News

Rosenthal & Rosenthal completed a deal to acquire the domestic factoring portfolio of financial services holding company BB&T._x000D_ _x000D_

Capital One Sponsor Finance led a senior secured credit facility to support the recapitalization of Groome Holdings by an affiliate of Cortec Group and the Groome family. _x000D_ _x000D_

BlueVine doubled the credit line size for its invoice factoring product to up to $5 million and increased the limit for its business line of credit product from $150,000 to $200,000.

Blue Hills Bank closed a new senior credit facility with Magnus Textile, a Chelmsford, MA-headquartered importer and distributor of specialized textile products.

Marquette Commercial Finance completed new financing with a digital health firm. KCP Advisory Group assisted in designing the funding solution for the company.

Monroe Capital established an Independent Sponsor Finance vertical to be led by Brad Bernstein, Chris Larson and Zia based out of the firm’s Chicago office._x000D_ _x000D_

Reuters reported the U.S. leveraged loan market has started 2018 with a high demand, allowing companies to reduce pricing on loans.

Heather Palmer joined Sidley Austin as a partner in its Environmental practice in Houston.

Private equity company Leonard Green & Partners will acquire ProMach from AEA Investors. Morgan Stanley and Goldman Sachs have agreed to provide debt financing to support the transaction.

Reuters reported Dutch-based retailer Action needs to refinance exisiting debt and pay out a dividend to shareholders, which has caused it to initiate a €2.4 billion ($2.9 billion) leveraged loan.