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The Latest Asset-Based Finance Transactions
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ABL Industry Service Providers & Specialty Lenders
Suzanne Santos joined Hitachi Capital America as senior vice president operations and chief credit officer. Santos was previously with GE Capital as a managing director of Risk Data and Analytics.
Alvarez & Marsal bolstered its Executive Compensation and Benefits practice with the addition of George F. O’Donnell who will serve as a managing director in Greenwich, CT.
Genesis Energy announced an increase in total commitments under its senior secured credit facility to $1.7 billion. Wells Fargo served as administrative agent for the lender group.
The Wall Street Journal reported that Core Entertainment, the owner and producer of American Idol, has filed for Chapter 11 protection. Core’s senior debt with Crestview Media Investors totals about $398 million.
Drew Industries replaced its existing $100 million credit facility with a new $200 million revolving credit facility. JPMorgan Chase and Wells Fargo led the refinancing.
VOXX International entered into an amended $140 million credit facility with a $15 million sublimit for letters of credit and the right to increase the maximum revolver amount to $175 million.
Citizens Commercial Banking provided Lytron with a new $15 million revolving line of credit.
Encompass appointed former CEO of the Asset Based Finance Association, Kate Sharp, as an industry advisor.
GMA Funding announced it has selected James Rothman as chief executive officer of GMA Factor and its operating units GMA USA and CoreFund Capital.
AtriCure entered into a term loan and revolving line of credit agreement with Silicon Valley Bank, providing access to a new $25 million five-year term loan, as well as renewing a $15 million revolving line of credit.