Today’s News

Last Updated: Thursday, April 24, 2014, 3:15 pm

National Center for the Middle Market Sees Revenue Growth

The National Center for the Middle Market saw an increase in revenue growth, demonstrating the mid-market’s position as a key engine of growth in the U.S. economy.

GE Antares Agents Cross-Border Facility for Luminator Tech Buy

GE Antares is serving as administrative agent on a $166 million multi-currency, cross-border credit facility to support the acquisition of Luminator Technology Group by Audax Group.

Credit Suisse to Arrange Zimmer $12B Credit Facility

Reuters reported that Zimmer Holdings is expected to enter into a $12.01 billion credit facility, arranged by Credit Suisse. The article said the financing will support the company’s acquisition of Biomet.

NewStar Completes Eighth Middle Market Loan Securitization

NewStar Financial announced it completed a $348 million term loan debt securitization known as NewStar Commercial Loan Funding 2014-1. Wells Fargo Securities was placement agent and sole book runner.

JPMorgan Agents Akorn $750MM Financing Agreement

Akorn entered into a $600 million term loan and up to $150 million of a revolver. JPMorgan served as administrative agent for both facilities. The financing supports Akorn’s acquisition of Hi-Tech.

Crestmark Closes Over $11MM in Early April Transactions

Crestmark secured a total of $11 million in financial solutions in the first two weeks of April. Among the deals was a $4 million revolver to an office supplies distributor.

Reiter Joins TD Bank as VP, Senior Lender for Metro NYC

TD Bank has named Elana Reiter as vice president, senior lender in New York City. Previously, she served in similar roles at Citibank and M&T Bank.

Salus Provides $17.5MM Credit Facility to Calypso St. Barth

Salus Capital Partners provided a $17.5 million senior-secured credt facility to Calypso St. Barth. The facility will refinance its current lender and continue store growth.

Weiss Named New Head of Wells Fargo Securities

Wells Fargo announced that banking veteran Jonathan G. Weiss has been named the new head of Wells Fargo Securities, effective May 15, 2014. Prior to joining Wells Fargo in 2005, he spent 25 years with J.P. Morgan.

GE Capital Agents King’s Hawaiian $135MM Financing

GE Capital, Corporate Finance announced it is administrative agent on $135 million in senior secured financing for King’s Hawaiian. The financing supports the company’s production capacity and working capital.