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ABL Industry Service Providers & Specialty Lenders
PNC Bank added Daniel Morihiro, senior vice president; Patrick Simpson, senior vice president and Graham Holding, vice president, to the senior secured financing team.
Online business lender OnDeck closed a $200 million asset-backed revolving debt facility with Credit Suisse.
Ted Koenig, president, CEO and founder of Monroe Capital, was awarded one of three leadership achievement awards at the Global M&A Network 8th Annual Americas M&A Atlas Awards.
According to the latest Wells Fargo/Gallup Small Business Index, the overall index score increased to 80 in November, up 26 points from a year ago and represents the highest optimism reading since January 2008.
Medspace closed a senior secured term loan facility of $165 million and a revolving credit facility of $150 million with Wells Fargo as administrative agent.
Sears reported a Q3/16 net loss of $748 million, 65% higher compared to last year’s loss of $454 million. Revenues declined to $5.0 billion from $5.8 billion on lower same-store sales and store closings.
Bloomberg reported that PrivateBancorp delayed a shareholder vote on a takeover by Canadian Imperial Bank of Commerce after the $3.96 billion offer was called insufficient after a post-election rally by lenders.
Consolidated Edison Company of New York closed a $2.25 billion credit agreement with Bank of America as administrative agent.
First Midwest Bank hired four veteran bankers to further the strategic expansion of its existing healthcare business.
Deloitte’s M&A trends report 2016, year-end edition, shows an anticipated rebound in the year ahead with 86% of surveyed private equity and 71% of surveyed corporate dealmakers expecting to close more deals in the next 12 months.
Jan 18, 2017: ACG Cincinnati - DM2030 (under 35)
Jan 26, 2017: IFA Presidents & Senior Executives Meeting
Jan 26, 2017: Rocky Mountain Bankruptcy Conference
Jan 31, 2017: CFA Asset-Based Capital Conference