Today’s News

    SunTrust Robinson Humphrey Names 19 New Managing Directors

    SunTrust Robinson Humphrey promoted 18 men and one woman to managing director.

    Sears Releases Restructuring Update, Pursues Transformation

    Sears Holdings Chairman and CEO Edward Lampert said the struggling retailer has improved operating performance and financial flexibility and will continue to work towards a successful restructuring.

    Presidential Financial Adds WFCF Vet Pearce as BDO

    Presidential Financial added former Opus Bank, Western Alliance Bank and Wells Fargo Capital Finance veteran Kevin Pearce to its team as a business development officer.

    PEAK6 Provides $20MM Term Loan to Intersections

    Intersections, a provider of identity risk management and privacy protection services for consumers, completed a new $20 million term loan financing with PEAK6 Investments.

    Sterling Adds Holt to Commercial Banking Team

    Sterling National Bank added Thomas Holt to its Commercial Banking team as senior vice president and managing director.

    Scotiabank Downsizes Capstone Mining Facility

    Capstone Mining amended its credit facility, extending the maturity date and reduced funds available to $350 million, with a $25 million annual reduction. The Bank of Nova Scotia was administrative agent.

    TD Bank, NBC Support Parkland Chevron Canada Downstream Buy

    Parkland Fuel entered into an agreement with Chevron Canada to acquire all of the shares of Chevron Canada R&M, which operates its Canadian integrated downstream fuel business.

    ING Leads New $1.09B Sustainable Revolver for Royal Philips

    Royal Philips signed an agreement with a consortium of 16 banks for a new €1 billion ($1.09 billion) revolving credit facility with an interest rate that will be dependent on the company’s year-on-year sustainability performance improvement.

    Golden Pacific Names SBA Vet McClure Chief Business Officer

    SBA veteran Joseph McClure will be joining the Golden Pacific Bancorp and Golden Pacific Bank executive ranks as EVP/chief business officer.

    NIL Upsizes Vicon Up to $6MM

    Vicon Industries, entered into an amended and restated credit agreement with NIL Funding to increase its borrowing availability by up to $6 million.