Dealstruck Announces ABL Product
Dealstruck announced the launch of its ABL product to provide flexible working capital to growing small businesses.
Dealstruck announced the launch of its ABL product to provide flexible working capital to growing small businesses.
Bloomberg reported Wells Fargo & Co. will soon be able to manage debt-security offerings in Canada as it builds out its underwriting business.
Smaller U.S. banks appear to have been more aggressive lenders, particularly with C&I loans, and may be more vulnerable to asset quality deterioration in a rising rate environment, according to Fitch Ratings.
The Labor Department said U.S. employment rose by 74,000, and the unemployment rate declined from 7.0% to 6.7% in. Employment rose in retail trade and wholesale trade but was down in information.
Grant Thornton announced it strengthened its Financial Services Tax team, with the appointment of new partner, Richard Milnes.
Related Companies announced it recently closed on two mezzanine and bridge debt investments.
Bloomberg reported KKR raised $2 billion for a fund that will provide financing to distressed companies globally.
UCB announced the closing of an amendment to its €1.0 billion ($1.361 billion) revolver. BNP Paribas Fortis Bank, Commerzbank, ING and Mizuho acted as joint coordinating bookrunners.
Oncologix Tech closed on a $4 million revolver. Under the terms of the agreement, TCA Global Credit Master Fund committed to lend the $4 million through one of the Fund’s senior secured revolving notes.
The Small Business Investor Alliance announced its 2014 Northeast Private Equity Conference will be held January 22 at the Grand Hyatt Hotel in New York City.