Today’s News

    Lampert-run Hedge Funds Offers $400MM for Kenmore Brand

    The Wall Street Journal reported Sears CEO Edward Lampert has offered to buy the company’s iconic Kenmore appliance brand for $400 million.

    U.S. Bank Names Richard Chief Risk Officer

    U.S. Bank named industry veteran Jodi Richard its new vice chairman and chief risk office. Richard will succeed P.W. Parker, who is retiring in the fall.

    JPMorgan Chase Agents $1B ServiceMaster Term Loan

    ServiceMaster entered into a credit agreement for a $1 billion short-term credit facility with JPMorgan Chase Bank as administrative agent.

    WFCF Provides $20MM Facility to EVOTEK

    Wells Fargo Capital Finance completed a $20 million credit facility for EVOTEK. The facility will be used to support the company’s growth.

    Peckitt Joins Great Rock Capital in Toronto

    Jeffrey Peckitt joined Great Rock Capital as managing director of Originations.

    BBVA Agents New $130MM Facility for Akumin

    Akumin closed two credit facilities for a principal amount of $130 million with a syndicate of lenders. The facilities consist of an $100 million term loan for and a $30 million revolving credit facility.

    Hill to Head Banc of California Middle Market Banking

    Banc of California promoted 15-year industry veteran Thomas Hill to senior vice president, head of Middle Market Banking.

    Hitachi Capital America Trade Finance Expands to Mexico

    Hitachi Capital America’s trade finance team will be expanding its capabilities to Mexico, as well as continuing its growth in its trade finance portfolio.

    SunTrust Provides $55MM Facility to PACE Funding Group

    PACE Funding Group closed a $55 million warehouse credit facility with SunTrust Bank. Rosemawr Management is also participating in the facility.

    Meyers Joins Capital One TMT Investment Group

    Stan Meyers joined Capital One as a director in its Technology, Media, and Telecommunications (TMT) Investment Research Group.