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The Latest Asset-Based Finance Transactions
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ABL Industry Service Providers & Specialty Lenders
- Friday, October 2, 2015, 4:56 pm
SSG Capital Advisors was selected as a recipient of TMA’s Transaction of the Year: Large Company Award for its role in the successful restructuring of Cooper-Booth Wholesale Company.
White Oak Global Advisors expanded its originations team with two new hires: Christopher Gouskos as managing director and Thomas Tatum as senior analyst.
First Niagara Financial Group announced the appointment of Jonathan Miller as senior portfolio manager for First Niagara Commercial Finance.
Reuters reported that syndicated loan issuance fell to $1.35 trillion for the first nine months of 2015, down 12% from $1.53 trillion in the same period one year ago.
Hapaq-Lloyd and a banking syndicate, led by Credit Agricole, DNB, HSBC and UniCredit, signed a $372 million facility agreement to finance five new vessels.
PDC Energy extended the maturity of its revolving credit facility and reaffirmed its borrowing base at $700 million with a lender group led by JPMorgan Chase as administrative agent.
Renasant Business Credit closed a $2.75 million asset-based revolving line of credit for a Southeastern-based distributor of electronic parts and components for both commercial and aerospace applications.
VWR secured a new senior secured credit facility consisting of a $910 million term loan A facility, a €460 million ($513.44 million) term loan B facility and a $250 million multi-currency revolving credit facility. Citibank served as administrative agent.
UCI Holdings entered into a senior secured asset-based revolving credit facility with an aggregate lender commitment of up to $125 million. Credit Suisse AG served as administrative agent for the lender group.
Business advisory firm Phoenix Management Services announced that 2015 marks a milestone as it celebrates its 30th anniversary.
Oct 5, 2015: TMA Annual Convention
Oct 9, 2015: ABI's 20th Annual Views from the Bench
Oct 29, 2015: How to Advance on Other Boot Collateral Training Course
Nov 5, 2015: 12th Annual Complex Financial Restructuring Program
Nov 5, 2015: 12th Annual ABI Corporate Restructuring Competition