The National Association of Credit Management’s economic report for September managed to maintain most of the gain made in August. The sense was that some key areas were showing improvement, the NACM said.
Capital Access Network closed a new financing arrangement. Goldman Sachs is a new participant in the existing syndicate providing CAN
Medley Capital said it closed $5 million of additional commitments to its senior secured revolving credit facility led by ING Capital. Stamford First Bank joined the lending group and committed $5 million.
Due to uncertain macroeconomic conditions in Europe and China, importers and manufacturers who sell to America’s retailers continue to be concerned with the economic resources of manufacturers, according to Capital Business Credit.
iStar Financial announced that it has engaged J.P. Morgan, Barclays Capital and Bank of America Merrill Lynch to arrange a $1.8 billion refinancing of its 2011 senior secured credit facility.
CNBC released a transcript of Maria Bartiromo’s September 27 interview with CIT’s CEO John Thain during which, when asked if he was looking for a buyer for CIT, he replied “absolutely not.”
U.S. CFOs of middle-market companies surveyed this summer remain generally positive about the state of their own industries and continue to see measured growth over the next three years, according to the latest GE Capital Mid-Market CFO Survey.
CIT announced that it rang “The Opening Bell” at the New York Stock Exchange at 9:30 a.m. EDT on Thursday, September 27, 2012, in conjunction with the release of the “CIT Voice of the Middle Market: Perspectives from the Heart of America
Golub Capital announced that as sole bookrunner and administrative agent it provided a GOLD financing to support an equity investment in Secure-24 by Pamlico Capital.
In its latest report on manufacturers’ shipments, inventories and orders, the U.S. Census Bureau said new orders for durable goods in August decreased 13.2%. Excluding transportation, new orders decreased 1.6%.