• Philadelphia Credit & Restructuring Summit 2017

Today’s News

    Wells Fargo Led Syndicate Amends General Finance Revolver

    General Finance amended and extended its North American senior secured revolver with a syndicate led by Wells Fargo that also included: East West Bank, CIT Bank, KeyBank, Private Bank and Trust and Bank Hapoalim.

    Citibank Agents $800MM DIP for Westinghouse

    Westinghouse Electric filed voluntary petitions with the U.S. Bankruptcy Court for the Southern District of New York. Citibank served as administrative agent for $800 million in debtor-in-possession financing.

    BlackRock Cutting Fees, Using Robots to Make Stock Picks

    Asset manager BlackRock will be turning to robots to make investment decisions, slicing customer fees and overhauling senior management.

    JPMorgan Agents $3.6B Aramark Facility

    Aramark Services entered into a $3.6 billion credit agreement with JPMorgan Chase Bank as administrative agent and collateral agent.

    Capital One’s McCarrick Stepping Up As Stuart Retires

    Robert M. Stuart, Capital One Middle Market Commercial Banking head, will retire after more than 37 years with Capital One and its predecessors. Bob McCarrick and Steve Hemperley will take over Stuart’s responsibilities.

    Novus Capital and Super G Capital Merge

    Novus Capital Group has merged with Super G Capital, a move that will expand the lending capacity of both companies.

    Mendizabal Joins BMC Group as EVP, Bankruptcy Specialist

    Lorenzo Mendizabal joined BMC Group’s bankruptcy services team as executive vice president.

    MB Business Capital Provides $15.5MM to Tri-State Iron & Metal

    MB Business Capital provided a new $15.5 million senior credit facility to Texarkana, AR-based Tri-State Iron & Metal.

    Coral Capital Provides $8.8MM Factoring Facility to Wall Décor Firm

    Coral Capital Solutions provided an $8.8 million factoring facility to a wall décor manufacturer and importer.

    BB&T Names Daly to Lead West Florida Region

    Jim Daly has been named president of BB&T’s West Florida region, replacing Ken Coppedge who retired.