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  • Prominent Energy M&A Partner Rejoins Latham & Watkins in Houston
    February 12, 2020
    Latham & Watkins LLP is pleased to announce that Justin T. Stolte has returned to the firm's Houston office as a partner in the Corporate Department and member of the Mergers & Acquisitions Practice. Stolte draws on a unique combination of technical, legal, and business experience regularly representing clients in complex transactions across the energy sector.
  • Wells Fargo Announces Organizational Changes
    February 12, 2020
    Wells Fargo & Company (NYSE: WFC) today announced the appointment of several new business leaders and changes designed to create a flatter line of business organizational structure and provide leaders with clear authority, accountability, and responsibility. The new model has five line of business CEOs, each reporting to Wells Fargo CEO Charlie Scharf and represented on the company’s Operating Committee.
  • Can Macy’s Save Itself?
    February 12, 2020
    Macy’s has a three-year plan to turn around flagging sales, but experts say it might be too little, too late for the iconic U.S. retailer.
  • Austin Financial Services Provides $6.3MM for Revolving and Term Loan Credit Facilities to a Meal Production Company with National Presence
    February 12, 2020
    Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $6.3MM AR and Inventory revolver with M&E and Capex Term Loans to a company who provides meal production & delivery service to hospitals, skilled nursing homes, long-term care facilities and catering companies throughout the country.
  • North America M&A Activity Analysis-Q4 2019
    February 12, 2020
    The North America region witnessed a slump in mergers and acquisition (M&A) deal volume in the fourth quarter (Q4) of 2019, according to GlobalData, a leading data and analytics company. M&A activity within the North America region witnessed a down trend, with the region experiencing a decrease from 3,149 M&A deals in Q4 2018 to 2,851 M&A deals in Q4 2019.
  • Peoples Financial Corporation Announces Officer Promotions
    February 11, 2020
    The board of directors of Peoples Financial Corporation (OTCQX Best Market: PFBX), parent of The Peoples Bank ("bank"), today announced the promotions of Karen B. Arguelles to Vice President (Commercial Lending), Brian J. Kozlowski to Senior Vice President and Chief Administrative Officer and A. Tanner Swetman to Senior Vice President and Chief Operating Officer.
  • Business Capital Delivers Financing For Bay Area Medical Clinic
    February 11, 2020
    Business Capital structured and delivered approximately $6MM in senior secured loans for NOVA IVF, a clinic established in 1987, providing in vitro fertilization (IVF) treatments with a consistent success rate well above average nationwide.
  • Angelo Gordon Raises $1.8 Billion for Inaugural Credit Solutions Fund
    February 11, 2020
    Angelo, Gordon & Co., L.P. (“Angelo Gordon” or the “Firm”), a $38 billion alternative investment firm focused on credit and real estate investing, announced today the final closing of AG Credit Solutions Fund, L.P. (the “Fund”) with $1.8 billion of equity commitments.
  • Earth Fare Enlists Firms to Market Stores, Intellectual Property
    February 11, 2020
    Earth Fare, which filed for Chapter 11 bankruptcy protection last week, has retained A&G Real Estate Partners to market and sell all of its stores and leases and Hilco Streamback to do the same for its intellectual property.
  • PQ Group Holdings Announces Successful Repricing and Extension of Term Loan Facility
    February 11, 2020
    PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts, materials, chemicals, and services, announced today that its indirect, wholly owned subsidiary, PQ Corporation (the “Company”) has successfully secured commitments to amend its existing senior secured term loan facility (the “Amended Term Loan Facility”) in an aggregate principal amount of $947.5 million at a lower interest rate margin and with an extended maturity.
  • Alleon Healthcare Capital Provides a $750,000 Medical Accounts Receivable Financing Facility to a Pennsylvania-Based Pharmacy
    February 11, 2020
    The Company is a 20-year old multi-state licensed, independently owned pharmacy provider. In 2015 the Company created the my-medPak Medication Management Program. This program provides a simple and safe solution to help manage a patient’s medications at no additional cost. The Company sorts and delivers patient medications in customized medPaks with a care team that provides the added support to ensure patients adherence to their medication protocol.
  • Uniti Group Inc. Announces Closing of Senior Secured Notes Offering and Effectiveness of Credit Agreement Amendment
    February 10, 2020
    The Issuers used the net proceeds from the offering to repay all $2.05 billion of outstanding borrowings under Uniti’s term loan facility and $156.7 million of outstanding borrowings under Uniti’s revolving credit facility (and terminated related revolving commitments in an amount equal to $157.6 million).
  • Oncor Electric Delivery Secures $450M Term Loan
    February 10, 2020
    Oncor Electric Delivery Co. LLC entered a term loan credit agreement for $450 million with certain lenders and Sumitomo Mitsui Banking Corp. as the administrative agent. The Sempra Energy subsidiary can borrow the full loan amount in up to four borrowings at any time before April 27, according to a Jan. 30 filing.
  • Dean Nordlinger Joins Blank Rome as Corporate Partner in D.C.
    February 10, 2020
    Blank Rome LLP is pleased to announce that Dean S. Nordlinger has joined the Firm’s Washington, D.C., office as a Partner in the Corporate, M&A, and Securities group, which welcomed Partner Stacy H. Louizos earlier this week in the New York office. Dean brings more than 20 years of experience representing privately held and closely held companies of all sizes, private equity firms, and entrepreneurs from a broad range of industries.
  • H.I.G. Bayside Capital Promotes Andrew Scotland to Co-Head of Special Situations Debt in Europe
    February 10, 2020
    H.I.G. Bayside Capital (“Bayside”), the distressed debt and special situation affiliate of H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with over €31 billion of equity capital under management, is pleased to announce the promotion of Andrew Scotland to Co-Head of the firm's European special situations debt activities. Andrew will co-head alongside Bayside Managing Director Duncan Priston.
  • Valeritas Announces Agreement for Zealand Pharma to Acquire Business and Retain Employees
    February 10, 2020
    Company and Subsidiaries Commence Voluntary Chapter 11 to Facilitate Value-Maximizing Sale; Commercially Successful Business to Continue as Usual During Court-Supervised Sale Process; Commitment Obtained for Debtor-in-Possession Financing to Support Ongoing Operations; DLA Piper LLP (US) is serving as legal counsel to Valeritas, Lincoln International is serving as investment banker, and PricewaterhouseCoopers LLP is serving as financial advisor..
  • PGIM Private Capital Provides $13B in Private Debt to Middle-market Companies in 2019
    February 10, 2020
    PGIM Private Capital provided $13 billion of senior debt and junior capital to 228 middle-market companies and projects globally in 2019. PGIM Private Capital, a leading source of private capital for public and private companies, is the private capital arm of PGIM Inc., the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
  • Regions Bank Names Tara Odell as East Texas Market Executive
    February 10, 2020
    As Market Executive, Odell will leverage her local experience and insights to expand Regions’ client base while also taking a strategic, proactive role in addressing various needs across the area. She will work with colleagues and community members in support of Regions’ community engagement initiatives throughout East Texas, including volunteer service, nonprofit assistance, delivering financial education and more.
  • TradeCap Partners Closes $500,000 Purchase Order Facility for Footwear Apparel Importer
    February 10, 2020
    TradeCap Partners (“TradeCap”) is pleased to announce the closing of a $500,000 purchase order facility for a New York-based clothing and footwear apparel importer selling through retail channels in the United States. The impact of tariffs hindered the Client’s ability to meet price points and margin requirements retailers were demanding as a tradeoff for growth in purchasing volume.
  • Greg Seibly Named as President of Union Bank and Head of Regional Banking
    February 10, 2020
    Seibly will oversee the Union Bank commercial banking, real estate industries, consumer banking (including PurePoint Financial, an online direct bank), Intrepid Investment Bankers and wealth markets businesses, as well as the bank's corporate social responsibility programs. Seibly will report directly to Steve Cummings, President and Chief Executive Officer for MUFG Americas, and will serve as a member of the Executive Committee for the Americas.