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ABL Industry Service Providers & Specialty Lenders
The ORIX Leveraged Finance team hired Ben Harris joined the group as a director based in New York focused on business development.
Inventories of manufactured durable goods in March increased $0.3 billion or 0.1% to $412.9 billion, the highest level since the series was first published.
Panelists will discuss Chapter 11 reform, transforming credit risk, and strategies for corporate renewal and restructuring at the Credit & Bankruptcy Symposium.
Worthington Industries increased its revolver commitments to a total of $500 million. The revolver is with a consortium of banks led by J.P. Morgan Securities and PNC Capital Markets.
GE Capital, Healthcare Financial Services (HFS) announced it provided a $320 million senior secured credit facility to Diplomat Pharmacy. A portion of the funds was used to acquire BioRx.
Wells Fargo Capital Finance UK took home the 2015 Asset-Based Lender of the Year award at the 14th Annual Private Equity Awards in London.
Charge Payment announced a $50 million facility, two acquisitions and a name change to i3Verticals. The bank group is led by FirstBank of Tennessee and includes Bank of America and other local banks.
sPower and CohnReznick Capital Markets Securities announced the placement of $168.5 million in back leverage to sPower provided by KeyBank, OneWest Bank and Zions Bank.
GE Energy Financial Services is partnering with GPI to invest in a solar project in Japan. GE Energy Financial Services is also investing in the project, and financing from a syndicate, led by MUFG, is being utilized.
Mackinac Commercial Credit funded an ABL credit line for an environmental firm.