Today’s News

Last Updated: Friday, December 19, 2014, 2:25 pm

GE Capital Increases Van-Rob Facility

GE Capital, Canada increased Van-Rob’s facility to $91 million. GE Capital, Canada served as lead arranger and administrative agent. Proceeds will be used for general working capital purposes.

BMO Harris Bank Agents Rock Capital Partners

BMO Harris Bank’s Sponsor Finance group was syndication agent for Summit Research Labs dba Summit Reheis, a One Rock Capital Partners portfolio company.

Bank of the West Promotes Weidle

Bank of the West promoted Matthew Weidle to director and market manager in the bank’s Commercial Banking Group.

Carl Marks Selected by Staffing Firm for Facility Refi

Staffing firm Corporate Resource Services said it has retained investment banking firm Carl Marks Advisors to advise the company on refinancing its current credit facility.

Capital One Closes Term Loan, Revolver for Acquisition

Capital One provided a $60 million term loan to be used to acquire a portfolio of 19 skilled nursing facilities in Indiana and Iowa. The bank also provided a $6 million revolving credit line to fund working capital.

BofA Led Bank Group Upsize Brown Shoe ABL Revolver

Brown Shoe amended its ABL revolver with a group of lenders led by Bank of America as administrative agent, collateral agent and lead issuing bank. The company’s borrowing capacity was increased to $600 million and the interest rate was lowered by 100 bps.

GE Capital Appoints International Lending/Leasing Leader

GE Capital International expanded its senior leadership team through the appointment of Henry Allen as Commercial & Growth Leader of the firm’s international business.

Countrywide Whistleblower Collects $57.6MM in Historic Settlement

CNNMoney reported former Countrywide Financial executive Edward O’Donnell may collect approximately $57.6 million from Bank of America for his role in divulging the firm’s fraudulent activity.

BofA Agents Equinix $1.5B Facility

Interconnection and data center company Equinix said it closed its $1.5 billion senior secured credit facility with a syndicate of eleven financial institutions led by Bank of America as administrative agent.

CIT Finances GI Partners Acquisition

CIT Group served as joint lead arranger in a $243 million facility supporting GI Partners’ acquisition of Kellermeyer Bergensons Services.

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