Cook to Lead Launch of Cortland Global ABL Servicing Platform
Cortland Capital Market launched a new global asset-based lending platform and hired industry veteran Ellen Cook to lead the division.
Cortland Capital Market launched a new global asset-based lending platform and hired industry veteran Ellen Cook to lead the division.
Siena Lending Group completed a $30 million asset-based revolver for New Day Aluminum to repay certain indebtedness and provide working capital for its subsidiary, Noranda Alumina.
PolyOne increased its credit line from $400 million to $450 million and extend the maturity date. Wells Fargo Capital Finance served as administrative agent.
ACI Worldwide a five-year $500 million senior secured revolving credit facility and a five-year $415 million senior secured term loan facility. Bank of America served as administrative agent for the transaction.
Wabash national completed an amendment to reprice its secured term loan credit agreement to LIBOR plus 275 basis points. The transaction was arranged by Wells Fargo Securities.
Capital One Healthcare provided a $50 million senior ABL credit facility to AccessOne, a provider of patient payment options designed to help patients manage their healthcare costs.
MB Financial Bank hired Edward Weisto to join the bank’s ESOP Finance Group as senior vice president.
CIT Group’s commercial aircraft leasing business entered into an amended revolver that extends the final maturity date and lowers the commitment amount that supports the sale of the business to Avolon Holdings.
Heritage-Crystal Clean entered into a new credit agreement with Bank of America as administrative agent. The agreement provides for borrowings of up to $95 million
Prime Motor Group completed a $687 million refinancing with a syndicate of lenders led by Manufacturers and Traders Trust and SunTrust Bank.