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ABL Industry Service Providers & Specialty Lenders
Brown & Brown announced its entry into a $1.35 billion credit facility, funded by a syndicate of financial institutions led by JPMorgan Chase Bank.
Capital One Bank appointed Kate Marcotte and Andrew Brkic as commercial banking relationship managers. Previously, Marcotte held leadership roles at Bank of America Merrill Lynch. Brkic previously served with Citibank.
Oxford Finance and MidCap Financial closed a $20 million senior credit facility with biopharmaceutical company Zafgen.
TAB Bank announced the promotion of Justin Hatch to VP of ABL.
GB Credit Partners provided Shopko with $7.5 million of a $42.5 million term loan. The financing is secured by Shopko’s inventory, accounts receivable and real estate.
General Electric reported GE Capital’s Commercial Lending and Leasing unit Q1/14 revenue and profit was $3.58 billion and $564 billion, respectively up 2% and 42% from $3.51 billion and $398 million in Q1/13.
Siena Lending Group announced the completion of a $8.5 million debtor-in-possession revolving credit facility for Pacific Steel Casting Company to support the sale of the company through the 363 bankruptcy sale process.
Wells Fargo announced the formation of an executive advisory board for its commercial banking operations in PA, naming Edward Ryan and Willard J. Martin Jr. to serve in Philadelphia and Pittsburgh, respectively.
Bloomin’ Brands announced its wholly owned subsidiary refinanced a portion of its existing facilities. Wells Fargo Securities, Merrill Lynch and J.P. Morgan Securities acted as joint lead arrangers and joint bookrunners.
Orbitz Worldwide announced it successfully completed the refinancing of its $440 million outstanding term loans with a $450 million term loan. Credit Suisse AG acted as administrative agent, according to an SEC filing.
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