Intesa Sanpaolo Renews Natuzzi’s Securitization Facility
Natuzzi renewed its accounts-receivables securitization facility with an affiliate of Intesa Sanpaolo for an additional five-year period.
Natuzzi renewed its accounts-receivables securitization facility with an affiliate of Intesa Sanpaolo for an additional five-year period.
Gramercy Funds Management, a dedicated emerging markets investment firm, appointed Mohamed A. El-Erian to the new position of chair of the firm.
California Resources Corporation (CRC) entered into an amended and restated restructuring support agreement with approximately 85% of the holders of its term loans due 2017 and 68% of the holders of its unsecured and deficiency debt claims.
Wes Reagan joined White Oak Commercial Finance’s lender finance team as managing director of underwriting. Reagan most recently served as manager of investments for Peachtree Investment Solutions and as SVP and regional credit officer for State Bank and Trust Company.
Brooks Brothers filed a motion in the United States Bankruptcy Court for the District of Delaware to obtain court approval of an asset purchase agreement with stalking horse bidder SPARC Group.
Varagon Capital Partners is serving as administrative agent, lead arranger and bookrunner on a senior secured credit facility to support the acquisition of Consolidated Label Co. by Tenex Capital Management.
Westport Fuel Systems closed a $10 million term credit facility from Export Development Canada to bolster liquidity during the COVID-19 pandemic.
THL Credit will change its name to First Eagle Alternative Capital BDC in connection with the approval of a new advisory agreement between the company and First Eagle Alternative Credit, which was formerly known as THL Credit Advisors.
Crestmark secured a total of $7,703,300 in ABL financial solutions for seven new clients in the first half of July. In addition, Crestmark Equipment Finance provided $16,946,772 in three new lease transactions and Crestmark Vendor Finance provided $7,799,845 in 98 new lease transactions.
TCF Bank unveiled a $1 billion loan commitment to minority communities and minority- and women-owned small businesses, and a $10 million grant program to assist low-to-moderate income home buyers.