New orders for manufactured durable goods in March decreased $8.8 billion or 4.2% to $202.6 billion, the U.S. Census Bureau announced in its advanced report. This decrease, down two of the last three months, followed a 1.9% February increase.
The Pittsburgh Post-Gazette reported that the son and wife of former Le-Nature’s CEO Gregory J. Podlucky were sentenced to nine and four years in prison, respectively, ending the criminal cases associated with the Latrobe beverage maker’s collapse.
Essex Capital Group announced that the firm arranged $833,000 in new financing for Flagship Brands (d/b/a Feetures!), a North Carolina-based designer and distributor of performance athletic socks.
Graystone Capital has provided a $375,000 accounts receivable line of credit to a lighting company.
Golub Capital announced that it provided $18.9 million in subordinated notes for the refinancing of The Atlas Group, a portfolio company of Graham Partners.
The House has approved a bill to help small and rural businesses obtain loans and create jobs. The bill revises the Dodd-Frank Reform Act to provide smaller banks with relief from regulations governing a bank’s ability to provide low-rate fixed loans to small businesses.
Republic Business Credit announced a $750,000 receivables purchase facility for a startup Pennsylvania-based distribution company. Proceeds will be used to aid in the company’s restructuring plan.
The New York Institute of Credit (NYIC) announced its 93rd Annual Banquet will be held on June 5, 2012 from 5 p.m. to 8 p.m. at the New York Hilton and Towers, 1335 Avenue of the Americas in New York City.
Riveron Consulting has announced four industry veterans will join the firm’s Dallas office. Kelley Hartley is senior manager, Bryce Tutjer is a manager, Dawson Oswalt is a manager and Alex Benanti is an associate.
GE Capital, Corporate Finance announced it is administrative agent for a $70 million asset-based credit facility for Le Chateau, a Canadian specialty retailer and apparel manufacturer. The loan will be used to refinance existing debt and support working capital needs.