News

The Wall Street Journal reported that, despite a strong economy, regional banks have failed to see an upswing in lending._x000D_ _x000D_ _x000D_

Bibby Financial Services North America launched an affiliated with Precision Global Consulting to provide a complete recruitment finance and payroll funding solution for staffing companies. _x000D_ _x000D_

Stephan Heitz joined Lazard Asset Management as a managing director and head of Lazard Fund Managers._x000D_ _x000D_

SoftBank entered into a senior loan agreement in the amount of ¥1.6 trillion ($14.361 billion). The loan will mature in September 2024.

Bloomberg reported money managers are beginning to demand better rates and are avoiding riskier deals, as illustrated by a $1.475 billion loan for the buyout of chemicals company SI Group.

Gladstone Investment amended its credit facility led by KeyBank as administrative agent, swingline lender, managing agent and lead arranger. _x000D_ _x000D_ _x000D_ _x000D_

Kayne Anderson Capital Advisors closed its middle market credit fund, Kayne Senior Credit Fund III, with approximately $3 billion of investable capital.

Marquette Business Credit funded more than $32 million in new commitments for four new clients.

Ackroo received approval from the Royal Bank of Canada, in cooperation with Export Development Canada, to increase its current revolving line of credit from $200,000 to $350,000.

Golub Capital served as administrative agent, sole lead arranger and sole bookrunner on $450 million in senior credit facilities to support the acquisitions of California Cryobank and Cord Blood Registry by GI Partners.