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Cambridge Wilkinson Investment Banking Announces Transaction
November 6, 2019Cambridge Wilkinson has arranged a $50 million senior debt facility for a 15-year-old national specialty finance company that provides consumer-oriented loans and purchases consumer receivables across a number of consumer sub-categories.
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Healthcare Services Executives Predict Another Strong Year Ahead Despite Cooling M&A Outlook
November 6, 2019A Capital One annual survey revealed that healthcare services executives continue to have an optimistic outlook for business performance heading into 2020. Over the next year, more than two-thirds (69%) of executives predict their businesses will perform better compared to the last 12 months, with just 4% expecting a drop in performance in that time period.
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Optima Partners, LLC Establishes Chicago Office and Promotes Capital Markets Partner to Lead Midwest Regional Practice
November 6, 2019Expansion comes in the wake of strong regional client growth and the continued strength of traditional and alternative asset management in the Midwest.
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Pier 1 Hires Debt Restructuring Expert as CEO
November 6, 2019The Fort Worth, Texas-based home furnishings retailer said Monday it named Chief Financial Officer Robert Riesbeck to lead the company. Mr. Riesbeck, a retail veteran with an accounting background, previously led FullBeauty Brands Inc. and HHGregg Inc., which both underwent chapter 11 proceedings during his tenure.
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VersaPay Closes $4 Million Credit Facility with National Bank
November 6, 2019VersaPay Corporation (VPY.V) ("VersaPay"), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, is pleased to announce the closing of a credit facility with National Bank of Canada's Technology and Innovation Banking Group ("NBC"). The facility consists of a $4.0 million revolving credit facility (the "Facility") which matures in April 2021 , extendable thereafter.
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Exchange Income Corporation Secures New Credit Facility
November 6, 2019National Bank Financial Inc., Canadian Imperial Bank of Commerce, and The Toronto-Dominion Bank are Co-Lead Arrangers and Joint Bookrunners to the new facility. National Bank Financial Inc., is Agent, and the follow lenders complete the syndicate; The Bank of Nova Scotia, ATB Financial, Laurentian Bank of Canada, Bank of Montreal, HSBC Bank Canada, Raymond James Finance Company of Canada Ltd., Royal Bank of Canada, Wells Fargo Bank, N.A. Canadian Branch.
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Cheniere Energy, Inc. Announces Intent to Offer $1.0 Billion Senior Secured Notes Due 2029 by Cheniere Corpus Christi Holdings, LLC
November 6, 2019Cheniere Energy, Inc. ("Cheniere") (NYSE American: LNG) announced today that its wholly owned subsidiary, Cheniere Corpus Christi Holdings, LLC ("CCH") intends to offer, subject to market and other conditions, $1.0 billion principal amount of Senior Secured Notes due 2029 ("CCH 2029 Notes").
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Utica Equipment Finance Completes Funding of a Capital Lease Line
November 5, 2019Utica Equipment Finance completed the funding of a capital lease line up to $2.0MM secured by passenger cars to a for-hire vehicle rental car company located in the northeast. Utica provided the working capital for this company to expand and grow operations.
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Calfee, Halter & Griswold LLP Hires Nationally Recognized Bankruptcy and Restructuring Attorney H. Jeffrey Schwartz, Opens New York City Office
November 5, 2019Calfee, Halter & Griswold LLP announced today that H. Jeffrey Schwartz has joined the law firm as partner and co-chair of Calfee’s Business Restructuring and Insolvency practice group. Schwartz will work from Calfee’s Cleveland and newly announced New York City offices.
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Bruin Sports Capital Strikes Partnership With CVC Capital Partners, Jordan Co.
November 5, 2019Bruin Sports Capital, a privately held investing concern founded by George Pyne that invests in and operates sports and entertainment companies, said Tuesday it had entered into a long-term strategic partnership with private equity firms CVC Capital Partners and The Jordan Company. The initial investment from the two companies is $600 million.
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Opus Bank Announces Appointment of William D. Fanter as Head of Retail Banking
November 5, 2019Opus Bank (“Opus”) (NASDAQ: OPB) announced today that William D. Fanter has been appointed Executive Vice President, Head of Retail Banking. Mr. Fanter, a 31-year banking veteran, will be responsible for managing Opus’ Retail Banking division, including overseeing its 46 banking offices located in California, Washington, Oregon, and Arizona.
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JPMorgan Hires Bankers for New Venture Capital Coverage Team
November 5, 2019JPMorgan Chase & Co said on Tuesday that it hired a team of four bankers to lead a new team in its commercial bank that connects venture capital investors with fast-growing start-ups in technology, life sciences and other fields.
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Siena Lending Group LLC Announces an Increase in its Credit Facility with Wells Fargo Bank, N.A. to Over $300 Million
November 5, 2019Siena Lending Group LLC (“Siena”), a leading asset-based lending company, announced today an increase in its senior credit facility with Wells Fargo Bank, N.A. to $312.5 million.
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G2 Capital Advisors Hires Howard Lanser as Head of Capital Markets
November 5, 2019G2 Capital Advisors ("G2"), a leading financial advisory firm is pleased to announce that Howard Lanser has joined the firm as a Managing Director and Head of Capital Markets. Lanser will oversee G2's extensive capital markets platform, partnering with Louise Roussel, Director of Capital Markets in enhancing the firm's execution of complex financings for our clients.
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CIT Leads $80 Million Revolving Credit Facility for AerFin Holdings
November 5, 2019CIT Group Inc. (NYSE: CIT) today announced that its Aerospace, Defense and Government Services business served as administrative agent, security agent and lead lender on an $80 million senior secured revolving credit facility for AerFin Holdings.
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Paul Whyte Joins Wells Fargo’s Corporate & Investment Banking and Commercial Real Estate Groups
November 5, 2019Wells Fargo Wholesale Banking, a division of Wells Fargo & Company (NYSE: WFC), announced today that Paul Whyte is joining its Corporate & Investment Banking (CIB) and Commercial Real Estate (CRE) groups, effective November 12, as a managing director focused on real estate investment banking and hospitality finance.
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MidCap Business Credit LLC Completes $5 Million ABL Facility
November 5, 2019MidCap Business Credit LLC announced today that it has completed a $5 Million Asset Based Credit Facility to Blonder Tongue Laboratories, Inc. (NYSE American: BDR) Headquartered in Old Bridge, NJ, Blonder Tongue Laboratories, Inc. is the oldest designer and manufacturer of cable television video transmission technology in the USA.
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Stelco Announces $100 Million Term Loan
November 5, 2019Stelco Holdings Inc. ("Stelco" or the "Company") (STLC.TO) today announced that its wholly-owned subsidiary, Stelco Inc. ("Stelco Inc.") has amended its asset-based credit facility ("ABL Credit Facility") to include a $100 million secured term loan due August 2023 (the "Loan").
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Jupiter Receives Additional Extension to Credit Facility
November 5, 2019Jupiter Resources Ltd. and its affiliates (collectively, "Jupiter" or the "Company") have received an additional extension to the maturity date, associated with the Company's existing senior secured reserve-based revolving credit facility (the "RBL Facility"), until December 6, 2019.
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Delphi Energy Corp. Announces Extension of Credit Facility
November 5, 2019Delphi Energy Corp. (“Delphi” or the “Company”) announces that the semi-annual borrowing base redetermination of its senior credit facility has been finalized.
-
Cambridge Wilkinson Investment Banking Announces Transaction
November 6, 2019Cambridge Wilkinson has arranged a $50 million senior debt facility for a 15-year-old national specialty finance company that provides consumer-oriented loans and purchases consumer receivables across a number of consumer sub-categories.
-
Healthcare Services Executives Predict Another Strong Year Ahead Despite Cooling M&A Outlook
November 6, 2019A Capital One annual survey revealed that healthcare services executives continue to have an optimistic outlook for business performance heading into 2020. Over the next year, more than two-thirds (69%) of executives predict their businesses will perform better compared to the last 12 months, with just 4% expecting a drop in performance in that time period.
-
Optima Partners, LLC Establishes Chicago Office and Promotes Capital Markets Partner to Lead Midwest Regional Practice
November 6, 2019Expansion comes in the wake of strong regional client growth and the continued strength of traditional and alternative asset management in the Midwest.
-
Pier 1 Hires Debt Restructuring Expert as CEO
November 6, 2019The Fort Worth, Texas-based home furnishings retailer said Monday it named Chief Financial Officer Robert Riesbeck to lead the company. Mr. Riesbeck, a retail veteran with an accounting background, previously led FullBeauty Brands Inc. and HHGregg Inc., which both underwent chapter 11 proceedings during his tenure.
-
VersaPay Closes $4 Million Credit Facility with National Bank
November 6, 2019VersaPay Corporation (VPY.V) ("VersaPay"), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, is pleased to announce the closing of a credit facility with National Bank of Canada's Technology and Innovation Banking Group ("NBC"). The facility consists of a $4.0 million revolving credit facility (the "Facility") which matures in April 2021 , extendable thereafter.
-
Exchange Income Corporation Secures New Credit Facility
November 6, 2019National Bank Financial Inc., Canadian Imperial Bank of Commerce, and The Toronto-Dominion Bank are Co-Lead Arrangers and Joint Bookrunners to the new facility. National Bank Financial Inc., is Agent, and the follow lenders complete the syndicate; The Bank of Nova Scotia, ATB Financial, Laurentian Bank of Canada, Bank of Montreal, HSBC Bank Canada, Raymond James Finance Company of Canada Ltd., Royal Bank of Canada, Wells Fargo Bank, N.A. Canadian Branch.
-
Cheniere Energy, Inc. Announces Intent to Offer $1.0 Billion Senior Secured Notes Due 2029 by Cheniere Corpus Christi Holdings, LLC
November 6, 2019Cheniere Energy, Inc. ("Cheniere") (NYSE American: LNG) announced today that its wholly owned subsidiary, Cheniere Corpus Christi Holdings, LLC ("CCH") intends to offer, subject to market and other conditions, $1.0 billion principal amount of Senior Secured Notes due 2029 ("CCH 2029 Notes").
-
Utica Equipment Finance Completes Funding of a Capital Lease Line
November 5, 2019Utica Equipment Finance completed the funding of a capital lease line up to $2.0MM secured by passenger cars to a for-hire vehicle rental car company located in the northeast. Utica provided the working capital for this company to expand and grow operations.
-
Calfee, Halter & Griswold LLP Hires Nationally Recognized Bankruptcy and Restructuring Attorney H. Jeffrey Schwartz, Opens New York City Office
November 5, 2019Calfee, Halter & Griswold LLP announced today that H. Jeffrey Schwartz has joined the law firm as partner and co-chair of Calfee’s Business Restructuring and Insolvency practice group. Schwartz will work from Calfee’s Cleveland and newly announced New York City offices.
-
Bruin Sports Capital Strikes Partnership With CVC Capital Partners, Jordan Co.
November 5, 2019Bruin Sports Capital, a privately held investing concern founded by George Pyne that invests in and operates sports and entertainment companies, said Tuesday it had entered into a long-term strategic partnership with private equity firms CVC Capital Partners and The Jordan Company. The initial investment from the two companies is $600 million.
-
Opus Bank Announces Appointment of William D. Fanter as Head of Retail Banking
November 5, 2019Opus Bank (“Opus”) (NASDAQ: OPB) announced today that William D. Fanter has been appointed Executive Vice President, Head of Retail Banking. Mr. Fanter, a 31-year banking veteran, will be responsible for managing Opus’ Retail Banking division, including overseeing its 46 banking offices located in California, Washington, Oregon, and Arizona.
-
JPMorgan Hires Bankers for New Venture Capital Coverage Team
November 5, 2019JPMorgan Chase & Co said on Tuesday that it hired a team of four bankers to lead a new team in its commercial bank that connects venture capital investors with fast-growing start-ups in technology, life sciences and other fields.
-
Siena Lending Group LLC Announces an Increase in its Credit Facility with Wells Fargo Bank, N.A. to Over $300 Million
November 5, 2019Siena Lending Group LLC (“Siena”), a leading asset-based lending company, announced today an increase in its senior credit facility with Wells Fargo Bank, N.A. to $312.5 million.
-
G2 Capital Advisors Hires Howard Lanser as Head of Capital Markets
November 5, 2019G2 Capital Advisors ("G2"), a leading financial advisory firm is pleased to announce that Howard Lanser has joined the firm as a Managing Director and Head of Capital Markets. Lanser will oversee G2's extensive capital markets platform, partnering with Louise Roussel, Director of Capital Markets in enhancing the firm's execution of complex financings for our clients.
-
CIT Leads $80 Million Revolving Credit Facility for AerFin Holdings
November 5, 2019CIT Group Inc. (NYSE: CIT) today announced that its Aerospace, Defense and Government Services business served as administrative agent, security agent and lead lender on an $80 million senior secured revolving credit facility for AerFin Holdings.
-
Paul Whyte Joins Wells Fargo’s Corporate & Investment Banking and Commercial Real Estate Groups
November 5, 2019Wells Fargo Wholesale Banking, a division of Wells Fargo & Company (NYSE: WFC), announced today that Paul Whyte is joining its Corporate & Investment Banking (CIB) and Commercial Real Estate (CRE) groups, effective November 12, as a managing director focused on real estate investment banking and hospitality finance.
-
MidCap Business Credit LLC Completes $5 Million ABL Facility
November 5, 2019MidCap Business Credit LLC announced today that it has completed a $5 Million Asset Based Credit Facility to Blonder Tongue Laboratories, Inc. (NYSE American: BDR) Headquartered in Old Bridge, NJ, Blonder Tongue Laboratories, Inc. is the oldest designer and manufacturer of cable television video transmission technology in the USA.
-
Stelco Announces $100 Million Term Loan
November 5, 2019Stelco Holdings Inc. ("Stelco" or the "Company") (STLC.TO) today announced that its wholly-owned subsidiary, Stelco Inc. ("Stelco Inc.") has amended its asset-based credit facility ("ABL Credit Facility") to include a $100 million secured term loan due August 2023 (the "Loan").
-
Jupiter Receives Additional Extension to Credit Facility
November 5, 2019Jupiter Resources Ltd. and its affiliates (collectively, "Jupiter" or the "Company") have received an additional extension to the maturity date, associated with the Company's existing senior secured reserve-based revolving credit facility (the "RBL Facility"), until December 6, 2019.
-
Delphi Energy Corp. Announces Extension of Credit Facility
November 5, 2019Delphi Energy Corp. (“Delphi” or the “Company”) announces that the semi-annual borrowing base redetermination of its senior credit facility has been finalized.
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