Today’s News

Last Updated: Friday, October 31, 2014, 8:19 am

JPMorgan, Goldman Provide $90MM Recap for AVENUE Stores

Private equity firm Versa Capital Management announced its portfolio company AVENUE Stores has finalized a new capital structure with financing provided by affiliates of JPMorgan and Goldman Sachs.

RadioShack Lender Salus Seeking to Add Debt

Key RadioShack lender Salus is reportedly attempting to secure a bigger piece of the electronic retailer’s debt, according to two people with knowledge of the discussions.

Capital One Provides Newtek Financing Increase

Newtek Small Business Finance closed an additional $23 million in financing, which will increase its existing revolving credit facility to $50 million through Capital One.

Blue Belt Closes $40MM Debt Financing with CR Group

Blue Belt Technologies and CR Group closed a term loan for up to $40 million. Blue Belt Technologies is an orthopaedic surgical technology company.

U.S. Jobless Claims Fall to Lowest in 14 Years

The U.S. Labor Department reported the four-week average of jobless claims fell to 281,000 in the period ended October 25, the lowest since May 2000.

Oaktree’s Quarterly Profit Falls 47% on Exits Slowdown

Oaktree Capital Group reportedly said third-quarter profit fell 47% as it sold fewer holdings.

Golub Agents Facility to Support Francisco Partners Acquisition

Golub Capital said it served as administrative agent, lead arranger and sole bookrunner on a senior credit facility to support the acquisition of Vendavo by private equity firm Francisco Partners.

GE Planning Stake Sale in Two South Korean Finance JVs

General Electric is reportedly planning to divest stakes in its joint venture auto-financing and credit card businesses in South Korea, people familiar with the matter told Reuters .

TCA Closes $5MM MyECheck Credit Line

MyECheck, an electronic payment technology developer, announced it secured a $5 million line of credit from TCA Fund Management Group.

AgriMarine Closes Credit Facility with Dundee Agricultural

AgriMarine Holdings announced that it has entered into an agreement for a draw-down credit facility from Dundee Agricultural in the amount of up to $4.36 million.