Reaping Rewards When Money Rules the Day

Five industry executives weigh in on the current ABL marketplace, sharing their thoughts on 2015 performance, cash flow loans, supply and demand, M&A, alternative lenders and provide an outlook for the year ahead.

Bank of America Leads Upsize of PRA Group Facility to $725MM

PRA Group expanded its credit agreement, increasing its domestic revolving credit facility to $725 million with a lender group led by Bank of America as administrative agent.

PNC Bank Provides $120MM Revolver for Universal Truckload

PNC Bank provided a $120 million revolving credit facility for Universal Truckload.

WSJ: Inside JPMorgan’s Deal with OnDeck Capital

The Wall Street Journal provided insights into why JPMorgan will start using online lender OnDeck Capital to help make loans to some of the bank’s four million small-business customers.

Marquette Transportation Finance Adds Sales VP

Marquette Transportation Finance added David Fortner as vice president of sales. Fortner previously worked for The Southern Bank, AeroFund Financial and FreightCheck, a division of Bibby Financial Services.

Bank of America to Post Q4 $600MM Pretax Writedown

Bank of America will record a non-cash reduction in pretax income of $600 million in Q4/15. The writedown is tied to the redemption of $2 billion of trust preferred securities related to its Merrill Lynch acquisition.

Comerica Agents $60MM Credit Agreement For Westport Axle

Westport Axle entered into a $60 million revolving credit and term loan agreement with Comerica Bank as administrative agent, arranger and documentation agent.

Ten Reasons to Insure Your Account Receivables

Credit insurance supports growth and reduces risk. Insuring your receivables is as vital to the future of your company as insuring your physical assets.

ArcLight Capital Partners Affiliate Acquires Gulf Oil

Private equity firm ArcLight Capital Partners affiliate, Chelsea Petroleum, completed the purchase of Gulf Oil from Cumberland Farms.

J D Factors Closes 12 Factoring Facility Transactions

J D Factors announced it recently closed 12 factoring facility transactions totaling $3 million.