Paul Hastings Advises Lenders on TPC Acquisition Financing

Paul Hastings is representing Bank of America Merrill Lynch, Morgan Stanley Senior Funding and Jefferies and its affiliates in connection with financing petrochemical provider TPC Group’s $850 million merger with First Reserve and SK Capital Partners.

J D Factors Completes Three Factoring Transactions

J D Factors announced it has closed three factoring facilities totaling $425,000.

Marquette Provides $3.5 Million A/R Line to HPI Racing

Marquette Business Credit provided a new credit facility to HPI Racing under a $3.5 million A/R and inventory revolving line of credit.

CFO: Are Banks Soft-Pedaling Clawbacks?

CFO.com reported that new research suggests that the financial-services sector, though ripe with instances of negligence and other malfeasance, is not yet moving aggressively to reclaim compensation from perpetrators.

Hostess Needs Union Approval to Emerge From Bankruptcy

Hostess Brands has offered its union workers a new proposal in an effort to try to emerge from bankruptcy protection, an InvestorPlace Media article said.

Amerisource Funding Closes Two Transactions

Amerisource Funding announced it closed two transactions totaling $375,000 for a cell phone accessories maker and a metal fabrication factory.

Biz2Credit Announces Program for Women Entrepreneurs

Online resource for small business finance, Biz2Credit, announced that from September 1 through December 31, 2012, it will offer a package of services to help grow small companies owned by women.

Horizon Technology Finance Closes $5 Million for SimpleTuition

Horizon Technology Finance has closed a $5 million venture loan to SimpleTuition, a provider of tips, advice and interactive tools that help students save on college-related expenses. The funds provided to SimpleTuition will support its continued growth.

Gladden to Lead Woodbridge International’s Dallas Office

Woodbridge International, a middle-market M&A advisory firm, announced it hired David Gladden as head of the firm’s Dallas office. Gladden is a seasoned investment banker specializing in middle-market companies. He will mainly focus on Woodbridge’s clients in the Southwest.

Bloomberg: U.S. Q2 Growth Exceeds Prior Estimate

Bloomberg reported that the economy expanded more than previously estimated in the second quarter, but noted that business investment in new equipment showed the weakest gain in almost three years.