CIBC Provides New $70MM ABL for Alcanna
Alcanna entered into a new senior secured $70 million asset-based revolving credit facility with Canadian Imperial Bank of Commerce acting as the sole lender.
Alcanna entered into a new senior secured $70 million asset-based revolving credit facility with Canadian Imperial Bank of Commerce acting as the sole lender.
AutoWeb entered into a new three-year, $25 million secured revolving credit facility with PNC Bank.
Oxford Finance closed a $60 million senior secured term loan with RefleXion Medical. a biotargeting oncology company developing a biology-guided radiotherapy (BgRT) machine for targeted cancer treatment.
CIBC has added asset-based lending capabilities to its Cleveland office with the addition of Joe Panico as managing director of Business Development.
Newtek Business Services closed a $100 million senior-secured revolving credit facility with Deutsche Bank.
Shelley Seifert, former COO of First Bank, has taken over the position of chairman and CEO.
iHeartMedia emerged from Chapter 11 and completed its restructuring process, significantly reducing debt from $16.1 billion to $5.75 billion.
Flagstar Bank hired Jason Lee to lead Flagstar’s Secondary Marketing and Capital Markets operations.
TradeRiver provided a $750,000 revolving trade facility to a refrigerator equipment distributor.
Boeing secured a $1.5 billion credit line as a financial precaution while the company’s 737 Max sales remain on hold.