News

Amerisource Business Capital closed and funded a $10 million credit facility for an IT staffing company based in California.

Energean Israel closed an agreement with four international banks for a $1.27 billion senior credit facility to finance the Karish Development Project.

The FDIC and Federal Reserve will require updated expectations for the next resolution plans of CIT and Citizens Financial Group.

A “Titans of Lending” panel moderated by Jennifer Palmer, president of Gerber Finance, and featuring John Brignola (LBC Credit Partners), Andrew McGhee (Alostar Business Credit) and Mike Sharky (MB Financial Business Credit) will be a highlight of this year’s Philadelphia...

GNC Nutrition Centers extended the maturity date of its term loans, cancelled its existing revolving credit facility and entered into a new $100 million ABL revolver. A portion of the extended term loans were exchanged for ABL FILO term loans...

CapX Partners added to its previous Fund IV investment in Adler Hot Oil Service by providing a senior secured term loan and lease line of credit totaling $2.75 million.

Wells Fargo continued its board refreshment process, as John S. Chen, Lloyd H. Dean, Enrique Hernandez, Jr. and Federico F. Pena have decided to retire from the board at its upcoming annual meeting of shareholders. _x000D_ _x000D_

Murphy & McGonigle added two accomplished lawyers, Daniel S. Alter and Katherine Cooper, with specialties in the fintech, blockchain, virtual currency exchanges and regulatory practices to expand the capabilities of the financial services and regulatory law firm._x000D_ _x000D_

Alan Friedman joined Shulman Hodges & Bastian as a partner in its Chapter 11 practice.

Cleveland-Cliffs amended its senior secured asset-based lending credit facility, extending the maturity date and reducing the oversize from $550 million to $450 million. Bank of America was administrative agent and lead arranger for the transaction.