Today’s News

    Citi Agents $850MM Revolver for Ardagh

    Ardagh Group closed on a five-year asset-based revolving credit facility of $850 million agented by Citi.

    Trump Officials Reviewing Wells Fargo Sanctions

    Reuters reported the new acting head of the U.S. Consumer Finance Protection Board is reviewing sanctions against Wells Fargo.

    Governors, Heads of Supervision Finalize Basel III Reforms

    The Basel Committee’s oversight body, Group of Centeral Bank Governors and Heads of Supervision, have endorsed the outstanding Basel III post-crisis regulatory reforms. Separately, U.S. Federal banking agencies announced their support for efforts to reform bank capital standards.

    SVB, MidCap Expand $15MM Term Loan for Vericel

    Vericel entered into an expanded $15 million term loan and retained an existing $10 million revolving line of credit with Silicon Valley Bank and MidCap Financial Services.

    J.P. Morgan, Citigroup, Others Support Valorem Williston Buy

    Valorem Energy completed its acquisition of LINN Energy’s Williston Basin interests for $285 million. J.P. Morgan, Citigroup Global Markets and Wells Fargo Securities served as joint lead arrangers for debt financing.

    B. Riley Advises Pacifica Foods in Sale to Wind Point

    B. Riley FBR served as the exclusive financial advisor to Pacifica Foods in its sale to Wind Point Partners. Terms of the transaction, which closed December 6, 2017, were not disclosed.

    TD Bank Names Gaspo Regional VP for Upstate New York

    James P. Gaspo joined TD Bank as regional vice president, Commercial Banking for the Greater Capital Region of New York. Based in Albany, he will lead a team of commercial banking professionals serving the needs of businesses across Upstate New York.

    Bibby Provides $7.25MM Revolver to Engine Recycler

    Bibby Financial Services provided a $7.25 million asset based revolving credit facility to a U.S.-based metal and aircraft engine processor and recycler.

    CIT’s OneWest Bank Names Ellison Head of Retail Branch Channel

    Heather Ellison has joined OneWest Bank, CIT Group’s Southern California branch bank, as senior vice president and head of the retail branch banking channel. She succeeds Terri Decker, who has elected to retire in March of 2018.

    Ardila Named Chairman of Goldman Sachs BDC Board

    Jaime Ardila has been named chairman of the board of directors of Goldman Sachs BDC, effective January 1, 2018. He will succeed Ashok Bakhru, chairman since 2013, who will retire at the end of this year.