Exclusive Interviews with Industry Leaders.
Print, Digital, Online, Mobile,
& E-news options
The Latest Asset-Based Finance Transactions
Get ABFJ updates on your smartphone or tablet.
ABL Industry Service Providers & Specialty Lenders
The National Center for the Middle Market saw an increase in revenue growth, demonstrating the mid-market’s position as a key engine of growth in the U.S. economy.
GE Antares is serving as administrative agent on a $166 million multi-currency, cross-border credit facility to support the acquisition of Luminator Technology Group by Audax Group.
Reuters reported that Zimmer Holdings is expected to enter into a $12.01 billion credit facility, arranged by Credit Suisse. The article said the financing will support the company’s acquisition of Biomet.
NewStar Financial announced it completed a $348 million term loan debt securitization known as NewStar Commercial Loan Funding 2014-1. Wells Fargo Securities was placement agent and sole book runner.
Akorn entered into a $600 million term loan and up to $150 million of a revolver. JPMorgan served as administrative agent for both facilities. The financing supports Akorn’s acquisition of Hi-Tech.
Crestmark secured a total of $11 million in financial solutions in the first two weeks of April. Among the deals was a $4 million revolver to an office supplies distributor.
TD Bank has named Elana Reiter as vice president, senior lender in New York City. Previously, she served in similar roles at Citibank and M&T Bank.
Salus Capital Partners provided a $17.5 million senior-secured credt facility to Calypso St. Barth. The facility will refinance its current lender and continue store growth.
Wells Fargo announced that banking veteran Jonathan G. Weiss has been named the new head of Wells Fargo Securities, effective May 15, 2014. Prior to joining Wells Fargo in 2005, he spent 25 years with J.P. Morgan.
GE Capital, Corporate Finance announced it is administrative agent on $135 million in senior secured financing for King’s Hawaiian. The financing supports the company’s production capacity and working capital.
Apr 24, 2014: ABI 32nd Annual Spring Meeting
May 1, 2014: 8th Annual Credit & Bankruptcy Symposium
May 7, 2014: 2014 TMA Senate
May 13, 2014: Cooking Event: The Cooking School at 90 Acres