CIT: Mid-Market Retail Execs Show Mixed Sentiment
A new retail outlook survey from CIT finds that while 45% of middle-market retail executives believe an economic recovery is underway, 55% don’t expect a recovery to materialize until later.
A new retail outlook survey from CIT finds that while 45% of middle-market retail executives believe an economic recovery is underway, 55% don’t expect a recovery to materialize until later.
Lease Corporation of America said it has closed on an investment commitment of $20 million from Virgo Investment Group.
Iroko Pharmaceuticals announced it entered into a $75 million facility with an OrbiMed Advisors affiliate to support operations and its ZORVOLEX™ launch. MTS Securities acted as financial advisor.
Schulte Roth & Zabel announced key findings from its 2013 Distressed Investing M&A report, produced with Mergermarket and Debtwire, including that distressed investors are increasingly turning to firms in Europe.
Main Street Capital announced it provided a revolving line of credit to support the working capital of its new portfolio investment, a software-as-a-service provider.
Ally Financial announced it completed a private placement and repaid the U.S. Treasury $5.9 billion toward the investment that was made in the company. Ally said with the payment it has returned more than 70% of the original investment.
Oak Street Funding announced it increased its lending capacity with DZ BANK AG (Deutsche Bank Zentral-Genossenshaftsbank) to $125 million.
Bloomberg reported that Intermediate Capital Group and Nomura Holdings agreed to set up a mezzanine debt fund in Japan, citing increased demand as the world’s third-largest economy recovers.
NewPage Holdings announced that it will indefinitely idle its No. 12 paper machine in Rumford, ME by mid-February 2014
The U.S. Justice Department announced a $13 billion settlement with JPMorgan to resolve claims arising out of the packaging, marketing, sale and issuance of RMBS by JPMorgan, Bear Stearns and Washington Mutual.