• UMB Capital Finance Continues to Fund Millions in Senior Debt Capital Needs
    November 11, 2019
    UMB Capital Finance, through Marquette Business Credit, LLC, continues to fund millions in senior debt capital needs with the recent closings of two asset-based credit facilities. These new, secured lines provide further financing resources for Midwest Quality Gloves, Inc. and TJ Hale Company, LLC.
  • Monroe Capital Corporation BDC Announces Third Quarter 2019 Results
    November 11, 2019
    Monroe Capital Corporation (Nasdaq: MRCC) (“Monroe”) today announced its financial results for the third quarter ended September 30, 2019.
  • Electrovaya Closes Credit Facility Agreement to Finance Purchase Orders
    November 11, 2019
    Electrovaya Inc. ("Electrovaya" or the "Company") (EFL.TO) (EFLVF) today announced that it has closed an agreement with a Canadian financial institution for a secured Cdn $5.5 million credit facility. The facility will support fulfilment of Electrovaya's recently announced purchase orders.
  • Howard Brownstein Named Fellow of American Bar Foundation
    November 10, 2019
    The Brownstein Corporation is pleased to announce that its CEO, Howard Brod Brownstein, has been named a Fellow of the American Bar Foundation. The Fellows of the American Bar Foundation (ABF) comprise a global honorary society of lawyers, judges, law faculty, and legal scholars who have demonstrated outstanding leadership in the profession and service to society.
  • J D Factors Announces Factoring Facilities
    November 10, 2019
  • Stonebriar Closes its Largest Securitization Transaction To Date at $685 Million
    November 10, 2019
    Stonebriar Commercial Finance (“Stonebriar”), a leading independent large-ticket commercial finance company, announced that it has closed its sixth commercial equipment asset-backed securitization (“ABS”), SCFET 2019-2, a $685 million ABS issuance with top tranches rated triple A.
  • Lake City Bank Promotes Stephanie R. Leniski to head Retail Banking division
    November 8, 2019
    Lake City Bank is pleased to announce that it has promoted Stephanie R. Leniski to Senior Vice President, Retail Banking Manager, a position in which she leads the Retail division for Lake City Bank, and joins the bank’s Management Committee. Leniski succeeds Kevin L. Deardorff, Executive Vice President, who has led the Retail Banking business since 1990.
  • We're Branching Out! Industrial Bank Acquires City National Bank of New Jersey in Newark
    November 8, 2019
    Since 1934, Industrial Bank has played a pivotal role in the growth and economic development of the Washington, DC metropolitan area through its essential products and services, customer care and community service. Today, the Bank announced it has acquired City National Bank of New Jersey, with two branches in New Jersey and one branch in Harlem, New York.
  • Bank of Southern California Names Troy Perry Managing Director, Business Banking
    November 8, 2019
    Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Troy Perry has joined the company as Managing Director of Business Banking. He will be responsible for broadening Bank of Southern California's market presence by actively seeking new business opportunities throughout Los Angeles' Westside
  • Wells Fargo Names William M. Daley Vice Chairman of Public Affairs
    November 8, 2019
    Wells Fargo & Company (NYSE: WFC) today announced that William M. Daley has been named Vice Chairman of Public Affairs, effective November 13, 2019. Daley will serve on the Operating Committee and will report directly to CEO Charles Scharf.
  • TAB Bank Provides Commercial Printing Company in Illinois with a $3 Million Asset-Based Credit Facility
    November 8, 2019
    TAB Bank is pleased to announce it has provided a $3 million asset-based revolving credit facility for a commercial printing company located in Illinois. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The company provides print, marketing, and technology services for Fortune 500 clients.
  • Metro Phoenix Bank Expands its National Outdoor Media Lending Footprint into Times Square
    November 8, 2019
    Metro Phoenix Bank (MPHX) ("MPB") announced a sizable credit facility to Greyline Outdoor Advertising, further solidifying itself as a national leader in outdoor media lending. Greyline Outdoor Advertising is the 2nd largest outdoor advertising company in the greater Western New York region and is now expanding into New York City.
  • McDermott Super-Senior Debt May Be Prelude to a Bankruptcy Loan
    November 8, 2019
    McDermott International Inc.’s $1.7 billion super-senior credit facility could give an indication of terms if the struggling engineering and construction firm were to convert the debt into a bankruptcy loan. The facility consists of a $1.3 billion term loan and $400 million in letters of credit.
  • RPT Realty Announces Closing of Amended and Restated Unsecured Credit Agreement
    November 8, 2019
    KeyBanc Capital Markets Inc., BMO Capital Markets, and Capital One, National Association served as joint-lead arrangers for the Facility with KeyBank National Association as administrative agent and BMO Capital Markets and Capital One, National Association as syndication agents. Branch Banking and Trust Company served as documentation agent.
  • CoreSite Announces Amended and Expanded Credit Facility
    November 8, 2019
    CoreSite Realty Corporation (COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced that it has extended its debt maturity profile and expanded its credit facility with total borrowing capacity of $1.15 billion, including all arrangements with its syndicate of banks.
  • Frontier Communications Seeking New CEO Ahead of Restructuring
    November 8, 2019
    Frontier Communications Corp. has started the search for new management to take over the company after it completes what could be the biggest telecom restructuring in nearly two decades, according to people with knowledge of the matter
  • Spirit of Texas Bancshares, Inc. Completes Acquisition Of Chandler Bancorp, Inc.
    November 7, 2019
    Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) ("Spirit"), the holding company for Spirit of Texas Bank, completed its acquisition of Chandler Bancorp, Inc. and its subsidiary, Citizens State Bank (together, "Citizens"), on November 5, 2019. Under the terms of the definitive agreement, Spirit issued 2,100,000 shares of common stock and paid an aggregate of $17,900,000 million in cash to the sole shareholder of Chandler Bancorp.
  • U.S. Bank Hires Dr. Tanushree Luke as Head of Artificial Intelligence
    November 7, 2019
    U.S. Bank has hired technology leader Dr. Tanushree Luke to lead Artificial Intelligence (AI) efforts at the company. In this role, she will drive the continued development of the AI practice within the U.S. Bank Innovation group and AI strategies across the enterprise.
  • Golub Capital Agents $1.6 Billion Loan To Support The Refinancing Of Risk Strategies By Kelso & Company
    November 7, 2019
    Golub Capital acted as the Administrative Agent on a $1.6 billion GOLD facility to support the refinancing of Risk Strategies, a portfolio company of Kelso & Company. GOLD financings are Golub Capital One-Loan Debt facilities. The deal represents Golub Capital’s largest unitranche loan to date.
  • Crossroads Provides $12 Million Inventory Revolver for the Benefit of a Distributor, Retailer and Wholesaler of Interior Fabrics
    November 7, 2019
    Crossroads Financial, a leading provider of inventory financing, has recently provided a $12 million inventory revolver for the benefit of a distributor, retailer and wholesaler of interior fabrics.
  • UMB Capital Finance Continues to Fund Millions in Senior Debt Capital Needs
    November 11, 2019
    UMB Capital Finance, through Marquette Business Credit, LLC, continues to fund millions in senior debt capital needs with the recent closings of two asset-based credit facilities. These new, secured lines provide further financing resources for Midwest Quality Gloves, Inc. and TJ Hale Company, LLC.
  • Monroe Capital Corporation BDC Announces Third Quarter 2019 Results
    November 11, 2019
    Monroe Capital Corporation (Nasdaq: MRCC) (“Monroe”) today announced its financial results for the third quarter ended September 30, 2019.
  • Electrovaya Closes Credit Facility Agreement to Finance Purchase Orders
    November 11, 2019
    Electrovaya Inc. ("Electrovaya" or the "Company") (EFL.TO) (EFLVF) today announced that it has closed an agreement with a Canadian financial institution for a secured Cdn $5.5 million credit facility. The facility will support fulfilment of Electrovaya's recently announced purchase orders.
  • Howard Brownstein Named Fellow of American Bar Foundation
    November 10, 2019
    The Brownstein Corporation is pleased to announce that its CEO, Howard Brod Brownstein, has been named a Fellow of the American Bar Foundation. The Fellows of the American Bar Foundation (ABF) comprise a global honorary society of lawyers, judges, law faculty, and legal scholars who have demonstrated outstanding leadership in the profession and service to society.
  • J D Factors Announces Factoring Facilities
    November 10, 2019
  • Stonebriar Closes its Largest Securitization Transaction To Date at $685 Million
    November 10, 2019
    Stonebriar Commercial Finance (“Stonebriar”), a leading independent large-ticket commercial finance company, announced that it has closed its sixth commercial equipment asset-backed securitization (“ABS”), SCFET 2019-2, a $685 million ABS issuance with top tranches rated triple A.
  • Lake City Bank Promotes Stephanie R. Leniski to head Retail Banking division
    November 8, 2019
    Lake City Bank is pleased to announce that it has promoted Stephanie R. Leniski to Senior Vice President, Retail Banking Manager, a position in which she leads the Retail division for Lake City Bank, and joins the bank’s Management Committee. Leniski succeeds Kevin L. Deardorff, Executive Vice President, who has led the Retail Banking business since 1990.
  • We're Branching Out! Industrial Bank Acquires City National Bank of New Jersey in Newark
    November 8, 2019
    Since 1934, Industrial Bank has played a pivotal role in the growth and economic development of the Washington, DC metropolitan area through its essential products and services, customer care and community service. Today, the Bank announced it has acquired City National Bank of New Jersey, with two branches in New Jersey and one branch in Harlem, New York.
  • Bank of Southern California Names Troy Perry Managing Director, Business Banking
    November 8, 2019
    Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Troy Perry has joined the company as Managing Director of Business Banking. He will be responsible for broadening Bank of Southern California's market presence by actively seeking new business opportunities throughout Los Angeles' Westside
  • Wells Fargo Names William M. Daley Vice Chairman of Public Affairs
    November 8, 2019
    Wells Fargo & Company (NYSE: WFC) today announced that William M. Daley has been named Vice Chairman of Public Affairs, effective November 13, 2019. Daley will serve on the Operating Committee and will report directly to CEO Charles Scharf.
  • TAB Bank Provides Commercial Printing Company in Illinois with a $3 Million Asset-Based Credit Facility
    November 8, 2019
    TAB Bank is pleased to announce it has provided a $3 million asset-based revolving credit facility for a commercial printing company located in Illinois. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The company provides print, marketing, and technology services for Fortune 500 clients.
  • Metro Phoenix Bank Expands its National Outdoor Media Lending Footprint into Times Square
    November 8, 2019
    Metro Phoenix Bank (MPHX) ("MPB") announced a sizable credit facility to Greyline Outdoor Advertising, further solidifying itself as a national leader in outdoor media lending. Greyline Outdoor Advertising is the 2nd largest outdoor advertising company in the greater Western New York region and is now expanding into New York City.
  • McDermott Super-Senior Debt May Be Prelude to a Bankruptcy Loan
    November 8, 2019
    McDermott International Inc.’s $1.7 billion super-senior credit facility could give an indication of terms if the struggling engineering and construction firm were to convert the debt into a bankruptcy loan. The facility consists of a $1.3 billion term loan and $400 million in letters of credit.
  • RPT Realty Announces Closing of Amended and Restated Unsecured Credit Agreement
    November 8, 2019
    KeyBanc Capital Markets Inc., BMO Capital Markets, and Capital One, National Association served as joint-lead arrangers for the Facility with KeyBank National Association as administrative agent and BMO Capital Markets and Capital One, National Association as syndication agents. Branch Banking and Trust Company served as documentation agent.
  • CoreSite Announces Amended and Expanded Credit Facility
    November 8, 2019
    CoreSite Realty Corporation (COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced that it has extended its debt maturity profile and expanded its credit facility with total borrowing capacity of $1.15 billion, including all arrangements with its syndicate of banks.
  • Frontier Communications Seeking New CEO Ahead of Restructuring
    November 8, 2019
    Frontier Communications Corp. has started the search for new management to take over the company after it completes what could be the biggest telecom restructuring in nearly two decades, according to people with knowledge of the matter
  • Spirit of Texas Bancshares, Inc. Completes Acquisition Of Chandler Bancorp, Inc.
    November 7, 2019
    Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) ("Spirit"), the holding company for Spirit of Texas Bank, completed its acquisition of Chandler Bancorp, Inc. and its subsidiary, Citizens State Bank (together, "Citizens"), on November 5, 2019. Under the terms of the definitive agreement, Spirit issued 2,100,000 shares of common stock and paid an aggregate of $17,900,000 million in cash to the sole shareholder of Chandler Bancorp.
  • U.S. Bank Hires Dr. Tanushree Luke as Head of Artificial Intelligence
    November 7, 2019
    U.S. Bank has hired technology leader Dr. Tanushree Luke to lead Artificial Intelligence (AI) efforts at the company. In this role, she will drive the continued development of the AI practice within the U.S. Bank Innovation group and AI strategies across the enterprise.
  • Golub Capital Agents $1.6 Billion Loan To Support The Refinancing Of Risk Strategies By Kelso & Company
    November 7, 2019
    Golub Capital acted as the Administrative Agent on a $1.6 billion GOLD facility to support the refinancing of Risk Strategies, a portfolio company of Kelso & Company. GOLD financings are Golub Capital One-Loan Debt facilities. The deal represents Golub Capital’s largest unitranche loan to date.
  • Crossroads Provides $12 Million Inventory Revolver for the Benefit of a Distributor, Retailer and Wholesaler of Interior Fabrics
    November 7, 2019
    Crossroads Financial, a leading provider of inventory financing, has recently provided a $12 million inventory revolver for the benefit of a distributor, retailer and wholesaler of interior fabrics.
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