News

Trade Finance Solutions served as lead financier for the completion of the second tranche of a $100 million supply chain finance program for a Southeastern U.S. mobile technology company.

Concord Financial Advisors closed a $9.6 million transaction for the AMS Group that included a $7 million revolving line of credit, a $1.6 million equipment term loan, a $750,000 CapEx line of credit and a $250,000 advance term loan.

Sears Holdings filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. Bank of America is serving as administrative agent for $300 million of senior DIP...

International financial services expert and former French government aide Pierre Mariani has joined AlixPartners as a managing director in the firm’s financial services practice._x000D_ _x000D_

Perella Weinberg Partners has added Jérôme Brassart as a managing director in its Advisory business. Brassart will lead the firm’s Utilities and Infrastructure Sector effort within PWP’s Industrials team.

National Stores will begin a store closing sale at 184 of its remaining locations. The store closing sales are being conducted by a joint venture consisting of Hilco Merchant Resources, Gordon Brothers and SB360 Capital Partners.

Huntington Business Credit closed on $56.6 million credit facilities with Winona Foods.

InterNex Capital provided a $650,000 ABL line of credit for a minority-owned consulting company.

Wells Fargo reported Q3/18 net income of $6.01 billion was up 32% from $4.54 billion in Q3/17. The bank also noted YTD U.S. C&I Loan and Lease Financing yields of 4.08% and 4.82%, respectively were up from 3.70% and 4.78%...

Global law firm Ropes & Gray named Matthew Jacobson, an accomplished attorney with experience handling a full spectrum of buy- and sell-side M&A transactions, a partner in the firm's mergers and acquisitions practice._x000D_ _x000D_