BofA: 64% of Small Business Owners Still Recovering from Great Recession

Seven years after the “Great Recession,” two-thirds (64%) of small business owners report their businesses are still in the process of recovering, according to Bank of America’s spring 2015 Small Business Owner Report.

B. Riley Completes $12MM Debt Financing for Sequans

B. Riley completed a $12 million convertible note financing for Sequans Communications, acting as exclusive financial advisor in the transaction.

Caesars Gets Extension to Keep Control of Bankruptcy

A judge reportedly allowed the operating unit of Caesars Entertainment to control its bankruptcy for another month, as creditors try to reach common ground with a court-appointed investigator probing the company’s pre-bankruptcy dealings.

OmniVision Said to Near $1.7B Sale to Hua Capital

Bloomberg said that OmniVision Technologies, whose camera sensors have been used in Apple’s iPhone, is near an agreement to be acquired by a group of Chinese investors.

Salus Appoints O’Connor, Shonak Co-Presidents

Salus Capital Partners named Christopher D. O’Connor and Kyle C. Shonak co-presidents of the firm, effective immediately.

MB Business Capital Provides Azco Supply Facility

MB Business Capital provided a new $10 million senior facility to Stockton, CA-based Azco Supply.

Borro Launches Term Loan Product in U.S.

Borro announced the launch of a new term loan product in response to high demand from partners, including private banks, wealth managers and financial advisors.

BofA Merrill, JPMorgan Lead Digital Insurance Facility

Digital Insurance secured a $120 million credit facility, led by Bank of America Merrill Lynch and JPMorgan Chase Bank.

Harbert Management Raises $165MM for Third Mezzanine Fund

Harbert Management announced the final closing of its third mezzanine debt fund, Harbert Mezzanine Partners III, at $165 million.

Marquette Provides Impex Revolver, Term Loan

Marquette Business Credit recently provided Impex Global with a $5.75 million revolving line of credit and cash-flow term loan.