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ABL Industry Service Providers & Specialty Lenders
Siena Lending Group completed an $8 million revolving and term loan facility to Southern Parallel Forest Products for the purchase of a sawmill and planer mill and for working capital.
CIT Group reported Q2/15 net income of $115 million or $0.66 per diluted share which met the EPS consensus estimates by Thomson Reuters. CIT noted new lending and leasing volume of $1.6 billion in its NA Commercial Finance segment.
LBC Credit said it served as agent and sole lead arranger for $97 million of senior secured credit facilities to support the combination of Monomoy Capital Partners’ portfolio companies, Escort and Cobra Electronics under new parent Cedar Electronics Holdings.
Beacon Roofing Supply announced it will acquire Roofing Supply Group in a transaction valued at $1.1 billion. Citi and Wells Fargo were said to acting as joint lead arrangers on the debt financing.
BNP Paribas has agreed to a five-year term loan facility for up to $165 million with Diana Shipping to pay off the Royal Bank of Scotland.
Oryx Stainless Group, a subsidiary of Germany-based KMR Stainless Holding, successfully finalized a €100 million ($100.32 million) syndicated revolving credit facility.
The National Retail Federation lowered its retail sales forecast for 2015 because of unexpected slow growth recorded during the first half of the year.
Dominovas energy said it engaged Pyrenees Investments to prepare a private placement of shares of common stock and warrants to produce proceeds of up to $10 million to fund working capital.
Buchanan Ingersoll & Rooney announced the addition of shareholder James S. Lawlor to its Philadelphia office in the Financial Services practice group.
Canadian Solar said it has signed a $28.35 million construction loan facility from Robobank to finance the construction of a portfolio of solar power plants in Japan.
Aug 6, 2015: 11th Annual Mid-Atlantic Bankruptcy Workshop
Sep 2, 2015: 11th Annual Northeast Regional Conference
Sep 10, 2015: 23rd Annual Southwest Bankruptcy Conference
Sep 10, 2015: NJTMA Networking Breakfast - Bridgewater
Sep 10, 2015: Transportation Factoring Meeting
Sep 18, 2015: 20th Annual Thomson Reuters LPC Loan And CLO Conference