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Prominent Energy M&A Partner Rejoins Latham & Watkins in Houston
February 12, 2020Latham & Watkins LLP is pleased to announce that Justin T. Stolte has returned to the firm's Houston office as a partner in the Corporate Department and member of the Mergers & Acquisitions Practice. Stolte draws on a unique combination of technical, legal, and business experience regularly representing clients in complex transactions across the energy sector.
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California Bank of Commerce Adds Michael Nicita as Executive Vice President, Senior Credit Administrator
February 12, 2020California BanCorp (CALB), the holding company for California Bank of Commerce (CBC), has further expanded its Northern California presence with the addition of Michael Nicita as Executive Vice President and Senior Credit Administrator. Nicita will be based out of the Sacramento office and will be responsible for overseeing high-quality credit underwriting.
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Wells Fargo Announces Organizational Changes
February 12, 2020Wells Fargo & Company (NYSE: WFC) today announced the appointment of several new business leaders and changes designed to create a flatter line of business organizational structure and provide leaders with clear authority, accountability, and responsibility. The new model has five line of business CEOs, each reporting to Wells Fargo CEO Charlie Scharf and represented on the company’s Operating Committee.
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Can Macy’s Save Itself?
February 12, 2020Macy’s has a three-year plan to turn around flagging sales, but experts say it might be too little, too late for the iconic U.S. retailer.
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Austin Financial Services Provides $6.3MM for Revolving and Term Loan Credit Facilities to a Meal Production Company with National Presence
February 12, 2020Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $6.3MM AR and Inventory revolver with M&E and Capex Term Loans to a company who provides meal production & delivery service to hospitals, skilled nursing homes, long-term care facilities and catering companies throughout the country.
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North America M&A Activity Analysis-Q4 2019
February 12, 2020The North America region witnessed a slump in mergers and acquisition (M&A) deal volume in the fourth quarter (Q4) of 2019, according to GlobalData, a leading data and analytics company. M&A activity within the North America region witnessed a down trend, with the region experiencing a decrease from 3,149 M&A deals in Q4 2018 to 2,851 M&A deals in Q4 2019.
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Peoples Financial Corporation Announces Officer Promotions
February 11, 2020The board of directors of Peoples Financial Corporation (OTCQX Best Market: PFBX), parent of The Peoples Bank ("bank"), today announced the promotions of Karen B. Arguelles to Vice President (Commercial Lending), Brian J. Kozlowski to Senior Vice President and Chief Administrative Officer and A. Tanner Swetman to Senior Vice President and Chief Operating Officer.
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Business Capital Delivers Financing For Bay Area Medical Clinic
February 11, 2020Business Capital structured and delivered approximately $6MM in senior secured loans for NOVA IVF, a clinic established in 1987, providing in vitro fertilization (IVF) treatments with a consistent success rate well above average nationwide.
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Angelo Gordon Raises $1.8 Billion for Inaugural Credit Solutions Fund
February 11, 2020Angelo, Gordon & Co., L.P. (“Angelo Gordon” or the “Firm”), a $38 billion alternative investment firm focused on credit and real estate investing, announced today the final closing of AG Credit Solutions Fund, L.P. (the “Fund”) with $1.8 billion of equity commitments.
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Earth Fare Enlists Firms to Market Stores, Intellectual Property
February 11, 2020Earth Fare, which filed for Chapter 11 bankruptcy protection last week, has retained A&G Real Estate Partners to market and sell all of its stores and leases and Hilco Streamback to do the same for its intellectual property.
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Knightsbridge Capital Group Announces $100 Million Credit Agreement with BCI
February 11, 2020Knightsbridge Capital Group, an asset-based lender based in Vancouver, is pleased to announce that it has entered into a credit agreement with British Columbia Investment Management Corporation ("BCI") for a $100 million operating facility to leverage one of its asset-based funds - Maynbridge Capital Inc. Raymond James' Private Capital Solutions Investment Banking Group advised Knightsbridge Capital Group on the new leverage facility.
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Noble Roman's Completes Strategic New Financing Package
February 11, 2020Noble Roman's, Inc. (NROM), the Indianapolis based franchisor and operator of Noble Roman's Pizza and Noble Roman's Craft Pizza & Pub announced today that it has completed a new financing package that provides for three new company-owned Craft Pizza & Pub locations, the repayment of its existing term loan and the repayment of all non-extended subordinated convertible debt.
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PQ Group Holdings Announces Successful Repricing and Extension of Term Loan Facility
February 11, 2020PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts, materials, chemicals, and services, announced today that its indirect, wholly owned subsidiary, PQ Corporation (the “Company”) has successfully secured commitments to amend its existing senior secured term loan facility (the “Amended Term Loan Facility”) in an aggregate principal amount of $947.5 million at a lower interest rate margin and with an extended maturity.
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Agile Therapeutics, Inc. Enters into up to $35 Million Loan Facility with Perceptive Advisors
February 11, 2020Agile Therapeutics, Inc. (AGRX), a women’s healthcare company, today announced that it has entered into a senior secured term loan credit facility with Perceptive Advisors to provide Agile with up to $35 million through term loans in three tranches: $5 million was funded today after the satisfaction of customary closing conditions, $15 million will be available if Twirla® is approved by the U.S. Food and Drug Administration (“FDA”), and $15 million will be available upon the achievement of certain revenue milestones
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Ares Management Provides $450 Million Credit Facility to Ag Resource Management
February 11, 2020Ares Management Corporation (NYSE: ARES) ("Ares") announced that funds managed by its Alternative Credit strategy have provided a $450 million revolving asset-backed credit facility secured by agricultural production loans originated by Ag Resource Management ("ARM").
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Alleon Healthcare Capital Provides a $750,000 Medical Accounts Receivable Financing Facility to a Pennsylvania-Based Pharmacy
February 11, 2020The Company is a 20-year old multi-state licensed, independently owned pharmacy provider. In 2015 the Company created the my-medPak Medication Management Program. This program provides a simple and safe solution to help manage a patient’s medications at no additional cost. The Company sorts and delivers patient medications in customized medPaks with a care team that provides the added support to ensure patients adherence to their medication protocol.
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Uniti Group Inc. Announces Closing of Senior Secured Notes Offering and Effectiveness of Credit Agreement Amendment
February 10, 2020The Issuers used the net proceeds from the offering to repay all $2.05 billion of outstanding borrowings under Uniti’s term loan facility and $156.7 million of outstanding borrowings under Uniti’s revolving credit facility (and terminated related revolving commitments in an amount equal to $157.6 million).
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Oncor Electric Delivery Secures $450M Term Loan
February 10, 2020Oncor Electric Delivery Co. LLC entered a term loan credit agreement for $450 million with certain lenders and Sumitomo Mitsui Banking Corp. as the administrative agent. The Sempra Energy subsidiary can borrow the full loan amount in up to four borrowings at any time before April 27, according to a Jan. 30 filing.
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Dean Nordlinger Joins Blank Rome as Corporate Partner in D.C.
February 10, 2020Blank Rome LLP is pleased to announce that Dean S. Nordlinger has joined the Firm’s Washington, D.C., office as a Partner in the Corporate, M&A, and Securities group, which welcomed Partner Stacy H. Louizos earlier this week in the New York office. Dean brings more than 20 years of experience representing privately held and closely held companies of all sizes, private equity firms, and entrepreneurs from a broad range of industries.
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H.I.G. Bayside Capital Promotes Andrew Scotland to Co-Head of Special Situations Debt in Europe
February 10, 2020H.I.G. Bayside Capital (“Bayside”), the distressed debt and special situation affiliate of H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with over €31 billion of equity capital under management, is pleased to announce the promotion of Andrew Scotland to Co-Head of the firm's European special situations debt activities. Andrew will co-head alongside Bayside Managing Director Duncan Priston.
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Prominent Energy M&A Partner Rejoins Latham & Watkins in Houston
February 12, 2020Latham & Watkins LLP is pleased to announce that Justin T. Stolte has returned to the firm's Houston office as a partner in the Corporate Department and member of the Mergers & Acquisitions Practice. Stolte draws on a unique combination of technical, legal, and business experience regularly representing clients in complex transactions across the energy sector.
-
California Bank of Commerce Adds Michael Nicita as Executive Vice President, Senior Credit Administrator
February 12, 2020California BanCorp (CALB), the holding company for California Bank of Commerce (CBC), has further expanded its Northern California presence with the addition of Michael Nicita as Executive Vice President and Senior Credit Administrator. Nicita will be based out of the Sacramento office and will be responsible for overseeing high-quality credit underwriting.
-
Wells Fargo Announces Organizational Changes
February 12, 2020Wells Fargo & Company (NYSE: WFC) today announced the appointment of several new business leaders and changes designed to create a flatter line of business organizational structure and provide leaders with clear authority, accountability, and responsibility. The new model has five line of business CEOs, each reporting to Wells Fargo CEO Charlie Scharf and represented on the company’s Operating Committee.
-
Can Macy’s Save Itself?
February 12, 2020Macy’s has a three-year plan to turn around flagging sales, but experts say it might be too little, too late for the iconic U.S. retailer.
-
Austin Financial Services Provides $6.3MM for Revolving and Term Loan Credit Facilities to a Meal Production Company with National Presence
February 12, 2020Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $6.3MM AR and Inventory revolver with M&E and Capex Term Loans to a company who provides meal production & delivery service to hospitals, skilled nursing homes, long-term care facilities and catering companies throughout the country.
-
North America M&A Activity Analysis-Q4 2019
February 12, 2020The North America region witnessed a slump in mergers and acquisition (M&A) deal volume in the fourth quarter (Q4) of 2019, according to GlobalData, a leading data and analytics company. M&A activity within the North America region witnessed a down trend, with the region experiencing a decrease from 3,149 M&A deals in Q4 2018 to 2,851 M&A deals in Q4 2019.
-
Peoples Financial Corporation Announces Officer Promotions
February 11, 2020The board of directors of Peoples Financial Corporation (OTCQX Best Market: PFBX), parent of The Peoples Bank ("bank"), today announced the promotions of Karen B. Arguelles to Vice President (Commercial Lending), Brian J. Kozlowski to Senior Vice President and Chief Administrative Officer and A. Tanner Swetman to Senior Vice President and Chief Operating Officer.
-
Business Capital Delivers Financing For Bay Area Medical Clinic
February 11, 2020Business Capital structured and delivered approximately $6MM in senior secured loans for NOVA IVF, a clinic established in 1987, providing in vitro fertilization (IVF) treatments with a consistent success rate well above average nationwide.
-
Angelo Gordon Raises $1.8 Billion for Inaugural Credit Solutions Fund
February 11, 2020Angelo, Gordon & Co., L.P. (“Angelo Gordon” or the “Firm”), a $38 billion alternative investment firm focused on credit and real estate investing, announced today the final closing of AG Credit Solutions Fund, L.P. (the “Fund”) with $1.8 billion of equity commitments.
-
Earth Fare Enlists Firms to Market Stores, Intellectual Property
February 11, 2020Earth Fare, which filed for Chapter 11 bankruptcy protection last week, has retained A&G Real Estate Partners to market and sell all of its stores and leases and Hilco Streamback to do the same for its intellectual property.
-
Knightsbridge Capital Group Announces $100 Million Credit Agreement with BCI
February 11, 2020Knightsbridge Capital Group, an asset-based lender based in Vancouver, is pleased to announce that it has entered into a credit agreement with British Columbia Investment Management Corporation ("BCI") for a $100 million operating facility to leverage one of its asset-based funds - Maynbridge Capital Inc. Raymond James' Private Capital Solutions Investment Banking Group advised Knightsbridge Capital Group on the new leverage facility.
-
Noble Roman's Completes Strategic New Financing Package
February 11, 2020Noble Roman's, Inc. (NROM), the Indianapolis based franchisor and operator of Noble Roman's Pizza and Noble Roman's Craft Pizza & Pub announced today that it has completed a new financing package that provides for three new company-owned Craft Pizza & Pub locations, the repayment of its existing term loan and the repayment of all non-extended subordinated convertible debt.
-
PQ Group Holdings Announces Successful Repricing and Extension of Term Loan Facility
February 11, 2020PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts, materials, chemicals, and services, announced today that its indirect, wholly owned subsidiary, PQ Corporation (the “Company”) has successfully secured commitments to amend its existing senior secured term loan facility (the “Amended Term Loan Facility”) in an aggregate principal amount of $947.5 million at a lower interest rate margin and with an extended maturity.
-
Agile Therapeutics, Inc. Enters into up to $35 Million Loan Facility with Perceptive Advisors
February 11, 2020Agile Therapeutics, Inc. (AGRX), a women’s healthcare company, today announced that it has entered into a senior secured term loan credit facility with Perceptive Advisors to provide Agile with up to $35 million through term loans in three tranches: $5 million was funded today after the satisfaction of customary closing conditions, $15 million will be available if Twirla® is approved by the U.S. Food and Drug Administration (“FDA”), and $15 million will be available upon the achievement of certain revenue milestones
-
Ares Management Provides $450 Million Credit Facility to Ag Resource Management
February 11, 2020Ares Management Corporation (NYSE: ARES) ("Ares") announced that funds managed by its Alternative Credit strategy have provided a $450 million revolving asset-backed credit facility secured by agricultural production loans originated by Ag Resource Management ("ARM").
-
Alleon Healthcare Capital Provides a $750,000 Medical Accounts Receivable Financing Facility to a Pennsylvania-Based Pharmacy
February 11, 2020The Company is a 20-year old multi-state licensed, independently owned pharmacy provider. In 2015 the Company created the my-medPak Medication Management Program. This program provides a simple and safe solution to help manage a patient’s medications at no additional cost. The Company sorts and delivers patient medications in customized medPaks with a care team that provides the added support to ensure patients adherence to their medication protocol.
-
Uniti Group Inc. Announces Closing of Senior Secured Notes Offering and Effectiveness of Credit Agreement Amendment
February 10, 2020The Issuers used the net proceeds from the offering to repay all $2.05 billion of outstanding borrowings under Uniti’s term loan facility and $156.7 million of outstanding borrowings under Uniti’s revolving credit facility (and terminated related revolving commitments in an amount equal to $157.6 million).
-
Oncor Electric Delivery Secures $450M Term Loan
February 10, 2020Oncor Electric Delivery Co. LLC entered a term loan credit agreement for $450 million with certain lenders and Sumitomo Mitsui Banking Corp. as the administrative agent. The Sempra Energy subsidiary can borrow the full loan amount in up to four borrowings at any time before April 27, according to a Jan. 30 filing.
-
Dean Nordlinger Joins Blank Rome as Corporate Partner in D.C.
February 10, 2020Blank Rome LLP is pleased to announce that Dean S. Nordlinger has joined the Firm’s Washington, D.C., office as a Partner in the Corporate, M&A, and Securities group, which welcomed Partner Stacy H. Louizos earlier this week in the New York office. Dean brings more than 20 years of experience representing privately held and closely held companies of all sizes, private equity firms, and entrepreneurs from a broad range of industries.
-
H.I.G. Bayside Capital Promotes Andrew Scotland to Co-Head of Special Situations Debt in Europe
February 10, 2020H.I.G. Bayside Capital (“Bayside”), the distressed debt and special situation affiliate of H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with over €31 billion of equity capital under management, is pleased to announce the promotion of Andrew Scotland to Co-Head of the firm's European special situations debt activities. Andrew will co-head alongside Bayside Managing Director Duncan Priston.
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