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ABL Industry Service Providers & Specialty Lenders
Sterling National Bank appointed Thomas X. Geisel as EVP and president of Specialty Finance, responsible for ABL and equipment finance.
The energy sector default rate is expected to rise above its long-term average of 1.9% in 2015, according to Fitch Ratings.
Deloitte Corporate Finance advised Ultra Machine & Fabrication in its sale to Universal Manufacturing. The transaction closed on March 2, 2015.
A new study makes recommendations for improved transparency and simplification in securities financing, including management of collateral and reforming the securitization market.
SunTrust Banks, Apollo Global Management and Ares Management reportedly are weighing offers for a General Electric unit in the U.S. that lends to private-equity firms, people familiar with the matter said.
Andy Moser, the co-founder and CEO of Salus Capital, reportedly left the firm following losses from its $250 million loan to RadioShack, according to four people familiar with the situation.
White Oak Global Advisors said it recently provided $182.7 million in financing support on six transactions.
Lannett Company amended and increased its revolver to $120 million from $50 million. Citibank acted as administrative agent for the lender group.
Canacol Energy announced it has entered into a credit agreement for a $200 million senior secured term loan with a syndicate of banks led by BNP Paribas as sole lead arranger and sole bookrunner, and including Davivienda, Citibank, Bladex, ICBC, BICSA and Banco de Occidente.
Black Knight InfoServ intends to raise a new $1.6 billion senior secured credit facility encompassing a $400 million revolver and two senior secured terms loans.