Category: Industry News

On Assignment Closes Acquisition of Apex Systems

On Assignment announced the completion of its acquisition of Apex Systems. In connection, On Assignment obtained a new $540 million senior secured credit facility from Wells Fargo Bank, Bank of America Merrill Lynch and Deutsche Bank Trust Company Americas.

CFO: The High Price of Cheap Debt

In an opinion piece appearing on CFO.com, Scott Berquist at Silicon Valley Bank notes leverage can be a powerful tool, but optimizing its application requires some calculus of cost versus benefit.

Travelers Capital Arranges $26 Million for Riverbank Power

Travelers Capital arranged a $26 million senior secured credit facility to fund construction for Riverbank projects in Oregon and Montana. Travelers structured and arranged the senior secured project financing consisting of a construction loan followed by a 20-year term loan for each of the two projects.