Today’s News

    DeCero, Borrecco To Lead Combined Mechanics/Rabobank Bank

    Following the strategic combination of the Mechanics Bank and Rabobank, John DeCero, president and CEO of Mechanics Bank, and Mark Borrecco, CEO of Rabobank, will serve as Co-CEOs of the new organization.

    FTI Survey: Lenders Expect Increased Workout Activity in 2019

    A survey from FTI Consulting revealed a majority of lenders in the U.S. market believe the number of loans monitored and actively managed by their workout groups will increase over the next year.

    Innovatus, East West Provide $30MM Facility for Conformis

    Conformis has secured up to $30 million in debt financing from Innovatus Capital Partners and East West Bank and $3 million in equity financing from Innovatus.

    CapitalPlus Promotes Powell to Director of Sales

    CapitalPlus Construction Services promoted former Detroit Tiger Curt Powell to director of Sales.

    Wilson Joins Houlihan Lokey Global Industrials Group

    Robert M. Wilson has joined Houlihan Lokey as a managing director in the Industrials Group.

    Rosenthal Closes $50MM Factoring Facility with Textiles Company

    Rosenthal & Rosenthal completed a $50 million factoring deal, including a $15 million financing facility, for a New Jersey-based home textiles company.

    GlassRatner Adds Restructuring & Forensic Investigations Pros

    GlassRatner Advisory & Capital Group added Wayne P. Weitz and Coral M. Hansen to the firm’s growing Bankruptcy & Restructuring and Forensic Accounting & Litigation Support practices.

    FSW Closes $5.MM L/C for Staffing Firm

    FSW Funding completed a $5 million credit line, including an accordion feature, to a California-based staffing company.

    Essex Provides $4.55MM Term Loan to Jerry Harvey Audio

    Essex Capital Group arranged a $4.55 million term loan for Jerry Harvey Audio Holdings.

    Utica Provides $4MM Term Loan to Coal Mine

    Utica Equipment Finance closed a $4 million secured term loan for the acquisition and operations of a new above ground coal mine.