Fitch: U.S. Banks’ Bulk Loan Sales to Grow
Fitch reported that U.S. banks holding large levels of nonperforming assets on their balance sheets are likely to pursue more bulk sales of distressed loans this year and next.
Fitch reported that U.S. banks holding large levels of nonperforming assets on their balance sheets are likely to pursue more bulk sales of distressed loans this year and next.
Dialogic amended its existing financial covenants with Tennenbaum Capital Partners and Wells Fargo Foothill Canada by eliminating them through 2013. The company also announced that it secured an additional $4.5 million in debt financing from Tennenbaum.
Bloomberg reported that computer software provider Deltek plans to lower the rate it will pay on a $450 term loan that is being arranged by the Jefferies Group.
On Deck said it has raised $42 million in Series D growth financing led by new investor, Institutional Venture Partners.
Bloomberg reported that Dell, which agreed to a $24.4 billion buyout this month, is coming under increased pressure to make the deal more attractive to shareholders who say the transaction undervalues the company.
GE announced the sale of its remaining 49% common equity interest in its joint venture with Comcast, which includes NBCUniversal (NBCU), as well as the NBCU floors in 30 Rockefeller Center, for $18.1 billion.
American Capital said it committed $89 million in a buyout of ASAP Industries. The company said its investment took the form of senior debt, sub-debt and equity.
The economic environment is turning around for America’s small businesses despite some lingering challenges from the recession, according to a new report by the U.S. Small Business Administration (SBA) Office of Advocacy.
CMF Associates announced that managing director Thomas Bonney will be honored this year as an Outstanding Director by the Philadelphia Business Journal.
Morgan Joseph TriArtisan announced the placement of $62.5 million in senior credit facilities following the formation of Civitas Media, a community oriented news media company. Morgan Joseph served as a placement advisor to Civitas.