Today’s News

Last Updated: Tuesday, May 5, 2015, 7:45 am

JPMorgan, Santander Increase TerraForm Facility Commitment

TerraForm Power increased total commitments to the 5-year revolving credit facility of its wholly owned subsidiary TerraForm Power Operating, by $100 million to $650 million in the aggregate.

MB Business Capital Funds for BCDVideo

MB Business Capital said it provided a new senior secured credit facility to Chicago, IL-based BCDVideo, a global manufacturer of video surveillance storage solutions.

BoA Merrill Agents Herbalife Facility Extension

Herbalife announced the closing of the third amendment of its existing syndicated credit agreement with Bank of America Merrill Lynch as administrative agent.

DRB Financial Closes $50M Credit Facility

DRB Financial said it closed on a $50 million credit facility related to life-contingent annuity payments.

MCG Capital Responds to Unsolicited Letter from HC2

MCG Capital received an unsolicited letter outlining a proposed transaction from HC2 Holdings. In late April, MCG agreed to merge with PennantPark Floating Rate Capital.

Hranicky Appointed Head of Wells Fargo Corporate Banking

Wells Fargo announced that banking industry veteran Kyle Hranicky was appointed the new head of the Wells Fargo Corporate Banking group.

THL Credit Hires Lane, Hinton

THL Credit Advisors announced Thomas E. Lane joined as a managing director, and Brett W. Hinton joined as a director.

Commercial Chapter 11 Bankruptcies Drop 41% in April

Total commercial Chapter 11 filings dipped 41% to 405 filings in April 2015 from the 689 commercial Chapter 11 filings registered in April 2014, according to data provided by Epiq Systems.

Hanmi Opens Loan Production Offices in New York, Georgia

Hanmi Financial opened two new loan production offices in New York and Georgia. With the addition of these locations, Hanmi now has a total of six LPOs serving customers nationwide.

Weil Receives High Rankings in Chambers Europe 2015

Weil was recognized as a leading law firm in 53 categories in the 2015 edition of Chambers Europe. Weil lawyers received 85 recommendations in the 2015 guide.