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Huntington Bancshares Incorporated Announces Additions To The Executive Leadership Team Structure For Combined Company Following TCF Merger
Huntington Bancshares Incorporated (Nasdaq: HBAN; www.huntington.com) today announced that Tom Shafer, CEO of TCF National Bank, will join Huntington's Executive Leadership Team as co-President of Commercial Banking following the completion of Huntington's merger with TCF, which is expected to occur late in the second quarter, subject to the satisfaction of customary closing conditions.

Mike Jones, President & COO of TCF Bank, also will join Huntington's Executive Leadership Team as Senior Executive Vice President. Jones will be Huntington's senior executive and community leader in Minnesota and Colorado as Chair for Minnesota and Colorado. He will be responsible for the strategic growth and expansion of Huntington in these critical markets, as well as for deepening Huntington's commitment to invest in local communities. 

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  • Finitive Facilitates $100 Million Loan in the Equipment Leasing Sector
    March 18, 2020
    Finitive's platform, which includes a network of 500 institutional investors, allows it to efficiently match non-bank lenders with investors based on criteria such as asset class, loan size, target yield range and more.
  • INAP Takes Action to Strengthen Capital Structure for the Future, Entering into Restructuring Support Agreement with Ad Hoc Lender Group
    March 18, 2020
    Internap Corporation today announced definitive steps through which it expects to significantly reduce debt and extend maturities, equipping INAP to generate the cash flows needed to grow the business and reinvest in its products and customers. To support this strengthening of its capital structure, INAP entered into a Restructuring Support Agreement (the "RSA") with an ad hoc lender group (the "Ad Hoc Lender Group") holding approximately 77% of its outstanding term loans. With support of the Ad Hoc Lender Group, INAP and each of its U.S. subsidiaries filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.
  • M&P Secures the Re-Profiling of Its Debt Repayments
    March 18, 2020
    Etablissements Maurel & Prom announces the signature of amendment agreements to re-profile the repayment of its two debt facilities, the $600 million term loan with a syndicate of lenders and the $200 million loan from M&P’s controlling shareholder PT Pertamina International Eksplorasi Dan Produksi. The banks participating in the Term Loan are Bank of Tokyo-Mitsubishi UFJ, Natixis, PT Bank Mandiri, Sumitomo Mitsui Banking, Crédit Agricole, DBS, ING, HSBC and PT Bank Negara Indonesia.
  • Radiant Logistics Announces New $150M Secured Credit Facility
    March 18, 2020
    BofA Securities, Inc. acted as the sole book runner and sole lead arranger for the syndicated credit facility. Bank of Montreal acted as lender and syndication agent. MUFG Union Bank, N.A. acted as lender and documentation agent. Bank of America, N.A., Keybank National Association and Washington Federal Bank, National Association also acted as lenders. Bank of America, N.A. will also serve as administrative agent.
  • Newpoint Advisors Appointed the First Trustee in New Bankruptcy Code
    March 18, 2020
    Newpoint Advisors Corp., a national financial advisory firm focused on small companies, announced a senior staff member has become the first Trustee appointed to a case under Subchapter V of the Small Business Reorganization Act of 2019 (SBRA) that went into effect on February 19, 2020, Subchapter V Trustee Tim Stone, a Senior Managing Director at Newpoint, was named Trustee for the first case filed under the new law in the Middle District of Tennessee. Plans are expected to be finalized within 90 days of the filing.
  • Troutman Sanders and Pepper Hamilton Postpone Merger in Response to Covid-19 Pandemic
    March 18, 2020
    National duo delay deal to the summer as leaders of newly merged Faegre Drinker praise staff for level of collaboration in face of crisis.
  • Financial Agencies Urged To Halt All Non-COVID Rulemakings
    March 18, 2020
    A top Senate Democrat is calling for federal financial regulators to shelve all their rulemaking projects that aren't directly related to the COVID-19 pandemic, saying their attentions right now need to be on protecting the financial system and mitigating economic fallout from the outbreak.
  • Business Capital Delivers $8M Financing for Pharmaceutical Company
    March 18, 2020
    Business Capital structured and delivered an $8M secured asset-based credit facility for Nivagen Pharmaceuticals, a specialty company that develops and sells generic prescription drugs for the North American market. Nivagen is focused on building a sustainable portfolio of therapeutics, which treat a wide variety of ailments, and has launched over 15 generic products which are sold through multiple channels
  • Heinan Landa, CEO and Founder of Optimal Networks, a Globally-ranked IT Services Firm, Provides Online Security Tips
    March 18, 2020
    As the coronavirus continues to spread, cybercriminals are using this public health crisis to spread phishing emails and create malicious domains for a variety of fraud -- targeting major companies and people working from home. Heinan Landa, CEO and Founder of Optimal Networks, a globally-ranked IT services firm, and author of The Modern Law Firm: How to Thrive in an Era of Rapid Technological Change can discuss online security and what you can do to protect yourself.
  • Citizens M&A Advisory Exclusively Advises DASCO Home Medical Equipment on Recapitalization
    March 17, 2020
    Citizens M&A Advisory announced today that it served as the exclusive financial advisor to DASCO Home Medical Equipment in its recapitalization by Silver Oak Service Partners. DASCO will continue to operate under the leadership of CEO Rachel Mazur and President Jason Seeley. Headquartered in Westerville, Ohio, DASCO is a leading regional distributor of durable medical equipment, specializing in respiratory equipment such as home oxygen, non-invasive ventilation and CPAP equipment for sleep apnea.
  • Citizens M&A Advisory Advises TopBloc on its Recapitalization by BV Investment Partners
    March 17, 2020
    Citizens M&A Advisory served as the exclusive financial advisor to TopBloc, a Workday (NASDAQ: WDAY) services partner and provider of fixed-time, fixed-price Workday deployment services and on-demand Workday support, on its recapitalization by BV Investment Partners ("BV"), a Boston-based private equity firm focused on information and business services and communications industries.
  • NFIB Study: Coronavirus Impact on Small Businesses
    March 17, 2020
    The NFIB Research Center released the following data today on the impact Coronavirus has had on small businesses: The NFIB Research Center’s new survey on the current impact of the coronavirus outbreak on small business found that while most small businesses are not currently impacted, owners are concerned about future disruptions if the outbreak continues to escalate.
  • Antares and Bain Capital Credit Support AE Industrial Partners’ Acquisition of G.S. Precision
    March 17, 2020
    The Antares Bain Capital Complete Financing Solution (“ABCS”), a joint venture between Antares and Bain Capital Credit, today announced the closing of a senior secured unitranche credit facility to support the acquisition of G.S. Precision by AE Industrial Partners (“AEI”).
  • UPM Signs a EUR 750 Million Revolving Credit Facility With a Margin Tied to Long-term Biodiversity and Climate Targets
    March 17, 2020
    BNP Paribas acted as a sustainability coordinator for the facility. “Promoting biodiversity through finance is an essential lever in tackling the climate crisis. As a bank committed to innovation towards the transition, we are proud to support UPM in their strategy to accelerate sustainable forest management through finance. This transaction highlights the positive role of sustainable finance to link to progressive decarbonisation targets, which can jointly protect ecosystems,” says Marjo Liukkonen Lazaro, Head of BNP Paribas Finland.
  • TransAct Technologies Secures New $10 Million Revolving Credit Facility
    March 17, 2020
    TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today entered into a new $10 million asset based revolving credit facility, replacing the Company’s existing $20 million credit facility.
  • Consumer Products and Digital Expert Rob Denardo Joins AlixPartners as a Managing Director
    March 17, 2020
    AlixPartners, the global consulting firm, announced today that consumer products and digital expert Rob DeNardo has joined as a Managing Director in the firm’s worldwide consumer products practice. He will be based in AlixPartners’ Chicago office. Rob brings more than 20 years of strategy and operations experience, helping companies define transformations to deliver exceptional value and to enable competitive advantage and growth with proven results. In addition to North America, he has also worked extensively in Europe and Asia.
  • INTL FCStone Financial adds industry veteran Drew Doscher as Head of Distressed Debt
    March 17, 2020
    INTL FCStone Inc. (NASDAQ: INTL) today announced that the Fixed Income Division of its wholly owned subsidiary, INTL FCStone Financial Inc. (“the Company”), has hired Drew Doscher as Head of Distressed Debt Sales and Trading. Doscher will build INTL FCStone Financial’s distressed debt trading capabilities and lead the Company’s strategy for distressed loans and debt, private credit, private equity, trade claims and litigation stubs.
  • Allied Affiliated Funding Appoints Kimberly Smotherman, Chief Credit Officer, Factoring & ABL
    March 17, 2020
    Prior to joining Allied, Smotherman was the Chief Operating Officer/Risk Management Lead of Power Funding, Ltd. where she oversaw the underwriting department and risk/credit management. Before then, she was the Corporate Manager at Swan Transportation Services, LLC for 11 years where she became a Transportation Intermediaries Association Certified Transportation Broker.
  • Mandalay Resources Corporation Announces Syndicated $65M Credit Facility and Redemption of Gold Bonds
    March 17, 2020
    Mandalay Resources Corporation is pleased to announce that it has entered into a credit agreement with HSBC Bank Canada and Macquarie Bank Limited providing for (i) a senior secured revolving credit facility in an aggregate amount of up to US$25 million and (ii) a senior secured term credit facility in an aggregate amount of up to US$40 million. The Syndicated Facility amends and restates the Company’s existing bilateral US$40 million revolving credit facility with HSBC, which was scheduled to mature on July 24, 2020.
  • Huntington Business Credit Closes $24 Million in Credit Facilities With Chicago American Manufacturing, LLC
    March 16, 2020
    Huntington Business Credit announced it closed new $24,400,000 credit facilities with Chicago American Manufacturing, LLC on February 20, 2020. Proceeds of the facilities were used to refinance existing debt and provide ongoing working capital growth financing.

 

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