ABI: Northeast Bankruptcy Conference
For more information and to register, click here.
For more information and to register, click here.
For more information and to register, click here.
Reuters reported that Ambac Assurance sued Bank of America to recoup losses from insuring nearly $1.7 billion of securities backed in part by risky mortgages from the bank’s Countrywide loans unit.
Advanced Energy Capital, an energy finance company, announced the signing of a letter agreement to finance up to $50 million for the installation of CHP projects originated and developed by Power Island Energy.
LICT’s wholly owned subsidiary Brighton Communications obtained a $30 million revolver from CoBank. The two-year facility replaces the company’s previous $25 million credit line.
Pauline K. Morgan, a partner in Young Conaway Stargatt & Taylor’s Bankruptcy and Corporate Restructuring section, will be inducted as a Fellow of the American College of Bankruptcy.
The Credit Managers’ Index from the National Association of Credit Management showed several categories with lows not seen since March 2014, with a combined 54.9 in manufacturing and service sectors.
According to the latest Manufacturing ISM Report on Business, economic activity in the manufacturing sector expanded in December for the 19th consecutive month, and the overall economy grew for the 67th consecutive month.
Global regulators have reportedly outlined measures to ensure capital held by banks does not fall below a certain level and to adopt a more consistent approach across the industry to measuring risk.
Business Capital structured and secured a multi-million dollar credit facility for Mike’s Bikes. With 11 locations spread throughout Northern California, the company plans to continue expanding over the next three years.