Today’s News

    Sessions Named New President of BofA Business Capital

    Karen Sessions has been named president of Bank of America Business Capital, succeeding Jeff McLane, who was named U.S. Regional Commercial Credit Executive at Bank of America Merrill Lynch.

    Credit Suisse Provides New $200MM Asset-Backed Revolver to Kabbage

    Kabbage closed a new $200 million asset-backed revolving credit facility with Credit Suisse. The revolver is supported entirely by fully-automated underwritten assets from Kabbage.

    PNC Business Credit Appoints Two VP/BDOs to Secured Financing Team

    PNC Business Credit appointed Patrick Mercieca and Felicia Leksono to its senior secured financing teams in Toronto and Pittsburgh, respectively.

    Crestmark Closes 10 Transactions for Nearly $14.5MM in November

    Crestmark secured nearly $14.5 million in financial solutions for 10 new clients in the first half of November.

    ABN AMRO, ING, Others Lead Gunvor $1.39B Revolver

    Gunvor has signed a $1.39 billion revolving credit facility with a group of lenders. ABN AMRO Bank, Credit Agricole, Credit Suisse DBS Bank, ING Bank, Natixis, Rabobank, Société Générale Corporate & Investment Banking, UBS Switzerland and UniCredit Bank were mandated to arrange the facility.

    Alvarez & Marsal Taps Frigell to Lead Nordic Valuation Practice

    Professional services firm Alvarez & Marsal appointed Daniel Frigell, the former head of valuation services for KPMG Sweden, to lead its expanding Nordic valuation practice.

    ING Leads Capital Southwest Facility Upsize to $180 Million

    Capital Southwest amended its senior secured credit facility, increasing total commitments to $180 million and expanding the accordion feature to $250 million to accommodate future growth of the company. ING Capital led the financing.

    BNP Paribas Leads New Ferrexpo $195MM Revolver

    BNP Paribas and a syndicate of six international lenders arranged a new $195 million secured three-year revolving credit facility for Ferrexpo.

    InterNex Capital Launches ICloud Financial Tool

    Digital asset-based lender InterNex Capital launched its Velocity platform for small and medium-sized businesses.

    UBS Amends Ruby Tuesday $20MM Facility

    Restaurant chain Ruby Tuesday amended its 364-day senior secured revolving credit agreement dated as of May 26, 2017 with, among other parties, UBS AG, Stamford Branch, as administrative agent and as issuing bank.