News

Vincent D. Foster, co-founder of Main Street Capital, is stepping down and turning over his responsibilities to Dwayne L. Hyzak._x000D_ _x000D_

SunTrust Banks named Ellen M. Fitzsimmons general counsel and corporate executive vice president. She succeeds Raymond D. Fortin, who is retiring after a 40-year career.

PetroShare obtained $5 million in debt financing and closed an agreement in principle to obtain an additional $20 million senior secured credit facility with Providence Energy and Fifth Partners as lenders.

ChemoCentryx will receive a $50 million milestone payment from Vifor Fresenius Medical Care Renal Pharma and a $50 million credit facility from Hercules Capital.

North Hill Capital provided a $1 million ABL revolver to to Sandusky Electric.

Reuters reported that syndicated lending in Europe, the Middle East and Africa dropped in 2017 to its lowest volume level since 2012.

The U.S. Bankruptcy Court approved Appvion's official committee of unsecured creditors' stipulation amending the final DIP order to extend the challenge period. Wilmington Trust had agreed to provide a $325.2 million term loan for the papermaker.

AVEO Oncology refinanced its existing $20 million debt facility with Hercules Capital.

ANI Pharmaceuticals closed a new five-year, $125 million senior secured credit facility with Citizens Bank.

A fund managed by an investment advisor subsidiary of BlackRock joined OnDeck’s platform of financing partners as a committed source of capital to fund small business loan growth.