Solaris Water Midstream, LLC (“Solaris Water”), a leading provider of water-related infrastructure to the oil and gas industry, announced today it has increased the size of its revolving credit facility to $350 million from $250 million. Cadence Bank N.A. (“Cadence Bank”) acted as lead arranger and administrative agent with Wells Fargo Bank, National Association (“Wells Fargo”) serving as joint lead arranger.

New accounting standards for leases can have unintended consequences on debt covenants and financial ratios in credit agreements. Under the new rules (Accounting Standards Codification Topic (“ASC”) 842 and International Financial Reporting Standard (“IFRS”) 16), nearly all operating leases, in addition to finance leases (formerly, capital leases), are required to be recognized as a liability on the balance sheet of a lessee if the lease term is greater than twelve months.

Gordon Brothers, the global advisory, restructuring and investment firm, continued expanding its presence in Australia with the opening of a Perth office in January. The office is led by equipment valuation and auction industry veteran, Ben Gibson and will support the firm’s increasing activity across Western Australia. The Perth location is the third Australian office opening in two years for Gordon Brothers, which entered the market in 2017. 

The Secured Lender caught up with three of Gordon Brothers’ Australian executives who discussed the potential for ABL in Australia and the firm’s plans moving forward.

By now, many lenders have heard of the steps taken by J. Crew to remove its valuable intellectual property from the collateral securing its term loans and asset-based credit facilities through a clever (although disputed) use of the transactions permitted under the negative covenants included in the credit agreements governing such credit facilities (the “baskets”).

SFNet's Women in Secured Finance Conference provided networking and insight for career development and how to navigate issues faced in today’s work environment.  By Eileen Wubbe

Rick Burke of TD Bank discusses the results of TD’s recent blockchain survey. When it comes to the technology’s specific capabilities and implications, finance professionals are divided: blockchain will create stronger audit trails (29%), speed up payment processes (22%), improve efficiency of cross-border payments (21%) and reduce payments fraud (18%).  TD’s survey also revealed a conundrum in the treasury world: Faster and real-time payments are coming soon, but organizations still have obstacles to implement them.  By Rick Burke

Judge Kevin J. Carey (D. Del.; Wilmington) has served on the Bankruptcy Court for the District of Delaware since 2005 (serving as Chief Judge from 2008 to 2011), having first been appointed as a bankruptcy judge for the Eastern District of Pennsylvania in 2001.  By Michele Ocejo

Peter Nunes of Vayana Network explains both the challenges and opportunities surrounding cross-border trade. By Peter Nunes

Executives from Gordon Brothers offer tips for recovery in this complicated global environment.  By Duncan Ainscough, Fenton Healy, and Rafael Klotz

Geopolitical advisor David Chmiel considers recent changes in global trade policy and assesses whether the world is confronting a sustained period of tariff increases and trade wars.  By David J. E. Chmiel

Lenders are entering a brave new world in which U.S. tax law may no longer be an impediment to taking foreign guarantees and collateral and a pledge of 100% of the stock of a foreign subsidiary.  By Angela Batterson and Adela Woliansky

Five years ago, if you said, “I am on LinkedIn,” people would not have understood what you meant.

BB&T Corporation (NYSE: BBT) and SunTrust Banks, Inc., (NYSE: STI) today announced Truist as the name for the combined company to be created through their merger of equals. 

Jack in the Box Inc. (NASDAQ: JACK) today announced that certain of its subsidiaries intend to complete a refinancing of the company’s existing senior credit facility, which is comprised of a term loan and revolving credit facility, with a new securitized financing facility.

The Secured Finance Foundation has created a Scholarship and Diversity Committee, which held its organizational meeting during SFNet's Asset-Based Capital Conference in Las Vegas.  By Michele Ocejo

Members of SFNet's 2017 and 2018 40 Under 40 Classes check in to give an update on what they’ve been up to and what has changed since receiving their Award.  By Eileen Wubbe

The Boston Corporate Finance Community (BCFC) was founded by Cheryl Carner, Crystal Financial LLC; Ken Frieze, Gordon Brothers; Keith Vercauteren, Wells Fargo; Ward Mooney, Crystal Financial LLC; and Kevin Murtagh, Riemer & Braunstein LLP.  By Ward Mooney and Kevin Murtagh

A leading researcher, author and advisor in the fields of leadership and inclusion offers practical tips for harnessing the power of diverse teams.  By Arin N. Reeves

Thomas A. Greco, chief executive officer of Hilco Valuation & Industrial and Gary Epstein, Hilco Global EVP and chief marketing officer, discuss the National Jewish Health Humanitarian Award and the many other ways in which Hilco Global is making a difference through Hilco Helps (www.hilcohelps.com), a program that Epstein branded for all of the firms’ cause-marketing initiatives.