Today’s News

    Deloitte Advises Global Software in Recapitalization

    Deloitte Corporate Finance acted as exclusive financial advisor to Global Software, in its majority recapitalization with Thompson Street Capital Partners. The transaction closed on May 2, 2016.

    Morgan Stanley Reaffirms Sundance Energy at $67MM

    Sundance Energy Australia, a U.S. onshore oil and gas exploration company, completed its borrowing base redetermination with Morgan Stanley at $67 million.

    CIT Provides $35MM Financing for Bascom Group and Oaktree

    CIT Real Estate provided a $35 million senior secured mortgage loan to a special purpose entity controlled by The Bascom Group and funds managed by Oaktree Capital Management.

    GM Closes $14.5B Revolver with 44 Financial Institutions

    General Motors has closed a $14.5 billion revolver with a total of 44 financial institutions from 13 countries participating in the broadly syndicated transaction.

    First Financial Names Director of Business Capital Unit

    First Financial Bank has added Brooke Balcom to its specialty banking leadership team as director of First Financial Business Capital.

    Grant Thornton Partner Becomes NACD Governance Fellow

    Dorsey Baskin, Grant Thornton managing partner for the Innovative Services Development practice, has been selected as a governance fellow for the National Association of Corporate Directors.

    Bloomberg: LendingClub in Talks with Citigroup for Financing

    Bloomberg reported that online lender LendingClub is in talks with Citigroup to arrange more funding to support its lending platform.

    HCAP Ups Stake in Resolve Systems

    HCAP Partners made a follow-on equity investment in Resolve Systems, a provider of accelerating incident resolutions for IT operations.

    Aspect Software Emerges from Restructuring Process

    Aspect Software received court approval for its pre-arranged agreement, which results in the reduction of more than $320 million of prepetition indebtedness. The arrangement was led by affiliates of GSO Capital, Guggenheim and MidOcean Credit Partners.

    Ziegler Closes $33.4 Million American Heritage Financing

    Specialty investment bank, Ziegler, closed a $33.4 million financing for American Heritage Education Foundation.