Today’s News

    Former GE Capital Exec Joins Hitachi Capital America as SVP/CCO

    Suzanne Santos joined Hitachi Capital America as senior vice president operations and chief credit officer. Santos was previously with GE Capital as a managing director of Risk Data and Analytics.

    O’Donnell Joins Alvarez & Marsal as Managing Director

    Alvarez & Marsal bolstered its Executive Compensation and Benefits practice with the addition of George F. O’Donnell who will serve as a managing director in Greenwich, CT.

    Wells Fargo Agents Genesis Energy Facility Upsize to $1.7B

    Genesis Energy announced an increase in total commitments under its senior secured credit facility to $1.7 billion. Wells Fargo served as administrative agent for the lender group.

    Chapter 11 for American Idol; Core Entertainment Owes Crestview $398MM

    The Wall Street Journal reported that Core Entertainment, the owner and producer of American Idol, has filed for Chapter 11 protection. Core’s senior debt with Crestview Media Investors totals about $398 million.

    JPMorgan, Wells Lead New $200MM Facility for Drew Industries

    Drew Industries replaced its existing $100 million credit facility with a new $200 million revolving credit facility. JPMorgan Chase and Wells Fargo led the refinancing.

    Wells Fargo Leads VOXX $155MM Refi

    VOXX International entered into an amended $140 million credit facility with a $15 million sublimit for letters of credit and the right to increase the maximum revolver amount to $175 million.

    Citizens Bank Provides $15MM Revolver to Lytron

    Citizens Commercial Banking provided Lytron with a new $15 million revolving line of credit.

    Encompass Appoints Sharp as ABL Industry Advisor

    Encompass appointed former CEO of the Asset Based Finance Association, Kate Sharp, as an industry advisor.

    GMA Funding Names Rothman CEO of GMA Factor’s Operating Units

    GMA Funding announced it has selected James Rothman as chief executive officer of GMA Factor and its operating units GMA USA and CoreFund Capital.

    Silicon Valley Bank Provides $25MM Term Loan for ArtiCure

    AtriCure entered into a term loan and revolving line of credit agreement with Silicon Valley Bank, providing access to a new $25 million five-year term loan, as well as renewing a $15 million revolving line of credit.