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The Latest Asset-Based Finance Transactions
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ABL Industry Service Providers & Specialty Lenders
U.S. Physical Therapy announced that Bank of America increased its available capacity and extended the maturity date of its bank credit facility to $125 million.
The Labor Department said U.S. employment rose by 203,000 in November and the unemployment rate declined from 7.3% to 7.0%. Employment increased in transportation and warehousing, healthcare, and manufacturing
PNC Financial announced that its affiliate reached an agreement with Freddie Mac to resolve substantially all indemnification and repurchase obligations related to loans sold to Freddie Mac between 2000 and 2008.
Livingstone announced the sale of IPC International to Universal Protection Service, pursuant to §363 of Chapter 11 of the U.S. Bankruptcy Code.
SunEdison said De Lage Landen has increased its investment to more than $100 million in a sale-leaseback fund.
RBS Citizens Business Capital announced the launch of its new Lender Finance Group and named Wells Fargo veteran Steven Katz to lead the group as SVP and sales leader.
Macquarie Group announced that Mark Burton joined Macquarie Capital as a senior managing director covering the banking sector within the Financial Institutions Group.
Bloomberg reported that NewStar Financial is extending its sales process into 2014 as it waits until U.S. banks finish government-mandated stress tests.
Capital One said Esther Lainis has joined its Middle Market lending team in New York as senior vice president, with a focus on the apparel industry.
Despite ongoing challenges facing the retail sector and the economy, more than 70% of middle-market housewares executives are forecasting stronger sales performance in 2014, according to a recent survey by CIT