BusinessCash Announces Purchase Order Financing Services
BusinessCash announced a new invoice verification service supporting ABL groups by reducing risk in funding invoice factoring and purchase order financing transactions.
BusinessCash announced a new invoice verification service supporting ABL groups by reducing risk in funding invoice factoring and purchase order financing transactions.
Paragon Financial Group introduced a new online secure factoring application that allows prospects to apply for funding programs including invoice factoring, purchase order financing, credit protection and AR management.
Globe St. reported Colony Financial completed the $1.6 billion acquisition of Cobalt Capital’s industrial portfolio with a $1.09 billion loan from GE Capital.
The ABF Journal and abfjournal.com office will be closed on Thursday, January 1 and Friday, January 2 to observe the New Year’s holiday.
Kohrman Jackson & Krantz announced the passing of its managing partner, Marc C. Krantz, who was involved in a fatal skiing accident at Jackson Hole Mountain Resort on December 28, 2014.
Barrett Business Services finalized its agreement for its new credit facility with Wells Fargo, including a $40 million term loan and a $14 million revolving credit line.
Bloomberg reported Bank Leumi Le-Israel agreed to pay $400 million and admit it helped American clients evade taxes for a decade.
Reuters reported Caesars Entertainment said more than 39% of senior bondholders backed a restructuring plan, bringing it closer to a key level of creditor support.
LabCorp has entered into a new term loan credit facility with Bank of America acting as the administrative agent. The facility can be used to pay all or part of LabCorp’s $6.1 billion acquisition of Covance.
United Financial Bancorp announced that Scott C. Bechtle, chief risk officer is leaving the bank and will be replaced by newly appointed CRO, Elizabeth Kenney Wynnick, its current EVP and director of Internal Audit.