http://www.abfjournal.com ABF Journal 30 Thu, 29 Jul 2010 11:12:42 -0500 Private equity firm The Sterling Group completed the acquisition of B&G Crane Services. Wells Fargo Capital Finance, BNP Paribas, Capital One Leveraged Finance and Whitney Bank provided debt financing for the acquisition. http://www.abfjournal.com/story.asp?id=30762 Thu, 29 Jul 2010 10:50:58 -0500 Guy Williams, CEO of Gulf Coast Bank, announced Meg Roberson has been promoted to national sales manager of the Gulf Coast Business Credit division. http://www.abfjournal.com/story.asp?id=30763 Thu, 29 Jul 2010 10:51:24 -0500 Derycz Scientific entered into an arrangement with Silicon Valley Bank for a $3 million revolving line of credit that maturing in 2011. http://www.abfjournal.com/story.asp?id=30764 Thu, 29 Jul 2010 10:51:41 -0500 Transfac Capital announced the addition of Eric Atencio as a region director of business development in Phoenix to manage a territory comprised of Arizona and the Greater Las Vegas and Los Angeles areas. http://www.abfjournal.com/story.asp?id=30765 Thu, 29 Jul 2010 10:51:58 -0500 American Safety Razor Company has filed for Chapter 11 protection to facilitate a acquisition by its first lien lenders. The company also received commitments for $25 million in DIP financing from UBS as administrative agent. http://www.abfjournal.com/story.asp?id=30766 Thu, 29 Jul 2010 10:52:18 -0500 Oxford Finance was the lead lender for a $30 million credit facility provided to Cadence Pharmaceuticals. Silicon Valley Bank and GE Financial Services also participated in the loan agreement. http://www.abfjournal.com/story.asp?id=30759 Wed, 28 Jul 2010 16:8:17 -0500 An economic recovery "may not be enough to stave off looming credit troubles" at many U.S. casino companies, including those that have restructured their debts, Moody's Investors Service said. http://www.abfjournal.com/story.asp?id=30767 Thu, 29 Jul 2010 10:52:41 -0500 Visteon has signed a letter agreement with the four financial institutions comprising a steering committee of the company's term loan lenders and the agent for the company's term loan facility, in which they affirmed their support of the company's fourth amended plan of reorganization. http://www.abfjournal.com/story.asp?id=30768 Thu, 29 Jul 2010 10:52:59 -0500 Ferro has entered into an amended and restated credit agreement with Credit Suisse, Cayman Islands Branch, as original term loan administrative agent, PNC Bank as new term loan administrative agent and revolving loan administrative agent, and National City Bank, as collateral agent. http://www.abfjournal.com/story.asp?id=30769 Thu, 29 Jul 2010 10:53:18 -0500 MicroFinancial's operating subsidiary, TimePayment, has increased its revolving credit facility from $85 million to $100 million and has extended the term for an additional three years. http://www.abfjournal.com/story.asp?id=30770 Thu, 29 Jul 2010 10:53:36 -0500 American Securities is currently bidding on California Pizza Kitchen, Reuters reported. http://www.abfjournal.com/story.asp?id=30771 Thu, 29 Jul 2010 0:0:0 -0500 Liquid Capital has completed two factoring credit facilities totaling $1.25 million. http://www.abfjournal.com/story.asp?id=30772 Thu, 29 Jul 2010 10:54:13 -0500 According to the Federal Reserve's Beige Book on economic activity, banking conditions varied across Fed districts through July, with some districts noting soft or decreased overall loan demand; credit standards remained tight in most reporting districts. http://www.abfjournal.com/story.asp?id=30773 Thu, 29 Jul 2010 10:55:46 -0500 Three former financial services executives face federal indictment for their alleged participation in fraud schemes and conspiracies related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts, the U.S. Department of Justice announced. http://www.abfjournal.com/story.asp?id=30760 Wed, 28 Jul 2010 16:10:16 -0500 New orders for manufactured durable goods in June decreased $2.0 billion or 1% to $190.5 billion, the largest drop since August, the U.S. Census Bureau reported. Transportation equipment, down four of the last five months, had the largest decrease. http://www.abfjournal.com/story.asp?id=30761 Wed, 28 Jul 2010 16:10:46 -0500