Credit Suisse, Others Arrange $1.4B Repricing for Platform Specialty

Platform Specialty Products successfully completed the repricing of its existing term loan tranches, totaling $1.4 billion. Credit Suisse, HSBC and Deutsche Bank acted as joint lead arrangers for the transaction.

Stute to Head New Specialty Finance Business for Hovde Group

Hovde Group formed a new practice to advise specialty finance companies, led by Tim Stute as managing director and head of Specialty Finance. Stute will be joined by T.J. Humes as director.

Encina EF, Great Rock Capital Provide $33MM Facility to Falcon Transport

Encina Equipment Finance and Great Rock Capital jointly provided a $33 million senior secured credit facility to Falcon Transport in order to help fund CounterPoint Capital Partners’ acquisition of the company.

Liquid Capital Expands to Seattle

Liquid Capital added Nabil Istafanous as a new principal, offering alternative financing solutions to start-ups and small businesses in Seattle and surrounding areas.

Capital One Leads $65MM Harbor Group Consulting Facility

Capital One Sponsor Finance led a $65 million senior secured credit facility for Harbor Group Consulting. Capital One acted as administrative agent and sole lead arranger.

PrimeRevenue Unveils Working Capital Grader

PrimeRevenue, a provider of working capital financial technology solutions, released the beta version of its Working Capital Grader, an interactive tool which companies can use to compare their performance to their publicly-traded peers and competitors.

September Commercial Chapter 11 Filings Up 16% over Last Year

The American Bankruptcy Institute said commercial Chapter 11 filings totaled 425 in September, a 16% increase over September 2016’s total of 365 filings.

CFA Names New 2018 Leadership Committees

The Commercial Finance Association named members to its executive and management committees for the 2018 fiscal year.

Mackinac Commercial Credit Funds Three Deals Totaling $14.3MM

Mackinac Commercial Credit said it funded three transactions totaling $14.3 million this summer.

Grant Thornton Names New Leader of Financial Services Industry Practice

Grant Thornton has named Craig Stanley national managing principal of the firm’s Financial Services industry practice, based in New York.