Today’s News

Last Updated: Thursday, October 30, 2014, 4:32 pm

Deloitte CF Advises MSP Division Sale to MSX International

Deloitte Corporate Finance acted as exclusive financial advisor to IQNavigator in the sale of its managed services provider division to MSX International, a business process outsourcing company.

TCA Closes $5MM MyECheck Credit Line

MyECheck, an electronic payment technology developer, announced it secured a $5 million line of credit from TCA Fund Management Group.

CapitalPlus Provides Factoring Facility for General Contractor

CapitalPlus Equity has provided a revolving factoring facility for $66,000 to a general contractor doing work for commercial clients.

JPMorgan Agents Chart Industries Facility Increase

Chart Industries amended its senior secured credit facility. The amended credit facility was arranged and syndicated by J. P. Morgan Securities. JPMorgan Chase Bank will continue to act as administrative agent.

Citigroup Global, Others Arrange Pacific Drilling Revolver

Pacific Drilling signed a $500 million revolver. Citigroup Global Markets, Standard Chartered Bank, DNB Markets and Nordea Bank Finland, London Branch acted as joint lead arrangers.

Bloomberg: Fed On Path Toward Higher Interest Rates

Bloomberg reported that Fed officials dismissed recent turmoil in global financial markets and focused instead on “solid” employment gains that will keep them on a path toward an interest-rate increase next year.

CIT: Mid-Market Execs Confident About Future

Middle market executives have a positive outlook for their businesses with nearly two-thirds indicating that their companies are better off today than last year, according to CIT’s third annual Voice of the Middle Market study.

RadioShack Hires GM Turnaround Expert for Comeback

RadioShack reportedly named former U.S. Treasury Department adviser Harry Wilson as its chief revitalization officer, enlisting a turnaround expert who helped restructure General Motors and Chrysler.

GE Capital Expands Financing for Restaurant Industry

GE Capital Franchise Finance announced it expanded its team of account executives to focus on developing relationships with the next generation of restaurant operators nationwide with the hiring of Allen Johnson.

BMO Harris Bank Agents $20MM Stonewall Kitchen Facility

BMO Harris Bank’s Sponsor Finance group was administrative agent and sole lender for $20 million in senior credit facilities to Stonewall Kitchen, a Centre Partners portfolio company.