Today’s News

    GE CEO Flannery Announces Possible Company Breakup

    The Wall Street Journal reported that GE Capital CEO John Flannery said he is considering breaking company divisions off into separately traded units.

    Capital One Closes $60MM Revolver for Harvest

    Capital One closed a two-year, $60 million senior secured revolving credit facility for Harvest Small Business Finance, a licensed SBA lender.

    MidCap Financial Names Marziani Managing Director

    Specialty finance firm Midcap Financial named Michael Marziani managing director and team leader of the MidCap Technology Finance Group.

    JPMorgan Agents New $1.5B Term Loan for CSC Holdings

    CSC Holdings added a new $1.5 billion incremental term loan facility under its existing credit agreement originally dated October 9, 2015. The borrower is an indirect, wholly-owned subsidiary of Altice USA.

    BlueVine Names Sirbu CFO

    Fintech lendor BlueVine named Ana Sirbu chief financial officer.

    Torres Joins Utica Leaseco in New York

    Gil Torres joined Utica Leaseco as market manager for East Coast Business Development. He will be based in New York.

    Bibby Provides $8MM ABL Facility to Steel Manufacturer

    Bibby Financial Services provided an $8 million asset-based credit facility to a global manufacturer of large steel products used by the construction, mining and oil and gas industries.

    Global Payout Launches Logistics Company SecurCapital

    Global Payout launched its newly formed logistics subsidiary, SecurCapital. The new company will focus on supply chain finance logistics and will offer fintech services to the supply chain finance marketplace.

    MidCap Provides $46MM Facility to Unique Group

    MidCap Financial provided a $46 million senior credit facility to Unique Group, an importer and distributor of engineered metal products.

    Comvest Credit Agents $83MM Facility for minuteKey

    Comvest Credit Partners acted as administrative agent and lender in providing an $83 million senior credit facility to minuteKey, a portfolio company of Matrix Partners and Serent Capital.