CIT Arranges $210MM Financing for Jordan Company
CIT said that it arranged a $210 million senior secured credit facility for The Jordan Company, a private equity firm that specializes in buying and building companies.
CIT said that it arranged a $210 million senior secured credit facility for The Jordan Company, a private equity firm that specializes in buying and building companies.
Standard & Poor’s revised its outlook to negative from stable on the issuer credit ratings on RBS Citizens Financial and its main bank subsidiaries RBS Citizens and Citizens Bank of Pennsylvania.
American Realty Capital announced it has agreed to purchase from GE Capital an $807 million portfolio of 471 net lease properties that include ten nationally recognized brand restaurants.
Marquette Business Credit announced it provided Document Processing Services with a $7 million revolving line of credit to support its continued growth.
Wells Fargo said it has approved more SBA 7(a) loan dollars for America’s small businesses than any other lender to date in federal fiscal year 2013.
The Thomson Reuters/PayNet Small Business Lending Index increased 17% in April over the same month last year, but it is only slightly higher than the March reading, suggesting that small business investment remains sluggish, PayNet said.
AlixPartners announced that Dennis Cassidy joined as a managing director and co-lead of the firm’s Energy Practice. Cassidy started his career with ExxonMobil and was most recently at Booz & Co.
Clear Channel Communications announced the closing of its offer to amend its credit facility pursuant to which term loan B and/or term loan C lenders agreed to extend the maturity of a portion of their loans through the creation of a new $5 billion term loan D facility.
BYTEGRID, a data center company, announced an initial $25 million revolver arranged by KeyBank Real Estate Capital that includes an accordion feature allowing it to increase the size of the facility to $100 million.
Doral Healthcare Finance announced it has provided an amended credit facility for an existing client with an increase in commitment to $15 million.