Gateway Commercial Finance Receives Inc. Recognition
Factoring company Gateway Commercial Finance announced it was ranked #157 in financial services on the 2012 list of Inc. magazine’s 500/5000 fastest-growing privately held companies in the U.S.
Factoring company Gateway Commercial Finance announced it was ranked #157 in financial services on the 2012 list of Inc. magazine’s 500/5000 fastest-growing privately held companies in the U.S.
Fitch Ratings said it has affirmed six classes of notes issued by NewStar Commercial Loan Trust 2007-1 and revised the ratings outlooks on three classes from negative to stable.
Pinnacle Medical Solutions has received a substantial equity investment in a financing round led by Meritus Ventures, a rural business investment company.
The U.S. Bankruptcy Court in the District of Delaware approved the sale of Pemco World Air Services to its secured lender Sun Capital Partners. The sale was approved on August 9 and completed on August 24, a Bloomberg article said.
Carriage Services has closed its previously announced commitment with Bank of America as administrative agent and Merrill Lynch as sole lead arranger and sole book manager for a senior secured credit facility. Raymond James Bank, Regions Bank and Amegy Bank all served as co-syndication agents.
Peregrine Pharmaceuticals said it has secured a $30 million term loan from Oxford Finance, which was the lead lender, MidCap Financial and Silicon Valley Bank.
The Wall Street Journal reported that failed law firm Dewey & LeBoeuf has asked a judge to greenlight a $70 million “clawback” settlement with former partners who received $432 million in payments in 2011 and 2012.
Wells Fargo Capital Finance announced its Retail Finance team underwrote, together with the other arrangers, a $1.65 billion senior secured, asset-based revolving credit facility for U.S. grocery chain SUPERVALU.
The ABF Journal and abfjournal.com office will be closed on Monday, September 3 in observance of Labor Day. We will return on Tuesday, September 4 to bring you our coverage of the commercial finance industry.
The U.S. Bankruptcy Court for the District of Delaware has confirmed the modified second amended joint Chapter 11 Plan of Reorganization of Syms Corp. and its subsidiaries.