Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced that it recently extended the maturity dates of five of its loan repurchase facilities, totaling $1.4 billion of committed funding capacity, its $400 million committed securities repurchase facility, and its $266 million revolving credit facility.

Private equity firm ACON Investments LLC and affiliates acquired Borden in 2017 and the company received debt facilities from GSO Capital Partners and PNC Bank, according to a statement at the time. Affiliates of KKR Credit Advisors US LLC and Franklin Square Holdings LP now hold $175 million of Borden debt in the form of a term loan, while PNC holds a $30 million term loan and a $75 million revolving loan

Hughes Hubbard & Reed is pleased to announce that effective Jan. 1, Alan Kravitz and Dustin Smith have been promoted to the partnership. The firm also elevated Amina Hassan and Tamara Kraljic to counsel. Kravitz is a member of Hughes Hubbard’s Tax department, and Smith is a member the Corporate Reorganization and Bankruptcy group; both are based in New York. Hassan is a litigator and a member of the Employment and Unfair Competition group, also in Hughes Hubbard’s New York office. Kraljic is a member of the Anti-Corruption and Internal Investigations group and resides in the firm’s Washington, D.C. office.

SEA-Vista I LLC, an indirect wholly-owned subsidiary of SEACOR Holdings Inc. , announced today that it entered into an amended and restated $200 million credit agreement, which refinanced its existing credit facilities, with a syndicate of lenders led by JPMorgan Chase. The Agreement provides for a $100 million revolving credit facility and a $100 million term loan facility, both of which mature in December 2024.

In addition, Aflac Global Investments is making a multi-year commitment to build a portfolio of up to $3.0 billion of middle market loans on behalf of Aflac Japan and Aflac U.S., subject to additional terms and conditions. Rothschild & Co served as financial advisor, and Debevoise & Plimpton as legal advisor, to Aflac Global Investments. Wells Fargo Securities served as financial advisor and Davis Polk & Wardwell served as legal advisor to Varagon.

CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business led the arrangement of $56 million in financing toward the acquisition of two large commercial shipping tankers, which are employed on long-term charters. The financing is part of a transaction involving Advantage Tankers and Fleetscape Capital.

Twin Brook served as lead agent on all the healthcare transactions it supported in 2019, which included 14 new platform financings and 10 add-on financings.

Nic Wagner, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client, which was referred to us by their consultant. Closing was achieved in just over two weeks, which allowed the company to continue its operational timeline without delay and without the need for bridge financing. We look forward to our continued partnership.”

North Mill Capital LLC (NMC) has acquired the portfolio of Sage Business Credit, a Minneapolis, MN-based company. The portfolio will be serviced by NMC's factoring operation in Minneapolis.

Old Hill provided a $5 million senior secured revolving-to-term credit facility to a specialty finance company that funds small businesses in the form of merchant cash advances. The facility is secured by a first lien perfected security interest in the advances.

In this new role, Kubiak will lead all functions for Wells Fargo Rail, the largest rail equipment operating lessor in North America with one of the most diverse fleets in the industry. He will be responsible for developing business strategies and overseeing the group’s assets, comprised of more than 175,000 railcars and 1,800 locomotives.

Lazard Ltd (NYSE: LAZ) announced today that Jim D’Aquila has joined Lazard’s Middle Market Consumer, Food & Retail (CFR) group as a Managing Director and Head of Consumer & Retail. Adeel Ahmad has joined the CFR group as a Director. They are both based in Minneapolis.

TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation (TCF) (NASDAQ: TCF), announced it has named Ed Milefchik as managing director of capital markets and international banking, and market manager of commercial and industrial (C&I) banking in Illinois and Wisconsin. In this blended role, he is responsible for leading capital markets by focusing on buy/sell loan syndications and developing new interest-rate hedging and international banking services.

Tina Capobianco has been promoted to Senior Vice President. Working out of the Mississauga, Ontario office. Matthew Johnson has been promoted to Vice President.

McFarland will be responsible for handling a portfolio of asset based and factoring clients along with working closely with NMC’s business development team in underwriting new business opportunities. His involvement will be on a national scope.

Rivera brings more than 20 years of banking experience, specializing in commercial, industrial, equipment, retail and transportation finance.

Three out of 4 businesses – 76% of midsize companies and 74% of small ones – are optimistic about their own performance, and the majority expect to grow sales this year (70% of midsize companies and 62% of small ones). They’re leaning into this expected growth through measures including more widespread adoption of new technology and increased hiring.

Expansion Capital Group (ECG) announced the appointment of Brittney Newell to Chief Financial Officer. Newell will oversee the company's Finance, Accounting, Human Resources, and Underwriting departments. Newell joined the ECG team in early 2015, and has played a critical financial leadership role in the transformation and growth of ECG.

"This interim amendment is a collaborative first step toward a comprehensive debt refinancing on an accelerated timeframe. With the assistance of B. Riley FBR, Inc. and our existing senior lender syndicate, we expect to further amend our Credit Agreement by January 20, 2020, well in advance of our March 15, 2020 requirement,” said Kenneth Young, B&W Chief Executive Officer.