Today’s News

    US Bank Taps Gordon to Head Emerging Payments Product & Strategy

    U.S. Bank has hired real-time payments industry veteran Peter Gordon to lead emerging payments efforts across the company.

    Dollar Bank Names Ritzert Chief Financial Officer

    Dollar Bank promoted Jerry Ritzert to chief financial officer. Ritzert originally joined Dollar Bank in March of 2018, as the executive vice president of Finance.

    Barclays Arranges Up to $1.7B in Financing for McDermott

    McDermott entered into an agreement with certain of its secured lenders to access to up to $1.7 billion of additional financing. Barclays is serving as lead arranger on the new financing.

    Payne Jr. Elected to Wells Fargo Board of Directors

    Richard Payne Jr. has been elected to the Wells Fargo board of directors, effective immediately, and will serve on the board’s Credit Committee.

    Ares Provides LoC to Stevens Aerospace and Defense Systems

    Ares Commercial Finance provided a senior secured revolving line of credit to Stevens Aerospace and Defense Systems.

    CrowdOut Capital Provides Term Loan to Tender Greens

    CrowdOut Capital completed a term loan to Tender Greens. Founded in 2006, the borrower is a trailblazer in the hospitality industry creating the fine-casual dining category.

    Pollen Street Provides $150MM Facility to Fintech Company West Creek

    Fintech company West Creek secured a $150 million credit facility from Pollen Street Capital, bringing the former’s total credit facility capacity to $250 million.

    Macquarie Provides $60MM Facility to Golden Star

    Golden Star Resources closed a $60 million senior secured credit facility with Macquarie Bank.

    Austin Financial Provides $5MM Revolver to Courier Company

    Austin Financial Services closed a $5 million ABL credit facility for a Midwest-based full-service courier company that provides parcel delivery throughout the country.

    Sallyport Provides $500K Facility to Food Manufacturer

    Sallyport Commercial Finance provided a $500,000 accounts receivable facility to a food manufacturer. The facility includes a small purchase order solution that helps fuel future growth.