• Wilmington Trust Appoints Alex Pashley as New Head of Structured Finance in the UK
    November 4, 2019
    Wilmington Trust, a leader in corporate and institutional services, has appointed Alex Pashley as Head of Structured Finance in the UK. Based in the firm's London office, he joins the Global Capital Markets European business, reporting to Alan Geraghty, Group Vice President and Head of European Operations.
  • OCC Issues Final Rule to Change Applicability Thresholds for Regulatory Capital and Liquidity Requirements
    November 4, 2019
    The Office of the Comptroller of the Currency (OCC) today announced a final rule to tailor capital and liquidity requirements for certain banking organizations with more than $100 billion in total consolidated assets to more closely match their risk profiles. The final rule builds on the OCC’s existing practice of tailoring capital and liquidity requirements based on the size, complexity, and overall risk profile of banking organizations.
  • Brad Quade Joins First Business as Deputy Chief Credit Officer
    November 4, 2019
    Brad has over 30 years of experience in the banking industry, having worked at both publicly traded and privately owned institutions. He has led successful lending teams in commercial banking, investment real estate, and equipment leasing as well as treasury management services.
  • Citi Commercial Bank Appoints New Head of UK Operations
    November 4, 2019
    In a sign of its ongoing commitment to the UK market, Citi has appointed Bill Stanton as head of its UK Commercial Banking business. Reporting to Raymond Gatcliffe, EMEA Head of Citi Commercial Bank (CCB), Bill will be responsible for leading the UK franchise, serving the mid-market corporate segment across a number of industries.
  • JCPenney Opens New Store With Reimagined Format, New Ideas, New Logo And More
    November 4, 2019
    JCPenney unveiled a new lifestyle store in Hurst, Texas on November 1. This store is brand-redefining and reflects the new management’s strategy to put customers at the center of the business. It tries to reflect what today’s shopper wants from retailers. A year of extensive customer research led to the insights that formed the new store strategy. It is all intended to transform traditional stores and is at the center of JCPenney CEO Jill Soltau’s plan to rebuild and renew the company.
  • Garda World Security Corporation Completes a US$2.552 Billion Refinancing of its Long Term Credit Facilities and Senior Notes
    November 4, 2019
    The Joint Book-Running Managers for the issuance of the Notes are BofA Securities, Inc., Barclays Capital Inc., J.P. Morgan Securities LLC, TD Securities (USA) LLC, Jefferies LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and UBS Securities LLC. The Lenders and Issuing Banks as part of the new credit facilities are JPMorgan Chase Bank, N.A., Bank of America, N.A., Barclays Bank PLC, The Toronto-Dominion Bank, ATB Financial, Jefferies Finance LLC, Royal Bank of Canada, The Bank of Nova Scotia and UBS AG, Stamford Branch.
  • IBERIABANK Names SVP, Director of Music and Entertainment, a division of IBERIABANK Sports & Entertainment Banking
    November 4, 2019
    IBERIABANK, the 132-year-old subsidiary of IBERIABANK Corporation, is pleased to announce that Peggy Dold has been named Senior Vice President and Director of Music and Entertainment in Nashville Tennessee, a division of IBERIABANK's Sports & Entertainment Banking.
  • Corporate Finance Partner Jeffery Norton Rejoins O’Melveny in New York from Dechert
    November 4, 2019
    A highly respected leveraged finance advisor, Norton most recently practiced at two other international law firms, serving as U.S. managing partner and finance practice head at one. In addition to advising direct lenders, middle-market banks, private equity sponsors, and large corporations in domestic and cross-border transactions, Norton has served for more than a decade as counsel to a number of leading international banks.
  • Capital One Provides $285 Million Bridge Loan Refinancing for Seniors Housing Portfolio
    November 4, 2019
    Capital One announced today that closed a $285 million bridge loan to refinance a portfolio of 13 senior living communities owned by Prime Care, LLC. They consist of 1,081 assisted living, 301 memory care, and 85 skilled nursing units located in seven states. Sunrise Senior Living manages 11 of the facilities while Harbor Retirement Associates manages two.
  • TCF Middle Market Banking Provides Secured Financing to Support Slifco Electric, LLC
    November 4, 2019
    TCF Middle Market Banking (TCFMMB), a division of TCF National Bank which is a subsidiary of TCF Financial Corporation (TCF) (NASDAQ: TCF), today announced that it provided secured financing to support Slifco Electric, LLC.
  • Monticello Asset Management Appoints Kim Gordon to Oversee Working Capital Division
    November 4, 2019
    Monticello Asset Management, a New York-based private real estate and asset-based lender, servicer and manager has appointed Kim Gordon as managing director of working capital. Gordon brings over 30 years of commercial lending experience including asset-based lending, with a focus on the healthcare industry.
  • Pengrowth Energy Corporation Announces Transaction With Cona Resources Ltd.
    November 4, 2019
    Pengrowth Energy Corporation (“Pengrowth” or the “Company”) (TSX:PGF, OTCQX:PGHEF) today announced that it has entered into a definitive arrangement agreement (the “Arrangement Agreement”) with Cona Resources Ltd. (the “Purchaser”), a portfolio company of Waterous Energy Fund, pursuant to which the Purchaser has agreed to repay the outstanding principal amount and accrued interest to the date of the Arrangement Agreement owing under the Company’s credit facility (the “Credit Facility”) .
  • Karina Davydov Joins Gemino Healthcare Finance
    November 4, 2019
    We are pleased to announce that Karina Davydov has joined Gemino Healthcare Finance and will also be working with North Mill Capital. Karina brings with her more than fifteen years’ experience in financial services industry most recently in her role as a Healthcare Lender at BankFinancial. She will be focused on marketing and loan origination in the Midwest, based out of Gemino’s Chicago office.
  • Celtic Capital Corporation Announces New Client Relationship
    October 31, 2019
    Celtic Capital Corporation announced its most recent new client relationship – a California-based company that manufactures high end furniture. This borrower had a long-term relationship with its bank but after losses and covenant violations, was asked to seek alternative financing.
  • Hovnanian Enterprises Completes Refinancing Transactions
    October 31, 2019
    Hovnanian Enterprises, Inc. (NYSE:HOV) (“Hovnanian” or the “Company”) announced today that it has closed several refinancing transactions that extend the maturities of over $700 million of the Company’s debt, including addressing all near-term maturities through 2021, as well as proactively extending approximately 50% of its upcoming maturities in 2022 and 2024. Additionally, the Company refinanced its $125 million secured revolving credit facility, which had revolving commitments terminating in December 2019, to a new secured revolving credit facility (the “New Revolver”) maturing in 2022.
  • Finance Transformation Expert David White Joins FTI Consulting
    October 31, 2019
    FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of David White as a Senior Managing Director and Leader of the West region of the Office of the CFO Solutions practice within the Corporate Finance & Restructuring segment.
  • TAB Bank Provides Organic Foods Company in Pennsylvania with a $5.5 Million Asset-Based Credit Facility
    October 31, 2019
    TAB Bank is pleased to announce it has provided a $5.5 million asset-based revolving credit facility for an organic foods company located in Pennsylvania. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
  • BFS Appoints Carol Apicella Senior Vice President and Business Development Officer
    October 31, 2019
    Bibby Financial Services is delighted to announce a new addition to our team, Carol Bader Apicella. Ms. Apicella joined our team in mid-October as a Senior Vice President and Business Development Officer. We look forward to the expert insight Ms. Apicella will bring to BFS.
  • Next Edge Capital Corp. Closes Credit Facility For $47,500,000 From CIBC
    October 31, 2019
    Next Edge Capital Corp. (“Next Edge Capital”) is pleased to announce the closing of a revolving credit facility for $47,500,000 USD with CIBC1 and NELI Canada LP2, a special purpose funding vehicle utilized by the Next Edge Private Debt Fund (the “Fund”).
  • Greypoint Capital Adds Jeffrey Weber To Management Team
    October 31, 2019
    Greypoint Capital Inc. ("Greypoint" and/or "Company"), a Canadian alternative lender for middle market companies, is pleased to announce that Jeffrey Weber has recently joined the Company as Senior Vice President.
  • Wilmington Trust Appoints Alex Pashley as New Head of Structured Finance in the UK
    November 4, 2019
    Wilmington Trust, a leader in corporate and institutional services, has appointed Alex Pashley as Head of Structured Finance in the UK. Based in the firm's London office, he joins the Global Capital Markets European business, reporting to Alan Geraghty, Group Vice President and Head of European Operations.
  • OCC Issues Final Rule to Change Applicability Thresholds for Regulatory Capital and Liquidity Requirements
    November 4, 2019
    The Office of the Comptroller of the Currency (OCC) today announced a final rule to tailor capital and liquidity requirements for certain banking organizations with more than $100 billion in total consolidated assets to more closely match their risk profiles. The final rule builds on the OCC’s existing practice of tailoring capital and liquidity requirements based on the size, complexity, and overall risk profile of banking organizations.
  • Brad Quade Joins First Business as Deputy Chief Credit Officer
    November 4, 2019
    Brad has over 30 years of experience in the banking industry, having worked at both publicly traded and privately owned institutions. He has led successful lending teams in commercial banking, investment real estate, and equipment leasing as well as treasury management services.
  • Citi Commercial Bank Appoints New Head of UK Operations
    November 4, 2019
    In a sign of its ongoing commitment to the UK market, Citi has appointed Bill Stanton as head of its UK Commercial Banking business. Reporting to Raymond Gatcliffe, EMEA Head of Citi Commercial Bank (CCB), Bill will be responsible for leading the UK franchise, serving the mid-market corporate segment across a number of industries.
  • JCPenney Opens New Store With Reimagined Format, New Ideas, New Logo And More
    November 4, 2019
    JCPenney unveiled a new lifestyle store in Hurst, Texas on November 1. This store is brand-redefining and reflects the new management’s strategy to put customers at the center of the business. It tries to reflect what today’s shopper wants from retailers. A year of extensive customer research led to the insights that formed the new store strategy. It is all intended to transform traditional stores and is at the center of JCPenney CEO Jill Soltau’s plan to rebuild and renew the company.
  • Garda World Security Corporation Completes a US$2.552 Billion Refinancing of its Long Term Credit Facilities and Senior Notes
    November 4, 2019
    The Joint Book-Running Managers for the issuance of the Notes are BofA Securities, Inc., Barclays Capital Inc., J.P. Morgan Securities LLC, TD Securities (USA) LLC, Jefferies LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and UBS Securities LLC. The Lenders and Issuing Banks as part of the new credit facilities are JPMorgan Chase Bank, N.A., Bank of America, N.A., Barclays Bank PLC, The Toronto-Dominion Bank, ATB Financial, Jefferies Finance LLC, Royal Bank of Canada, The Bank of Nova Scotia and UBS AG, Stamford Branch.
  • IBERIABANK Names SVP, Director of Music and Entertainment, a division of IBERIABANK Sports & Entertainment Banking
    November 4, 2019
    IBERIABANK, the 132-year-old subsidiary of IBERIABANK Corporation, is pleased to announce that Peggy Dold has been named Senior Vice President and Director of Music and Entertainment in Nashville Tennessee, a division of IBERIABANK's Sports & Entertainment Banking.
  • Corporate Finance Partner Jeffery Norton Rejoins O’Melveny in New York from Dechert
    November 4, 2019
    A highly respected leveraged finance advisor, Norton most recently practiced at two other international law firms, serving as U.S. managing partner and finance practice head at one. In addition to advising direct lenders, middle-market banks, private equity sponsors, and large corporations in domestic and cross-border transactions, Norton has served for more than a decade as counsel to a number of leading international banks.
  • Capital One Provides $285 Million Bridge Loan Refinancing for Seniors Housing Portfolio
    November 4, 2019
    Capital One announced today that closed a $285 million bridge loan to refinance a portfolio of 13 senior living communities owned by Prime Care, LLC. They consist of 1,081 assisted living, 301 memory care, and 85 skilled nursing units located in seven states. Sunrise Senior Living manages 11 of the facilities while Harbor Retirement Associates manages two.
  • TCF Middle Market Banking Provides Secured Financing to Support Slifco Electric, LLC
    November 4, 2019
    TCF Middle Market Banking (TCFMMB), a division of TCF National Bank which is a subsidiary of TCF Financial Corporation (TCF) (NASDAQ: TCF), today announced that it provided secured financing to support Slifco Electric, LLC.
  • Monticello Asset Management Appoints Kim Gordon to Oversee Working Capital Division
    November 4, 2019
    Monticello Asset Management, a New York-based private real estate and asset-based lender, servicer and manager has appointed Kim Gordon as managing director of working capital. Gordon brings over 30 years of commercial lending experience including asset-based lending, with a focus on the healthcare industry.
  • Pengrowth Energy Corporation Announces Transaction With Cona Resources Ltd.
    November 4, 2019
    Pengrowth Energy Corporation (“Pengrowth” or the “Company”) (TSX:PGF, OTCQX:PGHEF) today announced that it has entered into a definitive arrangement agreement (the “Arrangement Agreement”) with Cona Resources Ltd. (the “Purchaser”), a portfolio company of Waterous Energy Fund, pursuant to which the Purchaser has agreed to repay the outstanding principal amount and accrued interest to the date of the Arrangement Agreement owing under the Company’s credit facility (the “Credit Facility”) .
  • Karina Davydov Joins Gemino Healthcare Finance
    November 4, 2019
    We are pleased to announce that Karina Davydov has joined Gemino Healthcare Finance and will also be working with North Mill Capital. Karina brings with her more than fifteen years’ experience in financial services industry most recently in her role as a Healthcare Lender at BankFinancial. She will be focused on marketing and loan origination in the Midwest, based out of Gemino’s Chicago office.
  • Celtic Capital Corporation Announces New Client Relationship
    October 31, 2019
    Celtic Capital Corporation announced its most recent new client relationship – a California-based company that manufactures high end furniture. This borrower had a long-term relationship with its bank but after losses and covenant violations, was asked to seek alternative financing.
  • Hovnanian Enterprises Completes Refinancing Transactions
    October 31, 2019
    Hovnanian Enterprises, Inc. (NYSE:HOV) (“Hovnanian” or the “Company”) announced today that it has closed several refinancing transactions that extend the maturities of over $700 million of the Company’s debt, including addressing all near-term maturities through 2021, as well as proactively extending approximately 50% of its upcoming maturities in 2022 and 2024. Additionally, the Company refinanced its $125 million secured revolving credit facility, which had revolving commitments terminating in December 2019, to a new secured revolving credit facility (the “New Revolver”) maturing in 2022.
  • Finance Transformation Expert David White Joins FTI Consulting
    October 31, 2019
    FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of David White as a Senior Managing Director and Leader of the West region of the Office of the CFO Solutions practice within the Corporate Finance & Restructuring segment.
  • TAB Bank Provides Organic Foods Company in Pennsylvania with a $5.5 Million Asset-Based Credit Facility
    October 31, 2019
    TAB Bank is pleased to announce it has provided a $5.5 million asset-based revolving credit facility for an organic foods company located in Pennsylvania. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
  • BFS Appoints Carol Apicella Senior Vice President and Business Development Officer
    October 31, 2019
    Bibby Financial Services is delighted to announce a new addition to our team, Carol Bader Apicella. Ms. Apicella joined our team in mid-October as a Senior Vice President and Business Development Officer. We look forward to the expert insight Ms. Apicella will bring to BFS.
  • Next Edge Capital Corp. Closes Credit Facility For $47,500,000 From CIBC
    October 31, 2019
    Next Edge Capital Corp. (“Next Edge Capital”) is pleased to announce the closing of a revolving credit facility for $47,500,000 USD with CIBC1 and NELI Canada LP2, a special purpose funding vehicle utilized by the Next Edge Private Debt Fund (the “Fund”).
  • Greypoint Capital Adds Jeffrey Weber To Management Team
    October 31, 2019
    Greypoint Capital Inc. ("Greypoint" and/or "Company"), a Canadian alternative lender for middle market companies, is pleased to announce that Jeffrey Weber has recently joined the Company as Senior Vice President.