility to healthy meal service company The Good Kitchen. Originally founded as a meal delivery service, The Good Kitchen will use the proceeds of the credit facility to expand its business into packaged meals sold at 1,500 stores across the United States.
  • Union Bank Strengthens Technology Finance Team with Key Hires in San Jose

    Union Bank today announced that it has hired four technology industry specialists to join the Technology Banking Group, all based out of the San Jose office. The appointments reflect a continued focus on expanding Union Bank's technology vertical to meet the needs of both business banking and middle market clients.

  • LendingPoint Closes $250 Million Credit Facility Arranged by Guggenheim Securities

    The credit facility has an accordion feature, which allows the Company to increase the size of the credit facility to up to $500 million. On the closing date, the Company drew down $215 million of notes from the credit facility.

  • LIBOR Phase-Out: Considerations for Oil & Gas Companies

    With over $370 trillion of global financial contracts referencing LIBOR (London Inter-bank Offered Rate), many oil and gas companies are curious about how the phase-out of LIBOR by 2021 could impact their organization. Many companies are beginning to ask how this transition will impact their organization and what steps can be taken now. The following is a discussion of:

    • why LIBOR is being phased out;
    • the transition plan for the phase-out;
    • items companies should consider; and the steps that can be taken now.  
  • CIT Names David Harnisch President of Commercial Finance as Jim Hudak Retires

    CIT Group Inc. (NYSE: CIT) today announced that David Harnisch will join the company as president of Commercial Finance, effective Sept. 23, 2019. Harnisch will succeed the current president of Commercial Finance Jim Hudak who has elected to retire following a 20-year career at CIT, effective Sept. 3, 2019.

  • Fifth Third Bank Announces Leadership for San Francisco Expansion Strategy

    Fifth Third Bancorp (Nasdaq: FITB) announced today that Peter Gruebele has joined Fifth Third as senior vice president and San Francisco market executive. In this role, he will report to Joseph Yurosek, California market president for Fifth Third Bank.

  • PNC Bank Provides Financing to Nursery Supplier

    PNC Bank, National Association, announced today the closing of an $18.5 million senior secured credit facility for Sandusky, Ohio-based August Corso Sons, Inc. (Corso). PNC Bank, N.A., served as administrative agent.

  • Wells Fargo Unveils Commercial Banking Leadership in the Northeast
    Wells Fargo (NYSE: WFC) today announced its Commercial Banking leadership team for the Northeast, which includes leaders serving businesses in New England, Western New York, and Eastern Canada. The new leadership team stems from the bank’s recently announced structure for its Commercial Banking business.
  • Capital One Signs Agreement to Acquire KippsDeSanto & Co.

    Capital One has entered into an agreement to acquire KippsDeSanto & Co. a leading investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies. Based in Tysons Corner, Va. in the Washington, DC region, KippsDeSanto has a national practice specializing in merger and acquisition advisory services.

  • Leigh Lones Three Ways to Improve Your Risk Performance Through Data Technology
    Aug 19, 2019

    By embracing technology, you can collect, analyze and respond quickly to easily accessible data that helps you accomplish three things simultaneously: mitigate risk, improve efficiency, and develop your organization’s talent.

  • Avenue Enters Voluntary Reorganization Proceeding to Facilitate Restructuring
    Pursues going concern sale of its strong e-commerce business while conducting store closing sales at all ‘brick and mortar’ locations. Company obtains debtor-in-possession financing to support an orderly process.
  • Keith Spacapan Cars Aren’t Dead: They’re Just Morphing into What Comes Next
    If, indeed, the traditional car as we have known it is “dead”, and its current successors are likely to be short-lived placeholders for what is to come… to understand what’s next and how it will impact the asset-based valuations we perform in the automotive industry, it is necessary to first understand how we got here.
  • CIT to Acquire Mutual of Omaha Bank

    Enhances and diversifies CIT’s funding profile with Mutual of Omaha Bank’s market-leading homeowners association banking business, a source of scalable lower-cost deposits. Extends middle market commercial banking capabilities with expanded products, technology solutions and geographic footprint, Advances strategic plan and accelerates shareholder value creation.

  • bruce-sprenger-headshot Interview with Bruce Sprenger: Former SFNet Chairman Retires from Fifth Third after 40 Years in the Industry
    Aug 13, 2019
    Bruce Sprenger retired from his position as SVP Group Head for Fifth Third Business Capital at the end of June, after 40 years in the industry.  Here, he looks back on his career.
  • Siena Lending Group LLC Announces the Closing of a $14.6 Million Credit Facility for Innovative Hearth Products
    Aug 14, 2019

    Siena Lending Group LLC (“Siena”) announces the completion of a $14.6 million asset-based revolving line of credit and term loan for Innovative Hearth Products (“IHP”). The facility was used to refinance certain debt and to provide additional working capital to support IHP’s long-term growth initiatives.  

  • Colleen Taylor to Lead Wells Fargo Merchant Services
    Aug 12, 2019

    Wells Fargo & Company (NYSE: WFC) today announced that Colleen Taylor will join Wells Fargo as head of Wells Fargo Merchant Services, responsible for the strategic direction and management of the merchant services business and a joint venture with Fiserv. She will report to Danny Peltz, head of Treasury, Merchant and Payment Solutions.

  • Troubled Farms Navigate Options
    Aug 12, 2019
    Today, the U.S. farm sector is in crisis and, by many accounts, the full scale and scope of that crisis is something this nation has not seen since the Farm Crisis of the 1980s, when a confluence of micro and macroeconomic factors led to the failure of thousands of farms.  Today, the challenges are both varied and formidable.  
  • Wells Fargo Leads $825 Million in Financing for the Acquisition of Barnes & Noble
    Aug 8, 2019

    Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE:WFC), announced today that it acted as administrative agent, lead arranger and book runner for an $825 million asset-based credit facility in connection with the acquisition of Barnes & Noble, Inc. (NYSE:BKS) by Elliott Advisors (UK) Limited.

  • Secured Finance Foundation – Where We Were and Where We’re Going

    The Secured Finance Foundation, a 501c3 organization, has been busy this past year rolling out new programs that benefit our industry. Some of the important initiatives from 2019 include commissioning and delivering a groundbreaking Market Sizing & Impact Study, with assistance from Ernst and Young, LLP, which is free to our members and donors..

  • MidCap Financial Provides a $60 Million Senior Secured Credit Facility to Celadon Group, Inc.
    Aug 6, 2019
    MidCap Financial today announced it has provided a $60 million senior revolving credit facility to Celadon Group, Inc. ("Celadon"), a North American transportation company that provides full-truckload freight services across the United States, Canada, and Mexico. 
  • White Oak Commercial Finance Originates a Revolving Credit Facility to The Good Kitchen
    Aug 28, 2019
    White Oak Commercial Finance (“White Oak”), an affiliate of White Oak Global Advisors, announced today the origination of a new revolving credit facility to healthy meal service company The Good Kitchen. Originally founded as a meal delivery service, The Good Kitchen will use the proceeds of the credit facility to expand its business into packaged meals sold at 1,500 stores across the United States.
  • Union Bank Strengthens Technology Finance Team with Key Hires in San Jose

    Union Bank today announced that it has hired four technology industry specialists to join the Technology Banking Group, all based out of the San Jose office. The appointments reflect a continued focus on expanding Union Bank's technology vertical to meet the needs of both business banking and middle market clients.

  • LendingPoint Closes $250 Million Credit Facility Arranged by Guggenheim Securities

    The credit facility has an accordion feature, which allows the Company to increase the size of the credit facility to up to $500 million. On the closing date, the Company drew down $215 million of notes from the credit facility.

  • LIBOR Phase-Out: Considerations for Oil & Gas Companies

    With over $370 trillion of global financial contracts referencing LIBOR (London Inter-bank Offered Rate), many oil and gas companies are curious about how the phase-out of LIBOR by 2021 could impact their organization. Many companies are beginning to ask how this transition will impact their organization and what steps can be taken now. The following is a discussion of:

    • why LIBOR is being phased out;
    • the transition plan for the phase-out;
    • items companies should consider; and the steps that can be taken now.  
  • CIT Names David Harnisch President of Commercial Finance as Jim Hudak Retires

    CIT Group Inc. (NYSE: CIT) today announced that David Harnisch will join the company as president of Commercial Finance, effective Sept. 23, 2019. Harnisch will succeed the current president of Commercial Finance Jim Hudak who has elected to retire following a 20-year career at CIT, effective Sept. 3, 2019.

  • Fifth Third Bank Announces Leadership for San Francisco Expansion Strategy

    Fifth Third Bancorp (Nasdaq: FITB) announced today that Peter Gruebele has joined Fifth Third as senior vice president and San Francisco market executive. In this role, he will report to Joseph Yurosek, California market president for Fifth Third Bank.

  • PNC Bank Provides Financing to Nursery Supplier

    PNC Bank, National Association, announced today the closing of an $18.5 million senior secured credit facility for Sandusky, Ohio-based August Corso Sons, Inc. (Corso). PNC Bank, N.A., served as administrative agent.

  • Wells Fargo Unveils Commercial Banking Leadership in the Northeast
    Wells Fargo (NYSE: WFC) today announced its Commercial Banking leadership team for the Northeast, which includes leaders serving businesses in New England, Western New York, and Eastern Canada. The new leadership team stems from the bank’s recently announced structure for its Commercial Banking business.
  • Capital One Signs Agreement to Acquire KippsDeSanto & Co.

    Capital One has entered into an agreement to acquire KippsDeSanto & Co. a leading investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies. Based in Tysons Corner, Va. in the Washington, DC region, KippsDeSanto has a national practice specializing in merger and acquisition advisory services.

  • Leigh Lones Three Ways to Improve Your Risk Performance Through Data Technology
    Aug 19, 2019

    By embracing technology, you can collect, analyze and respond quickly to easily accessible data that helps you accomplish three things simultaneously: mitigate risk, improve efficiency, and develop your organization’s talent.

  • Avenue Enters Voluntary Reorganization Proceeding to Facilitate Restructuring
    Pursues going concern sale of its strong e-commerce business while conducting store closing sales at all ‘brick and mortar’ locations. Company obtains debtor-in-possession financing to support an orderly process.
  • Keith Spacapan Cars Aren’t Dead: They’re Just Morphing into What Comes Next
    If, indeed, the traditional car as we have known it is “dead”, and its current successors are likely to be short-lived placeholders for what is to come… to understand what’s next and how it will impact the asset-based valuations we perform in the automotive industry, it is necessary to first understand how we got here.
  • CIT to Acquire Mutual of Omaha Bank

    Enhances and diversifies CIT’s funding profile with Mutual of Omaha Bank’s market-leading homeowners association banking business, a source of scalable lower-cost deposits. Extends middle market commercial banking capabilities with expanded products, technology solutions and geographic footprint, Advances strategic plan and accelerates shareholder value creation.

  • bruce-sprenger-headshot Interview with Bruce Sprenger: Former SFNet Chairman Retires from Fifth Third after 40 Years in the Industry
    Aug 13, 2019
    Bruce Sprenger retired from his position as SVP Group Head for Fifth Third Business Capital at the end of June, after 40 years in the industry.  Here, he looks back on his career.
  • Siena Lending Group LLC Announces the Closing of a $14.6 Million Credit Facility for Innovative Hearth Products
    Aug 14, 2019

    Siena Lending Group LLC (“Siena”) announces the completion of a $14.6 million asset-based revolving line of credit and term loan for Innovative Hearth Products (“IHP”). The facility was used to refinance certain debt and to provide additional working capital to support IHP’s long-term growth initiatives.  

  • Colleen Taylor to Lead Wells Fargo Merchant Services
    Aug 12, 2019

    Wells Fargo & Company (NYSE: WFC) today announced that Colleen Taylor will join Wells Fargo as head of Wells Fargo Merchant Services, responsible for the strategic direction and management of the merchant services business and a joint venture with Fiserv. She will report to Danny Peltz, head of Treasury, Merchant and Payment Solutions.

  • Troubled Farms Navigate Options
    Aug 12, 2019
    Today, the U.S. farm sector is in crisis and, by many accounts, the full scale and scope of that crisis is something this nation has not seen since the Farm Crisis of the 1980s, when a confluence of micro and macroeconomic factors led to the failure of thousands of farms.  Today, the challenges are both varied and formidable.  
  • Wells Fargo Leads $825 Million in Financing for the Acquisition of Barnes & Noble
    Aug 8, 2019

    Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE:WFC), announced today that it acted as administrative agent, lead arranger and book runner for an $825 million asset-based credit facility in connection with the acquisition of Barnes & Noble, Inc. (NYSE:BKS) by Elliott Advisors (UK) Limited.

  • Secured Finance Foundation – Where We Were and Where We’re Going

    The Secured Finance Foundation, a 501c3 organization, has been busy this past year rolling out new programs that benefit our industry. Some of the important initiatives from 2019 include commissioning and delivering a groundbreaking Market Sizing & Impact Study, with assistance from Ernst and Young, LLP, which is free to our members and donors..

  • MidCap Financial Provides a $60 Million Senior Secured Credit Facility to Celadon Group, Inc.
    Aug 6, 2019
    MidCap Financial today announced it has provided a $60 million senior revolving credit facility to Celadon Group, Inc. ("Celadon"), a North American transportation company that provides full-truckload freight services across the United States, Canada, and Mexico. 
  • White Oak Commercial Finance Originates a Revolving Credit Facility to The Good Kitchen
    Aug 28, 2019
    White Oak Commercial Finance (“White Oak”), an affiliate of White Oak Global Advisors, announced today the origination of a new revolving credit facility to healthy meal service company The Good Kitchen. Originally founded as a meal delivery service, The Good Kitchen will use the proceeds of the credit facility to expand its business into packaged meals sold at 1,500 stores across the United States.
  • Union Bank Strengthens Technology Finance Team with Key Hires in San Jose

    Union Bank today announced that it has hired four technology industry specialists to join the Technology Banking Group, all based out of the San Jose office. The appointments reflect a continued focus on expanding Union Bank's technology vertical to meet the needs of both business banking and middle market clients.

  • LendingPoint Closes $250 Million Credit Facility Arranged by Guggenheim Securities

    The credit facility has an accordion feature, which allows the Company to increase the size of the credit facility to up to $500 million. On the closing date, the Company drew down $215 million of notes from the credit facility.

  • LIBOR Phase-Out: Considerations for Oil & Gas Companies

    With over $370 trillion of global financial contracts referencing LIBOR (London Inter-bank Offered Rate), many oil and gas companies are curious about how the phase-out of LIBOR by 2021 could impact their organization. Many companies are beginning to ask how this transition will impact their organization and what steps can be taken now. The following is a discussion of:

    • why LIBOR is being phased out;
    • the transition plan for the phase-out;
    • items companies should consider; and the steps that can be taken now.  
  • CIT Names David Harnisch President of Commercial Finance as Jim Hudak Retires

    CIT Group Inc. (NYSE: CIT) today announced that David Harnisch will join the company as president of Commercial Finance, effective Sept. 23, 2019. Harnisch will succeed the current president of Commercial Finance Jim Hudak who has elected to retire following a 20-year career at CIT, effective Sept. 3, 2019.

  • Fifth Third Bank Announces Leadership for San Francisco Expansion Strategy

    Fifth Third Bancorp (Nasdaq: FITB) announced today that Peter Gruebele has joined Fifth Third as senior vice president and San Francisco market executive. In this role, he will report to Joseph Yurosek, California market president for Fifth Third Bank.

  • PNC Bank Provides Financing to Nursery Supplier

    PNC Bank, National Association, announced today the closing of an $18.5 million senior secured credit facility for Sandusky, Ohio-based August Corso Sons, Inc. (Corso). PNC Bank, N.A., served as administrative agent.

  • Wells Fargo Unveils Commercial Banking Leadership in the Northeast
    Wells Fargo (NYSE: WFC) today announced its Commercial Banking leadership team for the Northeast, which includes leaders serving businesses in New England, Western New York, and Eastern Canada. The new leadership team stems from the bank’s recently announced structure for its Commercial Banking business.
  • Capital One Signs Agreement to Acquire KippsDeSanto & Co.

    Capital One has entered into an agreement to acquire KippsDeSanto & Co. a leading investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies. Based in Tysons Corner, Va. in the Washington, DC region, KippsDeSanto has a national practice specializing in merger and acquisition advisory services.

  • Leigh Lones Three Ways to Improve Your Risk Performance Through Data Technology
    Aug 19, 2019

    By embracing technology, you can collect, analyze and respond quickly to easily accessible data that helps you accomplish three things simultaneously: mitigate risk, improve efficiency, and develop your organization’s talent.

  • Avenue Enters Voluntary Reorganization Proceeding to Facilitate Restructuring
    Pursues going concern sale of its strong e-commerce business while conducting store closing sales at all ‘brick and mortar’ locations. Company obtains debtor-in-possession financing to support an orderly process.
  • Keith Spacapan Cars Aren’t Dead: They’re Just Morphing into What Comes Next
    If, indeed, the traditional car as we have known it is “dead”, and its current successors are likely to be short-lived placeholders for what is to come… to understand what’s next and how it will impact the asset-based valuations we perform in the automotive industry, it is necessary to first understand how we got here.
  • CIT to Acquire Mutual of Omaha Bank

    Enhances and diversifies CIT’s funding profile with Mutual of Omaha Bank’s market-leading homeowners association banking business, a source of scalable lower-cost deposits. Extends middle market commercial banking capabilities with expanded products, technology solutions and geographic footprint, Advances strategic plan and accelerates shareholder value creation.

  • bruce-sprenger-headshot Interview with Bruce Sprenger: Former SFNet Chairman Retires from Fifth Third after 40 Years in the Industry
    Aug 13, 2019
    Bruce Sprenger retired from his position as SVP Group Head for Fifth Third Business Capital at the end of June, after 40 years in the industry.  Here, he looks back on his career.
  • Siena Lending Group LLC Announces the Closing of a $14.6 Million Credit Facility for Innovative Hearth Products
    Aug 14, 2019

    Siena Lending Group LLC (“Siena”) announces the completion of a $14.6 million asset-based revolving line of credit and term loan for Innovative Hearth Products (“IHP”). The facility was used to refinance certain debt and to provide additional working capital to support IHP’s long-term growth initiatives.  

  • Colleen Taylor to Lead Wells Fargo Merchant Services
    Aug 12, 2019

    Wells Fargo & Company (NYSE: WFC) today announced that Colleen Taylor will join Wells Fargo as head of Wells Fargo Merchant Services, responsible for the strategic direction and management of the merchant services business and a joint venture with Fiserv. She will report to Danny Peltz, head of Treasury, Merchant and Payment Solutions.

  • Troubled Farms Navigate Options
    Aug 12, 2019
    Today, the U.S. farm sector is in crisis and, by many accounts, the full scale and scope of that crisis is something this nation has not seen since the Farm Crisis of the 1980s, when a confluence of micro and macroeconomic factors led to the failure of thousands of farms.  Today, the challenges are both varied and formidable.  
  • Wells Fargo Leads $825 Million in Financing for the Acquisition of Barnes & Noble
    Aug 8, 2019

    Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE:WFC), announced today that it acted as administrative agent, lead arranger and book runner for an $825 million asset-based credit facility in connection with the acquisition of Barnes & Noble, Inc. (NYSE:BKS) by Elliott Advisors (UK) Limited.

  • Secured Finance Foundation – Where We Were and Where We’re Going

    The Secured Finance Foundation, a 501c3 organization, has been busy this past year rolling out new programs that benefit our industry. Some of the important initiatives from 2019 include commissioning and delivering a groundbreaking Market Sizing & Impact Study, with assistance from Ernst and Young, LLP, which is free to our members and donors..

  • MidCap Financial Provides a $60 Million Senior Secured Credit Facility to Celadon Group, Inc.
    Aug 6, 2019
    MidCap Financial today announced it has provided a $60 million senior revolving credit facility to Celadon Group, Inc. ("Celadon"), a North American transportation company that provides full-truckload freight services across the United States, Canada, and Mexico. 
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