J.P. Morgan, Merrill Provide $1.5B Revolver to Wyndham
Wyndham Worldwide closed a new $1.5 billion revolver, with J.P. Morgan Securities and Merrill Lynch acting as joint bookrunners. BofA served as administrative agent.
Wyndham Worldwide closed a new $1.5 billion revolver, with J.P. Morgan Securities and Merrill Lynch acting as joint bookrunners. BofA served as administrative agent.
Bloomberg reported that UBS has hired Jim Voorheis as head of Americas Specialty Finance, succeeding Halle Benett, who resigned earlier this year.
Sterling Financial and Commerce National Bank entered into a definitive agreement for Sterling to acquire CNB. The aggregate transaction value is approximately $42.9 million.
AlixPartners announced the appointment of Mat Hughes as a managing director in the firm’s Economics-Consulting Practice. Hughes joins from international law firm Ashurst where he was chief economist.
Babson Capital Management provided subordinated debt and made an equity co-investment to support Swander Pace Capital’s acquisition of Caleel + Hayden Holdings.
Bloomberg reported that the euro-area economy will shrink more than previously estimated in 2013 as part of a two-year slump that has pushed up unemployment to a record.
CoBiz Financial said it has promoted TJ Kern to manage CoBiz Structured Finance, which provides asset-based and private equity-sponsored loans to middle-market businesses within the company’s footprint.
Bloomberg reported, citing an internal memo, that JPMorgan Chase named Matt Zames sole chief operating officer as Frank Bisignano departed to become chief executive officer of First Data.
Law360 reported that the PA Supreme Court declined to review a ruling that revived a $500 million malpractice suit against K&L Gates for failing to uncover criminal fraud in the Le-Nature’s case.
Porter Bancorp, parent company of PBI Bank, announced that Joseph C. Seiler has been named to head the bank’s commercial banking business. When his appointment is approved he will become EVP of PBI Bank.