Cole Taylor Business Credit Refinances DG3 Debt
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.
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.
Energy Focus completed its previously announced convertible debt. The financing has been completed at $5.9 million and will mature in December 2016.
The ABF Journal and abfjournal.com office will be closed on Thursday, July 4 and Friday, July 5 in observance of Independence Day. We will return on Monday, July 8 to bring you our coverage of the commercial finance industry.