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  • MidCap Business Credit LLC Completes $5 Million ABL Facility
    November 5, 2019
    MidCap 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, 2019
    Stelco 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, 2019
    Jupiter 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, 2019
    Delphi Energy Corp. (“Delphi” or the “Company”) announces that the semi-annual borrowing base redetermination of its senior credit facility has been finalized.
  • Equity Residential Announces $2.5 Billion Revolving Credit Facility and Increase to its Commercial Paper Program
    November 5, 2019
    A total of 22 lenders (and in certain cases their affiliates) participated in the operating partnership’s $2.5 billion revolving credit facility, including BofA Securities, Inc., JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC, as Joint Bookrunners and Joint Lead Arrangers. Barclays Bank PLC, Citibank, N.A., Deutsche Bank Securities, Inc., Morgan Stanley Bank, N.A., Royal Bank of Canada, and U.S. Bank National Association acted as Joint Lead Arrangers and Co-Syndication Agents.
  • Derek Carrus Joins Heritage Global Valuations
    November 5, 2019
    Heritage Global Valuations (HGV), a division of Heritage Global Partners, a leading asset liquidation and appraisal firm, announced today the addition of Derek Carrus to its growing valuation team. Mr. Carrus will be based in Heritage’s Boca Raton, Florida office.
  • McGuireWoods Continues Texas Growth With Arrival of Debt Finance Partner Phyllis Young
    November 4, 2019
    Phyllis Young, an accomplished transactional lawyer who advises public and private companies, commercial banks and investment funds in financing transactions and has extensive energy industry experience, has joined McGuireWoods’ debt finance practice as a partner in the firm’s Dallas and Houston offices.
  • North Mill Capital LLC Provides Accounts Receivable Facility
    November 4, 2019
    North Mill Capital LLC announced it has provided a $750,000 accounts receivable facility for Aqua Green Services. The funds were used to pay off the current lender and provide additional working capital for the company.
  • 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.
  • Direct Lenders Provide US$1.6 Billion Loan to Risk Strategies
    November 4, 2019
    Risk Strategies, a national insurance brokerage and risk management firm, has nabbed a US$1.6bn unitranche loan from a group of 10 direct lenders, making it one of the largest ever such loans arranged to date, sources said.