BBVA Provides $375MM Revolver to Repsol Using Blockchain

Repsol and BBVA completed the first transaction involving a revolving credit facility using distributed ledger technology as part of a pioneering pilot project in corporate finance for the industrial sector.

B. Riley, Guggenheim Support Vintage Rodeo Rent-A-Center Buy

Vintage Rodeo Parent agreed to acquire rent-to-own retailer Rent-A-Center. B. Riley Financial and Guggenheim will provide debt and equity commitments to support the merger.

Dow Drops GE, Adds Walgreens Boots

The Wall Street Journal reported that GE has dropped off the Dow Industrial Average list for the first time in 100 years and will be replaced by Walgreens Boots.

SunTrust Agents $115MM Upsize for Ring Energy

Ring Energy increased the borrowing base on its $500 million senior secured credit facility from $60 million to $175 million in connection with its recent borrowing base redetermination.

SVB Provides Facility for Start Up Insurer Ethos

New life insurer Ethos started operating in the U.S. with $11.5 million in financing led by Sequoia Capital and a credit facility from Silicon Valley Bank.

Puri, Jellison Join A&M as Managing Directors

Kumu Puri and Tim Jellison joined Alvarez & Marsal as managing directors in the San Francisco office. Both will work in the firm’s Telecommunications, Media & Technology practice.

TrueNorth Advises SUMIDA on Pontiac Coil Acquisition

TrueNorth Capital Partners acted as the financial advisor to SUMIDA in its acquisition of 100% of the shares of Pontiac Coil.

Aegis Completes Three Revolvers for $8MM

Aegis Business Credit completed three revolving lines of credit totaling $8 million.

Wells Fargo: ‘Economic Recovery Has More Room to Run’

In its 2018 midyear outlook, the Wells Fargo Investment Institute makes the case the economic recovery, which coincides with the equity bull market, has more room to run.

Goldman Sachs, Citi Upsize Harsco Revolver to $500MM

Harsco amended its existing senior secured credit facilities, increasing the amount of its revolving credit commitments by $100 million to $500 million.