Today’s News

Last Updated: Wednesday, July 30, 2014, 8:31 am

Sun National Bank Announces Proposed Management Team Hires

Sun Bancorp announced executive appointments subject to OCC regulatory non-objection. Upon approval, Nicos Katsoulis will join as EVP and chief lending officer, and Anthony J. Morris as EVP and chief banking officer.

RBC Capital Leads Boulder Brands Facility Amendment

Boulder Brands announced the company amended and re-priced its senior secured credit facility. RBC Capital led the banking transaction in a four-bank consortium that included Citigroup, BMO Capital and Barclays.

BofA Business Capital Provides $65MM Marco Polo Facility

Bank of America Business Capital announced it completed a revolver for Marco Polo International to refinance the company’s existing debt and provide ongoing working capital financing.

JPMorgan Agents Exide DIP Amendment

Exide Technologies DIP lenders approved two amendments to the company’s debtor-in-possession financing facilities. According to the 8-K filing, JPMorgan Chase Bank is serving as DIP agent.

Fifth Third Extends More Than $7.1B in Recent Credit

Fifth Third Bank announced it extended more than $7.1 billion in new and renewed credit to business customers from April through June 2014.

United Capital Provides Facility to Subway Franchisee

United Capital Business Lending announced it provided a $10 million credit facility to Ccreations, an owner of 32 Subways, that will be used to finance the development of additional Subway and Wingstop locations.

North Mill Funds Revolver for Official Red Sox Beer Company

North Mill Capital announced the funding of a $1.5 million revolving credit facility for Narragansett, New England’s oldest beer and the official beer of the Red Sox for over 30 years.

Full Circle Capital Adds Houlihan Lokey’s MD to Board

Full Circle announced it appointed Terence “Tad” Flynn to its board. He will also serve on Full Circle’s Audit Committee, Nominating and Corporate Governance Committee, and Compensation Committee.

NewOak Appoints Stull Managing Director

NewOak announced the appointment of Anastasia Davis Stull as a managing director in its Credit Services group.

Reznick Names Manning to Launch Corporate Recovery Group

Reznick Capital Markets Securities said it has appointed senior banker Jeffrey R. Manning as managing director of a new corporate recovery group. Manning joins from BDO Capital Advisors’ special situation group.