• Philadelphia Credit & Restructuring Summit 2018

Today’s News

    ABI Releases Podcast on Potential Bitcoin Fraud In Bankruptcy

    Alan Rosenberg of Markowitz, Ringel, Trusty + Hartog, PA (Miami) has produced a podcast available on the American Bankruptcy Institute website addressing the potential for fraud in bitcoin-related bankruptcies.

    BofAML Leads New $455 Term Loan for OCI Partners

    OCI has priced a proposed $455 million term loan B facility and proposed a $40 million revolving credit facility. Bank of America Merrill Lynch served as left lead arranger on the transaction, with Barclays Bank and Crédit Agricole serving as joint lead arrangers

    Ares Credit Group Totals $2.8B in 53 Transactions in Q4/017

    During Q4/17, the Ares Management Credit Group closed new financing commitments in its U.S. direct lending strategies that totaled approximately $2.8 billion across 53 transactions.

    Independent Bank, TCSB Receive Regulatory Approval for Merger

    Michigan-based Independent Bank and TCSB Bancorp received regulatory approval for their merger from the Federal Reserve Bank of Chicago and the Michigan Department of Insurance and Financial Services.

    Opus Bank Names Purcell Managing Director of Healthcare Banking

    Opus Bank named 14-year banking and finance veteran Evan Purcell managing director of Healthcare Banking.

    Utica Provides $5MM Refinance for Silicon Valley Company

    Utica Leaseco completed a $5 million refinance for a plastic film extrusion company located in Silicon Valley.

    Amerisource Funds $1MM Credit Facility for Oilfield Services Firm

    Amerisource Business Capital funded a $1 million asset based revolver for a Texas-based pipeline service and repair firm.

    J D Factors Provides $150K in Factoring Facilities

    J D Factors provided $150,000 in factoring facilities to two companies last week.

    Piper Jaffray Launches MM Lending Arm With $1B Equity

    Piper Jaffray formed Piper Jaffray Finance, a wholly owned lending subsidiary that will provide committed debt facilities for middle-market clients based in North America.

    BMO Names Johannson U.S. Group Head, Personal/Business Banking

    BMO Harris Bank appointed Erminia Johannson as group head, U.S. Personal and Business Banking. She succeeded Alex Dousmanis-Curtis, who was named head of sales and distribution, BMO’s Canadian Personal and Business Banking.