• Philadelphia Credit & Restructuring Summit 2018

Today’s News

    PNC Appoints Three to Senior Secured Financing Team

    PNC Business Credit appointed Luke Tripodi and Brian Caldwell to senior vice president and business development officer in Chicago, and Jenna Shah to vice president and business development officer in Seattle.

    BofA Merrill Lynch, Barclays Arrange Pinnacle Refi

    Pinnacle Foods completed the refinancing of its senior secured credit facilities in a significantly oversubscribed transaction. Bank of America Merrill Lynch and Barclays Bank acted as lead arrangers on the transaction.

    Amerisource Funds $6MM Facility for Transportation Company

    Amerisource Business Capital funded a $6 million credit facility for a fuel distribution and transportation company in Pennsylvania.

    A&M Hire Four for New York Office

    Alvarez & Marsal added Kaan Aslansan, Craig Schneider, Brad Arnold and Danny Faryniarz as managing directors its New York-based Corporate Transformation Services practice.

    Pacific Mercantile Provides $4.7MM Financing to Superior Pavement Markings

    Pacific Mercantile Bank extended $4.7 million in financing to Superior Pavement Markings. The financing consists of an equipment loan, a revolving line of credit and an owner-occupied commercial real estate loan.

    Morgan Stanley Agents Cypress Loan Amendment

    Cypress Semiconductor amended its credit agreement with a group of lenders led by Morgan Stanley Senior Funding, as administrative agent and collateral agent, and Morgan Stanley Bank as issuing bank.

    Corts Succeeds Willett as BB&T Tennessee Region President

    BB&T named Christian Corts president of its Tennessee Region. He will succeed Mike Willett, who is relocating to Winston-Salem, NC where he will join the tax exempt lending area within Community Banking Administration.

    Herrington Joins Woodforest as SVP/Middle Market Relationship Manager

    Beth Harrington joined Woodforest National Bank as senior vice president and middle market relationship manager based out of Charlotte, NC.

    SSG Advises NEOPS on Sale of Debt, Reorganization

    SSG Capital Advisors acted as the investment banker to New England Orthotic & Prosthetic Systems in the sale of all of its outstanding senior debt and advised the company on its Chapter 11 plan of reorganization.

    Gavant Joins Bay Banks of Virginia as CFO

    Bay Banks of Virginia hired Judy C. Gavant as executive vice president and chief financial officer. She will succeed James A. Wilson, Jr., who is retiring after 30 years with the company.