Today’s News

Last Updated: Friday, February 27, 2015, 4:20 pm

Business Capital Delivers Frozen Treats Manufacturer Financing

Business Capital structured and secured bridge financing for a maker of various ice cream bars and other frozen snacks. It is the first Hispanic-influenced company to display freezers in U.S.-based convenience stores.

AlixPartners Receives Restructuring of the Year

AlixPartners’ Managing Director Randall S. Eisenberg received the 2015 Leadership Award, and the firm earned Restructuring of the Year and Community Impact awards, at M&A Advisors’ Annual Turnaround Awards.

RBC Provides Nordex Explosives Facilities

Nordex Explosives entered into agreements with the Royal Bank of Canada to provide Nordex with increased credit facilities.

ABRY Partners Leads Accela Funding

ABRY Partners lead an equity financing in conjunction with Landmark Partners, J.P. Morgan Private Equity and Karlani Capital for
Accela.

Ex-BofA SVP Admits to $6.4MM Fraud

The Federal Bureau of Investigation announced that a former senior vice president at Bank of America pleaded guilty to misapplication of bank funds in a scheme that led to more than $6.4 million in losses to BOA.

BMO, Others Provide Petrowest Facility

Petrowest entered into a new-year credit agreement with Bank of Montreal and a syndicate comprised of Royal Bank of Canada, ATB Financial and Canadian Western Bank.

Wells Fargo Picks Charleston as Commercial Hub for Eastern SC

Charleston was selected as the commercial banking hub for Wells Fargo in Eastern South Carolina, where the bank’s business with middle market companies has grown by double-digits since 2010.

CIT, OneWest Say Merger Would Benefit Poor Neighborhoods

According to a report that appeared in the Los Angeles Times, the chief executives of CIT and OneWest Bank said the planned merger would be good for poor neighborhoods.

GE Antares Agents Facility Supporting Snow Phipps Buy

GE Antares is serving as administrative agent on a $66 million senior facility to support the acquisition of Cascade Drilling Environmental Services by Snow Phipps Group.

21st Annual IFA Conference Expects Record Attendance

The International Factoring Association announced its 2015 Factoring Conference is expected to draw a record number of attendees. The conference will be held on April 15-18, 2015, in New Orleans.