Brown Joins Hitachi Business Development Team

Scott Brown joined Hitachi Business Finance’s business development team, concentrating his efforts on attracting new factoring and asset-based lending clients across the U.S.

Wells Fargo, MSD Partners Support IDC Sidewinder Buy

Independence Contract Drilling signed commitment letters with Wells Fargo and MSD Partners for a revolver of up to $40 million, a term loan of up to $130 million and a delayed draw term loan of up to $15 million to support its acquisition of Sidewinder Drilling.

Santander Appoints Fazio to Head TMT Banking

Santander Bank appointed Laura Fazio to head its Technology, Media and Telecommunications banking business in its Commercial Banking division.

BB&T Upsizes Main Street Capital Facility to $680MM

Main Street Capital expanded the total commitments under its revolving credit facility from $655 million to $680 million. BB&T served as administrative agent for the 17-bank lender group.

Toys ‘R’ Us Settles with Lenders

The Wall Street Journal reported that bankrupt retailer Toys “R” Us has reached a settlement with a group of lenders that will protect the company from future litigation.

Natixis, SunTrust, Others Upsize Ygrene Facility to $510MM

Ygrene increased its warehouse credit facility to $510 million and added Natixis as a new member of its lending syndicate.

CIT Northbridge Arranges $17MM Walker Zanger Facility

CIT Northbridge Credit served as sole lead arranger on a $17 million senior secured revolving and term loan credit facility for Walker Zanger.

Hilco Portfolio Company StreetTrend Acquires P448

U.S.-based footwear holding company StreetTrend and Italian investment firm Panda acquired a majority interest in the luxury sneaker and footwear brand P448.

Marlink Pulls JPMorgan-led $725MM Recap from Market

Reuters reported Norwegian satellite navigation group Marlink has withdrawn its €622 million ($725 million) dividend recapitalization loan.

Peapack-Gladstone Hires Robb as Senior Managing Director

Peapack-Gladstone Bank hired William “Bill” M. Robb as senior managing director and senior portfolio manager for Peapack Private, the wealth management division of the bank.