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ABL Industry Service Providers & Specialty Lenders
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.
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 Capital announced that David P. Scopelliti joined Alcentra NY, Alcentra’s adviser, as an SVP.
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.
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 announced it funded a $3 million ABL line of credit to an Arkansas-based metals recycler.
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.
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.
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 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.
Jul 24, 2014: ABI Southeast Bankruptcy Workshop
Jul 31, 2014: ABI 19th Annual Mid-Atlantic Bankruptcy Workshop
Aug 5, 2014: IFA: Financial Statement Analysis Training Webinar
Aug 13, 2014: ABI Hawaii Bankruptcy Conference
Aug 27, 2014: 10th Annual Northeast Regional Conference
Sep 4, 2014: ABI Southwest Bankruptcy Conference