Today’s News

Last Updated: Friday, July 25, 2014, 11:16 am

PNC Capital Markets Forms Transportation & Utilities Team

PNC Capital Markets announced the creation of a Transportation and Utilities public finance capital markets team. Nic Malas was hired as managing director to lead the team.

AmEx Survey: U.S. Middle Market Companies Looking to Hire

Conditions are ripe for investments at medium-sized enterprises over the next six months, according to the inaugural American Express Survey of mid-sized Companies. Revenues are reported to be up 70% year-over-year.

Alcentra Hires Scopelliti as SVP

Alcentra Capital announced that David P. Scopelliti joined Alcentra NY, Alcentra’s adviser, as an SVP.

IMF: An Uneven Global Recovery Continues

The IMF said the global growth projection for 2014 has been marked down from 3.7% to 3.4% reflecting both the legacy of Q1/14, particularly in the U.S., and a less optimistic outlook for several emerging markets.

Crumbs Wins Approval to Hold August Bankruptcy Auction

The Wall Street Journal reported a judge ruled Crumbs Bake Shop may proceed with plans to sell itself at a bankruptcy auction, despite an objection from a newly formed creditor committee.

MCC Funds ABL Credit Line to Metals Recycler

MCC announced it funded a $3 million ABL line of credit to an Arkansas-based metals recycler.

GE Capital Upsizes Rentech Nitrogen Partners Revolver

Rentech Nitrogen Partners said it entered into a $50 million revolver with GE Capital, Corporate Finance that replaces an existing facility, providing more flexibility at lower cost.

A&M Adds Two Managing Directors to Healthcare Group

Alvarez & Marsal announced it has expanded its Healthcare Industry Group with the addition of Arnold Schaffer and Ronald Vance who joined as managing directors based in Los Angeles and Washington, DC, respectively.

IFA Forms Alliance with Chinese Factoring Association

The IFA entered into an alliance with the Commercial Factoring Expertise Committee of China Association of Trade in Services. The shared goal of the two organizations is to assist banks, finance companies and users of alternative financing services.

SunTrust Expands Corporate Debt Platform Capabilities

SunTrust Robinson Humphrey added Ron Caldwell, Akis Psarris, Ricardo Simon and Matt Holbrook to its capital markets team. The new hires bring a broad range of specialized experience across industry sectors.