Exclusive Interviews with Industry Leaders.
Print, Digital, Online, Mobile,
& E-news options
The Latest Asset-Based Finance Transactions
Get ABFJ updates on your smartphone or tablet.
ABL Industry Service Providers & Specialty Lenders
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 said it provided a new senior secured credit facility to Chicago, IL-based BCDVideo, a global manufacturer of video surveillance storage solutions.
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 said it closed on a $50 million credit facility related to life-contingent annuity payments.
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.
Wells Fargo announced that banking industry veteran Kyle Hranicky was appointed the new head of the Wells Fargo Corporate Banking group.
THL Credit Advisors announced Thomas E. Lane joined as a managing director, and Brett W. Hinton joined as a director.
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 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 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.