Today’s News

    Oaktree Capital to Provide DIP Financing to David’s Bridal

    Reuters reported David’s Bridal is close finalizing a deal for a debtor-in-possession financing package with Oaktree Capital and other first-lien debt holders.

    PNC Provides $109MM in Facilities to Innovex, FHE USA

    PNC Bank closed $109 million in facilities for two oilfield services providers: Innovex Downhole Solutions and FHE USA.

    Barry, Hussein Join New North American M&A Group at A&M

    Alvarez & Marsal’s Global Transaction Advisory Group established a North America Corporate Mergers & Acquisitions practice. The new practice will be led by Paul H. Barry and Faisel Hussein as managing directors.

    Biz2Credit Again Ranks on Deloitte 2018 Technology Fast 500 List

    Biz2Credit ranked No. 335 on Deloitte’s Technology Fast 500, a list of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.

    AMP Capital to Provide $190MM Term Loan to Synagro

    AMP Capital will provide a $190 million term loan to Synagro, the leading U.S. provider of residuals management solutions.

    Capital Southwest Supports Bow River Roseland Recap

    Capital Southwest supported the Bow River Capital 2017 Fund’s recent recapitalization of Roseland Management in partnership with Precision Spine Care.

    CIT Reveals New Brand Identity; Direct Capital Brand to be Retired

    CIT Group revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. The effort includes a new marketing campaign, tagline and website reflecting CIT’s consumer and commercial businesses.

    Lendr Names DeMeo Chief Revenue Officer

    Lendr Online, a provider of flexible working capital to small- and medium-sized businesses, named Dan DeMeo chief revenue officer. He will report to CEO Tim Roach.

    Desjardins Capital Provides $13.5MM in Financing to Goodfood

    Goodfood Market closed a $13.5 million secured financing with Desjardins Capital Markets. The financing included a secured $10 million three-year term loan, a $2.5 million revolver and $1 million in other financing.

    The Bancorp Adds Three to Small Business Lending Team

    The Bancorp added Ryan Beck, Alan “Skip” Canavan and Charles Meyers as vice presidents, SBA business development officers on its Small Business Lending Team.