Wapiti Energy Holdings closed a $375 million acquisition of producing oil fields properties owned by Layline Petroleum, and its affiliates. Funding was provided by Wells Fargo and Scotiabank.
AloStar Business Credit provided a $12 million revolver to Sycamore Networks Solutions. The facility provides the company access to working capital and additional liquidity to support growth of the company’s operations.
44 Business Capital announced that Phillip Martin was hired as SVP and SBA loan officer in Philadelphia. Martin previously served as VP, principal relationship manager, Business Banking Group at Wells Fargo.
Healthcare Finance Group provided $18 million in debtor-in-possession financing to KidsPeace Corporation, which filed a voluntary petition for reorganization under Chapter 11 on May 21, 2013.
S&T Bank appointed John Kline as SVP, commercial lending. Prior to S&T, Kline served as senior vice president, commercial lending at another regional financial institution.
The latest Duke University/CFO Magazine Global Business Outlook Survey showed that optimism among CFOs about the U.S. economy is now above the long-run average for only the second time since 2007.
The IFA announced that four new members were appointed to its board of advisors. New members, Tina Capobianco, Steve Hausman, Julie Regenold and Stuart Rosenthal will each serve a two-year term.
Mizuho Corporate Bank announced the appointment of Andrew Dewing, executive officer, as general manager of its U.S. Corporate Finance Division.
Reuters reported that brokerage firm MF Global effectively ended its bankruptcy when, according to the article, the firm’s court-appointed trustee Louis Freeh will step down and hand over wind-down duties to a new three-member board.