• Philadelphia Credit & Restructuring Summit 2017

Today’s News

    OnDeck Reports Higher FY Loss as Provision Charges Double

    OnDeck reported a net loss of $83.0 million for full-year 2016, up from a net loss of $1.3 million a year earlier. The company noted its provision for loan loss charges doubled from $74.9 million 2015 to $150 million in 2016.

    Phillips Joins Celtic Bank as VP/BDO

    Celtic Bank has hired Patrick Phillips as a vice president, business development in the bank’s SBA and Commercial Lending department.

    Presidential Provides $10MM Facility to Prairie Dog Pet Products

    Presidential Financial provided a $10 million working capital and term loan facility to Prairie Dog Pet Products.

    Liquid Capital Names Mindreau Director, Credit Risk

    Liquid Capital hired Sergio Mindreau as director, Credit Risk, working out of the Toronto headquarters.

    Crestmark Funds More Than $15MM in First Half of February

    Crestmark secured a total of $15.135 million in financial solutions for 26 new clients in the first half of February.

    Huron to Acquire Growth Strategy Firm Innosight

    Huron entered into an agreement to acquire Innosight Holdings, a growth strategy firm focused on helping companies navigate disruptive change, enable innovation and manage strategic transformation.

    Bibby Taps Tobin to Head Trade & Export Divisions

    Bibby Financial Services appointed Phil Tobin as managing director of Trade and International, as the business looks to expand its focus on export and trade finance in 2017.

    Credit Suisse Leads $265MM Facility for Canacol Energy

    Canacol Energy entered into a credit agreement for a $265 million senior secured term loan with a syndicate of banks led by Credit Suisse as sole lead arranger and sole bookrunner.

    DS-Concept Provides Factoring Facility to Vietnamese Manufacturer

    DS-Concept provided a Vietnam-based garment manufacturer with a $10 million export factoring facility.

    Deloitte Advises Plastic Packaging in Sale to Sonoco

    Deloitte Corporate Finance acted as exclusive financial advisor to Plastic Packaging in its sale to Sonoco Products.