Stifel, Carlyle Enter into Strategic Relationship
Stifel Financial entered into a strategic relationship with Carlyle GMS Finance whereby the companies will mutually refer middle-market opportunities to each other.
Stifel Financial entered into a strategic relationship with Carlyle GMS Finance whereby the companies will mutually refer middle-market opportunities to each other.
Savile Finance Group said it implemented Bayside Business Solutions’ CADENCE | Live platform for ABL and ClientWeb to administer its business-to-business lending.
Arsenal Capital’s Diversified Global Graphics Group completed the refinancing of its senior debt with Cole Taylor Business Capital. The terms of the loans were not disclosed.
Most U.S. banks should be able to meet tougher standards set by U.S. banking regulators in their final capital rules, Fitch Ratings said.
Bloomberg reported that S&P will defend itself in the government’s fraud case against the ratings agency by arguing reasonable investors would not have relied on its “puffery” about credit ratings.
Bloomberg reported that GE Capital and AIG opted against fighting a decision by regulators that they pose potential risks to the economy, clearing the way for stricter oversight.
UniTek Global Services said it has received a commitment letter from Apollo Investment for financing arrangements including an asset-based revolving credit facility totaling $75 million.
Trueffect, a first-party media and measurement platform for large performance advertisers, said it has entered into a new agreement with East West Bank to provide the company with working capital to support its continued growth.
ERF Wireless closed on an $8 million revolver with TCA Global Credit Master Fund. TCA committed a total of $8 million over time through senior secured revolving notes, with the initial tranche of $1.5 million
The Fed said it has approved a final rule that establishes an integrated regulatory capital framework for larger banking organizations, while it minimizes the burden on smaller, less complex financial institutions.