GE Capital Sheds Franchise Related Assets
American Realty Capital announced it has agreed to purchase from GE Capital an $807 million portfolio of 471 net lease properties that include ten nationally recognized brand restaurants.
American Realty Capital announced it has agreed to purchase from GE Capital an $807 million portfolio of 471 net lease properties that include ten nationally recognized brand restaurants.
Wells Fargo said it has approved more SBA 7(a) loan dollars for America’s small businesses than any other lender to date in federal fiscal year 2013.
The Thomson Reuters/PayNet Small Business Lending Index increased 17% in April over the same month last year, but it is only slightly higher than the March reading, suggesting that small business investment remains sluggish, PayNet said.
Clear Channel Communications announced the closing of its offer to amend its credit facility pursuant to which term loan B and/or term loan C lenders agreed to extend the maturity of a portion of their loans through the creation of a new $5 billion term loan D facility.
BYTEGRID, a data center company, announced an initial $25 million revolver arranged by KeyBank Real Estate Capital that includes an accordion feature allowing it to increase the size of the facility to $100 million.
Doral Healthcare Finance announced it has provided an amended credit facility for an existing client with an increase in commitment to $15 million.
The Wall Street Journal reports that GE Capital CEO Mike Neal expects the finance unit to be designated systemically important by regulators when they meet next week to determine which companies pose a risk to the U.S. financial system and merit tougher scrutiny.
Competitive pricing and easier terms offered by U.S. banks on C&I loans likely signal weakening asset quality for many commercial lenders, according to Fitch.
The Wall Street Journal reported that Dell has filed proxy materials with the SEC regarding its proposed acquisition by Michael Dell and Silver Lake Partners, again arguing that going private is best for the company.
An article posted on CFO.com cited a report that indicates private companies are less likely to default on debt, making them well-positioned to secure loans for expansion.