Exclusive Interviews with Industry Leaders.
Print, Digital, Online, Mobile,
& E-news options
The Latest Asset-Based Finance Transactions
Get ABFJ updates on your smartphone or tablet.
ABL Industry Service Providers & Specialty Lenders
Federal-Mogul Holdings announced it successfully secured $2.6 billion to refinance existing debt. Citicorp USA acted as administrative agent, according to an SEC filing.
Tenaska Marketing Ventures announced it completed renewal of a revolver that provides the company with up to $1.5 billion of borrowing capacity. BNP Paribas Securities, others acted as lead arrangers for the facility.
Results from Smith & Wilkinson’s 5th Annual Commercial Lender Salary Survey revealed an increased importance on company culture over salary.
Despite some concerns with business conditions, near-term prospects for the manufacturing sector look bright, according to the quarterly Manufacturers Alliance for Productivity and Innovation MAPI Business Outlook.
SuperValu announced it completed the repricing, amendment and extension of its $1 billion asset-based revolver. Wells Fargo, U.S. Bank, Rabobank, Goldman Sachs, Credit Suisse, Morgan Stanley, Barclays and BofA Merrill acted as joint lead arrangers.
Bauer Performance announced it completed the acquisition of Easton Baseball/Softball. Bank of America, JPMorgan, Royal Bank of Canada and Morgan Stanley provided BPS with fully committed credit facilities to close the transaction.
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.
Leonard M. Rosen, a founder of the Wachtell, Lipton, Rosen & Katz law firm, has died. He was 83.
SSG Capital Advisors acted as the investment banker to Spectral Response in the sale of substantially all of its assets to an affiliate of Hunter Technology, an electronic manufacturing services provider.
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