GE CEO Flannery Announces Possible Company Breakup

The Wall Street Journal reported that GE Capital CEO John Flannery said he is considering breaking company divisions off into separately traded units.

JPMorgan Agents New $1.5B Term Loan for CSC Holdings

CSC Holdings added a new $1.5 billion incremental term loan facility under its existing credit agreement originally dated October 9, 2015. The borrower is an indirect, wholly-owned subsidiary of Altice USA.

Comvest Credit Agents $83MM Facility for minuteKey

Comvest Credit Partners acted as administrative agent and lender in providing an $83 million senior credit facility to minuteKey, a portfolio company of Matrix Partners and Serent Capital.

ESW Capital Provides $10MM Term Loan to Qumu

Qumu Corporation closed a $10 million credit agreement with ESW Capital, replacing the company’s existing term loan with Hale Capital Partners.

Americorp Financial Adds National Accounts Development Director

Americorp Financial hired industry veteran Keith Hachey to serve as national accounts development director. Hachey previously worked for Sanwa Leasing, Banc of America Leasing and Lease Corporation of America.

2018 – Phila Credit & Restruct Summit – Save the date

Barclays, JPMorgan Support Energizer Spectrum Brands Buy

Energizer Holdings closed an agreement to acquire Spectrum Brands’ Global Battery and Portable Lighting Business for $2 billion in cash. Barclays and JPMorgan Chase committed to provide financing to support the transaction.

JPMorgan, Others Commit $250MM to EXCO DIP Financing

EXCO Resources filed Chapter 11 in the U.S. Bankruptcy Court in the Southern District of Texas. JPMorgan, Fairfax Financial Holdings, Bluescape Resources and Cove Key Management will provide $250 million of DIP financing to support the company’s restructuring.

Monroe Capital Provides $80MM Facility to National Credit Center

Monroe Capital and SNH Capital Partners funded an $80 million senior credit facility to National Credit Center. Monroe acted as sole lead arranger and administrative agent on the funding of the transaction.

Houlihan Lokey Acquires London-Based Quayle Munro

Houlihan Lokey acquired Quayle Munro, a London-based advisory firm that provides corporate finance advisory services.