Today’s News

Last Updated: Wednesday, July 30, 2014, 5:31 pm

Morgan Stanley Arranges Gogo Facility

Gogo announced it obtained a $75 million increase to its existing $248 million facility arranged by Morgan Stanley. Gogo intends to use the proceeds of the debt financing for general corporate purposes.

CIT Provides $27MM Financing to Virgo Investment Group

CIT Group announced CIT Aerospace provided a $27 million senior secured credit facility to Virgo Investment Group to finance its acquisition of four Boeing 737-700 aircraft leased to GOL.

Equiteq Hires Jorgenson as Global Head of M&A

Equiteq announced David Jorgenson joined consulting firm M&A specialist, Equiteq as its global head of M&A in its New York office.

PwC Risk Assurance Practice Names Rosensweig as Principal

PwC US announced Rosensweig joined the firm as a principal in the Risk Assurance practice to support its growing Advanced Risk & Compliance Analytics (ARCA) service line.

GemCap Extends $9.8MM Term Loan to Automobile Assembly Plant

GemCap announced it extended a $9.8 million term loan against machinery and equipment to an automobile assembly plant.

Sun National Bank Announces Proposed Management Team Hires

Sun Bancorp announced executive appointments subject to OCC regulatory non-objection. Upon approval, Nicos Katsoulis will join as EVP and chief lending officer, and Anthony J. Morris as EVP and chief banking officer.

RBC Capital Leads Boulder Brands Facility Amendment

Boulder Brands announced the company amended and re-priced its senior secured credit facility. RBC Capital led the banking transaction in a four-bank consortium that included Citigroup, BMO Capital and Barclays.

BofA Business Capital Provides $65MM Marco Polo Facility

Bank of America Business Capital announced it completed a revolver for Marco Polo International to refinance the company’s existing debt and provide ongoing working capital financing.

JPMorgan Agents Exide DIP Amendment

Exide Technologies DIP lenders approved two amendments to the company’s debtor-in-possession financing facilities. According to the 8-K filing, JPMorgan Chase Bank is serving as DIP agent.

Fifth Third Extends More Than $7.1B in Recent Credit

Fifth Third Bank announced it extended more than $7.1 billion in new and renewed credit to business customers from April through June 2014.