Palatin Closes $10MM Venture Loan with Horizon Technology
Palatin Technologies closed a $10 million venture loan led by Horizon Technology Finance.
July 6, 2015
Horizon Technology Finance | Palatin Technologyies
Rita Garwood
TD Bank Promotes Iannuccilli to VP/BDO ABL Mid-Atlantic
TD Bank said it has promoted Joseph A. Iannuccilli to vice president, business development officer in Asset-Based Lending. He will be responsible for ABL relationships across the Mid-Atlantic region.
July 2, 2015
Justice Department Blocks GE, Electrolux Deal
The Justice Department filed an antitrust lawsuit to stop Electrolux from buying GE’s appliance business. Official says “proposed acquisition would leave millions of Americans vulnerable to price increases.”
July 2, 2015
J.P. Morgan Leads TriMas $775MM Refinancing
TriMas said it closed an amendment to its existing credit facilities, comprised of a $500 million revolver and a $275 term loan, in conjunction with the recent spin-off of its Cequent businesses. J.P. Morgan was said to have led the refinancing process.
July 2, 2015
ABN AMRO, Others Arrange $413MM Refi Facility for Halcyon
Halcyon Agri said it completed a refinancing of up to $413 million with mandated lead arrangers ABN AMRO, Credit Suisse and DBS.
July 2, 2015
Jack Henry Acquires Bayside Business Solutions
Jack Henry said it acquired Bayside Business Solutions, a provider of portfolio management systems for commercial lenders and factoring software.
July 2, 2015
ISM: June Manufacturing Activity Up 30th Consecutive Month
According to the Manufacturing ISM Report on Business, economic activity in the manufacturing sector expanded in June for the 30th consecutive month. New orders, production, employment and inventories are growing.
July 2, 2015
ABF Journal to Observe Independence Day
The ABF Journal and abfjournal.com office will be closed on Friday, July 3 in observance of Independence Day. We will return on Monday, July 6 to continue with our daily news coverage of the asset-based lending and factoring industries. Have a great weekend!
July 2, 2015
Reuters: Sherin Sees Asset Sale Pace Speeding Up in Q3
Reuters reported that in an interview, GE Capital CEO Keith Sherin said he expects the pace of GE Capital asset sales will accelerate in the third quarter.
July 1, 2015
Bank of America Agents FTI $550MM Revolver
FTI Consulting said it entered into a $550 million senior secured revolver which amends and extends the maturity date of the company’s existing $350 million credit facility.
July 1, 2015