Cronos Holding Company’s indirect wholly owned subsidiary, CRX Intermodal Bermuda, renewed its $1.215 billion warehouse credit facility with ING Bank, Deutsche Bank, Wells Fargo Bank, ABN AMRO Capital USA, Credit Suisse, Cayman Islands Branch, SunTrust Bank, Key Equipment Finance and EverBank Commercial Finance.
CIT Group has commenced an offering of senior unsecured notes due 2017 and senior unsecured notes due 2022 in a transaction registered with the SEC. The joint bookrunning managers for the offering are BofA Merrill Lynch, Deutsche Bank Securities, Goldman, Sachs & Co. and J.P. Morgan.
Golub Capital, as administrative agent, announced that it provided a senior debt facility to support the acquisition of Global Claims Services by Windjammer Capital Investors.
LLR Partners and WellPoint announced a growth capital investment in Physicians Immediate Care, a provider of management services to 20 independently owned medical clinics in Illinois, Nebraska and Oklahoma.
Bank of America announced that it has hired more than 30 small business bankers across the greater Chicago area to provide guidance to local small business owners. The additions are part of the company’s previously announced plan to hire 1,000 small business bankers nationwide.
Dresner Partners announced that it advised Pewaukee, WI-based IMCO Technologies, in the divestiture of its critical test results management solution to Amcom Software.
Harris Williams & Co. announced the sale of Suzo-Happ Group, a global supplier of components and accessories to the gaming, amusement and industrial markets.
Prospect Capital announced that it has increased total commitments to the five-year $650 million revolving credit facility for Prospect Capital Funding by $15 million to $507.5 million in the aggregate.
Bloomberg reported that Fed chairman Ben S. Bernanke may be taking another look at cutting the interest rate the Fed pays on bank reserves to bring down short-term borrowing costs and spur the slowing U.S. expansion.
Despite more than one-third of polled small business owners reporting that they are somewhat or significantly understaffed, most don’t plan to hire in the upcoming months, according to a new survey by TD Bank.