Today’s News

    OrbiMed Provides $100MM Facility to Pharming Group

    Dutch pharmaceutical firm Pharming Group replaced its $100 million bridge finance with a $100 million permanent facility agreement. OrbiMed provided both financings.

    Associated Banc-Corp to Acquire Bank Mutual

    Associated Banc-Corp and Bank Mutual have entered into a definitive agreement under which Bank Mutual will merge with and into Associated.

    Bloomberg: Despite the Rules, Top U.S. Banks Close to Profit Record

    Bloomberg reported the nation’s top 10 banks collectively made $30 billion in quarterly earnings, only a few hundred million shy of the record that was set in Q2/07, despite stiff regulation.

    Citi, Santander, RBC Provide Construction Loan Facility to Alterra

    Alterra Power completed its $287 million financing for the Flat Top wind project in Texas with affiliates of Citi, Santander and Royal Bank of Canada.

    Manion Rejoins Blank Rome Commercial Finance Team

    Christopher A. Manion rejoined Blank Rome’s Philadelphia office as an associate in the Finance, Restructuring and Bankruptcy group.

    Cantor Fitzgerald Agents New $85MM Facility for Pernix

    Pernix Therapeutics closed a new $40MM ABL facility and a $45 million term loan with Cantor Fitzgerald Securities as administrative agent. The new debt financing replaces its credit facility with Wells Fargo.

    CIT Names MD, Adds Sales VP For Franchise Finance Division

    CIT Group named Michael Vallorosi as managing director of its franchise finance business and Christopher Wren as a sales vice president of its restaurant franchise finance practice.

    Alvarez & Marsal Advises Vertex on $65.5MM Refinancing

    Alvarez & Marsal completed a $65.5 million refinancing with three different lenders for the Vertex Resource Group.

    Great Rock Capital Adds Senior Originator for the West Region

    Great Rock Capital, an asset-focused commercial finance company specializing in middle-market lending, hired Steve Parker as managing director of originations.

    SVB Provides $2.5MM Facility to NovoRoll

    NovoRoll secured a $2.5 million financing facility from Silicon Valley Bank.