News

Ankura appointed Alex Sorokin senior managing director, based out of New York.

Golub Capital’s Late Stage Lending team provided a $75 million growth financing to Apttus.

Robert Katz, managing director in EisnerAmper’s Bankruptcy and Restructuring Group, was named “Distressed M&A Deakmaker of the Year” by M&A Advisor._x000D_ _x000D_

OnDeck reported Q4/17 net income of $5.1 million compared to a net loss of $35.9 million for the same quarter in 2016. Q4/17 provision charges of $34.4 million compared to $55.7 million for the same quarter a year earlier.

GNC Holdings reached an agreement with Harbin Pharmaceutical Group for a joint venture in China. Concurrently, GNC is amending its credit facility agented by JPMorgan to extend the maturity date of the term loan and add a new $100 million...

Crowdfund Insider reported that Goldman Sach’s CEO Lloyd Blankfeld announced the bank’s fintech arm, Marcus, has originated $2 billion in consumer loans and has access to $17 billion in deposits.

Reuters reported that Bank of America Merrill Lynch, Barclays, Morgan Stanley, Deutsche Bank and UBS are leading the debt financing to support EG Groups acquisition of the Kroger Grocery chain’s convenience store unit.

TAB Bank provided a $1 million revolving credit facility to a California-based manufacturing company.

Remington Outdoor reached a restructuring support agreement with creditors holding a majority of the FGI Operating Company term loans due in 2019. Bank of America, as administrative agent, reached a forbearance agreement with the company for the term B loans.

CFO reported that banks are increasing their use of blockchain technology, in part, because it enables them to more efficiently manage foreign exchange transactions._x000D_ _x000D_