Canadian Bank Renews Dejour Energy Facility
Dejour Energy announced it renewed its $3.5 million facility with Canadian Western Bank.
Dejour Energy announced it renewed its $3.5 million facility with Canadian Western Bank.
The Federal Reserve said it will reduce its monthly bond buying purchases by $10 billion beginning in January and will keep the target range for the federal funds rate at 0 to 0.25%
Commercial Funding Partners recently secured a $5 million SBA loan for a west coast industrial firm as part of larger $14 million plan set forth by the company to improve operations and double their customer capacity.
Bloomberg reported that credit quality for U.S. companies is showing signs of weakening as issuers borrow unprecedented amounts of money to expand and reward shareholders.
TIER announced it closed a revolver secured by six assets and has an initial commitment of $260 million. KeyBanc Capital Markets and J.P. Morgan Securities were the co-lead arrangers and bookrunners.
Goldman Sachs MLP Income Opportunities Fund announced it closed its $395 million committed line of credit with a major U.S. financial institution.
Reuters reported that bankrupt wireless communications firm LightSquared is seeking to raise exit financing, and targeting a $2 billion to 2.5 billion exit term loan, sources said.
The SEC proposal would build upon a regulation that would enable companies to offer and sell up to $50 million of securities within a 12-month period.
In its December report on the food, beverage and agribusiness sectors, GE Capital said that leveraged loan volume in these sectors through Q3 totaled $96.7 billion, a 47% increase year-over-year.
The Commerce Department reported that new orders for manufactured durable goods in November increased $8.2 billion or 3.5%. The New York Times notes in a related story, the increase outpaced economists’ expectations for a 2% rise.