Today’s News

Last Updated: Monday, April 27, 2015, 2:04 pm

Sterling Names Geisel President of Specialty Finance

Sterling National Bank appointed Thomas X. Geisel as EVP and president of Specialty Finance, responsible for ABL and equipment finance.

Fitch: Energy Default Rate Likely to Rise in 2015

The energy sector default rate is expected to rise above its long-term average of 1.9% in 2015, according to Fitch Ratings.

Deloitte Advises Ultra Machine in Sale

Deloitte Corporate Finance advised Ultra Machine & Fabrication in its sale to Universal Manufacturing. The transaction closed on March 2, 2015.

Study: Need Shadow Banking Transparency for Healthy Capital Markets

A new study makes recommendations for improved transparency and simplification in securities financing, including management of collateral and reforming the securitization market.

SunTrust, Apollo, Ares Weighing Offers for GE Lending Unit

SunTrust Banks, Apollo Global Management and Ares Management reportedly are weighing offers for a General Electric unit in the U.S. that lends to private-equity firms, people familiar with the matter said.

Salus CEO Said to Leave Firm Following RadioShack Losses

Andy Moser, the co-founder and CEO of Salus Capital, reportedly left the firm following losses from its $250 million loan to RadioShack, according to four people familiar with the situation.

White Oak Completes Six Q1 Deals Totaling $182.7MM

White Oak Global Advisors said it recently provided $182.7 million in financing support on six transactions.

Citibank Agents Lannett Upsize to $120MM

Lannett Company amended and increased its revolver to $120 million from $50 million. Citibank acted as administrative agent for the lender group.

BNP Paribas Arranages Canacol $200MM Term Loan

Canacol Energy announced it has entered into a credit agreement for a $200 million senior secured term loan with a syndicate of banks led by BNP Paribas as sole lead arranger and sole bookrunner, and including Davivienda, Citibank, Bladex, ICBC, BICSA and Banco de Occidente.

Black Knight Intends to Raise $1.6B Facility

Black Knight InfoServ intends to raise a new $1.6 billion senior secured credit facility encompassing a $400 million revolver and two senior secured terms loans.