CIT Supports White Oak in $550MM Transaction with GECAS

White Oak Global Advisors completed a $550 million transaction with GE Capital Aviation Services to buy and immediately lease back 20 wide body aircraft engines. CIT served as lead arranger in the transaction.

Wells Fargo Chief Risk Officer Loughlin to Retire

Senior Executive Vice President Mike Loughlin will retire as Wells Fargo’s chief risk officer.

Barclays, HSBC Launch Financing to Support Cineworld Regal Buy

Reuters reported that Barclays and HSBC will launch a $3.6 billion leveraged loan syndicate to back Cineworld Group’s acquisition of U.S. chain Regal Entertainment.

Citibank Upsizes Sempra Energy Facility to $1.25B

Sempra Energy increased the maximum borrowing capacity under its credit facility from $1 billion to $1.25 billion. Citibank served as administrative agent for the transaction.

Crestmark Closes 19 Transactions Totaling $44.3MM

Crestmark secured a total of $44.3 million in financial solutions for 15 new clients in the first half of January.

BofA Agents WEX Term Loan Repricing

WEX repriced its secured term loans under its existing credit facility. Bank of America acted as administrative agent, joint lead arranger and joint bookrunner.

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.

Bibby Provides $8MM ABL Facility to Steel Manufacturer

Bibby Financial Services provided an $8 million asset-based credit facility to a global manufacturer of large steel products used by the construction, mining and oil and gas industries.

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.

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.