Wells Fargo Reports ‘Flat’ U.S. C&I Balance: Yield Up 35 BPS

Wells Fargo reported U.S. C&I average loan balances of $273.7 billion for the six-month period ending June 30, 2018, compared to $273.9 billion a year earlier. The average yield of 4.00% was up 35 BPS from 3.65% for the same six month period in 2017.

Goldman Sachs Expected to Tap Solomon as Blankfein Successor

The New York Times reported Goldman Sachs is expected to name its president, David M. Solomon, as its next chief executive.

TCF Capital Supports Clearview Mudlick Mail Acquisition

TCF Capital Funding acted as administrative agent on $14 million in secured financing that will support Clearview Capital’s acquisition of Mudlick Mail.

Platinum Equity Closes $1.5B Small Cap Fund

Platinum Equity closed its capital raising for Platinum Equity Small Cap Fund, the firm’s inaugural fund focused exclusively on investment opportunities in the lower middle market.

Amerisource Funds $1MM Facility for Parts Distributor

Amerisource Business Capital closed and funded a $1 million credit facility for a Michigan-based manufacturer and distributor of component parts for heavy equipment.

MidCap Financial Provides Facility to Lux Global Label

MidCap Financial provided a senior secured credit facility to Lux Global Label Company, a labeling supplier.

Utica Completes Two Transaction Totaling $1MM

Utica Leaseco completed two transactions totaling $1 million during the week of July 9, 2018.

MB Business Capital Provides $10MM Facility to Taylored

MB Business Capital provided a new $10 million senior credit facility to Iselin, NJ-based Taylored Services. The facility was used to fund the recapitalization of Taylored’s existing debt structure and working capital needs.

Praesidian Capital Supports Power Design, Green Circuits Merger

Praesidian Capital agented a $22.4 million senior debt investment to support the merger of Power Design Services and Green Circuits.

Deep Sea Mining Provides $650K Loan to Nautilus

Deep Sea Mining Finance provided a $650,000 loan to Nautilus Minerals under the previously announced loan agreement which will ultimately provide a secured structured credit facility of up to $34 million.