Today’s News

    Bank Leumi Hires Fagnani to Head New ABL Division

    Bank Leumi USA has hired Mark Fagnani to head its new Asset-Based Lending business, which will be based in its New York headquarters.

    Citibank Agents Up to $140MM ABL for Revlon

    Revlon Holdings, a wholly owned indirect foreign subsidiary of Revlon Consumer Products, and its subsidiaries entered into an asset-based term loan credit agreement with Citibank as administrative agent.

    Wells Fargo Reports ‘Flat’ U.S. C&I Balance: Yield Up 35 BPS

    Wells Fargo reported U.S. C&I average loan balances of $273.7 billion for the six-month period ending June 30, 2018, compared to $273.9 billion a year earlier. The average yield of 4.00% was up 35 BPS from 3.65% for the same six month period in 2017.

    Goldman Sachs Expected to Tap Solomon as Blankfein Successor

    The New York Times reported Goldman Sachs is expected to name its president, David M. Solomon, as its next chief executive.

    Miller Joins FSW Funding as Portfolio Analyst

    FSW Funding hired Lucas Miller as a portfolio analyst. Miller will manage client accounts, analyze funding transactions to minimize risk and expand the company’s client base.

    TCF Capital Supports Clearview Mudlick Mail Acquisition

    TCF Capital Funding acted as administrative agent on $14 million in secured financing that will support Clearview Capital’s acquisition of Mudlick Mail.

    Platinum Equity Closes $1.5B Small Cap Fund

    Platinum Equity closed its capital raising for Platinum Equity Small Cap Fund, the firm’s inaugural fund focused exclusively on investment opportunities in the lower middle market.

    Guggenheim Securities to Acquire Millstein

    Guggenheim Securities agreed to acquire Millstein, a restructuring advisor to companies investors, and sovereigns with expertise in sovereign advisory and financial institutions.

    Amerisource Funds $1MM Facility for Parts Distributor

    Amerisource Business Capital closed and funded a $1 million credit facility for a Michigan-based manufacturer and distributor of component parts for heavy equipment.

    Lyle Joins VA Commonwealth Bank Commercial Lending Team

    Chris Lyle, a 17-year commercial banking veteran, joined Virginia Commonwealth Bank as a senior vice president, Commercial Lender.