Today’s News

    Mooney to Retire as Crystal Financial CEO

    Crystal Finance CEO Ward K Mooney will retire at the end of December 2017. Upon his departure, Chief Credit Officer Michael L Pizette and Senior Managing Director Steven Migliero will serve as co-CEOs responsible for the management and operation of the firm.

    Monroe Capital Provides $30MM ABL to Arhaus

    Monroe Capital acted as sole lead arranger and administrative agent on the funding of a $30 million asset-based facility for general corporate purposes and working capital for Arhaus.

    Presidential Financial Adds Swinney as BDO

    Presidential Financial added former Huntington National Bank, FirstMerit Bank and Wells Fargo Capital Finance veteran Larry Swinney as a business development officer in Atlanta.

    Scotiabank Leads $45MM CRH Medical Upsize

    CRH Medical increased its credit facility to $100 million and added a $25 million accordion feature. JPMorgan Chase Bank joined the syndicate of lenders led by The Bank of Nova Scotia.

    Golub Capital Provides $255MM Facility to Aimbridge Hospitality

    Golub Capital served as administrative agent, joint bookrunner and joint lead arranger for a $255 million GOLD facility for Aimbridge Hospitality, a portfolio company of Lee Equity Partners and General Atlantic.

    Ares Adds Higgins as Credit Group Partner in London

    Peter Higgins has joined Ares Management as a partner and portfolio manager in the Ares Credit Group.

    National Capital Bank Names Construction Lending Leader

    The National Capital Bank of Washington hired Richard M. Sobonya as senior vice president, construction lending director.

    John Marshall Bank Hires Beattie as Chief Credit Officer

    John Marshall Bank added Paul Beattie to its team of banking leaders as senior vice president / chief credit officer.

    Bank of the West Appoints Lockovitch as Chief Compliance Officer

    Bank of the West appointed Karin Lockovitch as the bank’s new chief compliance officer, responsible for overseeing bank compliance with regulatory requirements and with internal policies and procedures.

    HSBC, Barclays, Others Lead McBride Refi

    McBride, a European manufacturer and supplier of products for the household and personal care market, refinanced its credit facility and increased the amount of the facility to €175 million ($255 million).