Bloomberg: Court May Allow Madoff Investors to Keep Ponzi Profits
Bloomberg reported that a bankruptcy court ruling may allow overseas investors to keep profits they collected from Bernie Madoff’s Ponzi schemes.
Bloomberg reported that a bankruptcy court ruling may allow overseas investors to keep profits they collected from Bernie Madoff’s Ponzi schemes.
American Gilsonite has emerged from the Chapter 11 process. KeyBank served as administrative agent on a $30MM DIP facility that was converted to exit financing.
Security holders of VersaBank and PWC Capital have voted in favor of the planned merger of the two companies and related transactions and concurrent recap of PWC.
Clearlake Capital will acquire LANDESK from Thoma Bravo. Fully committed financing for the transaction was provided by Morgan Stanley Senior Funding, Barclays, Jefferies, Golub Capital, Macquarie and Nomura.
Commercial National Financial completed its merger with Capital Directions.
RiceBran Technologies, which develops products derived from rice bran, received an extension on its senior secured term notes and revolving line of credit with Great Elm Capital due to mature on December 31, 2016.
The Federal Reserve Bank of San Francisco’s board of directors appointed Robert Sarver, CEO of Western Alliance Bancorporation, to the Federal Advisory Council, replacing former Wells Fargo CEO John Stumpf.
T-Mobile USA entered into a new three-year $2.5 billion revolving credit facility and amended its $660 million secured term loan facility with Deutsche Telekom as administrative agent.
First NBC Bank entered into a purchase agreement with Whitney Bank, the bank subsidiary of Hancock Holding Company.
Innospec completed the acquisition of the European Differentiated Surfactants business from Huntsman. To support the transaction, Lloyds Bank added a $110 million term loan to Innospec’s credit facility.