News

Reuters reported small lenders will gain more than major banks from the Dodd-Frank rollback passed by Congress._x000D_ _x000D_ _x000D_

The FDIC reported Q1/18 aggregate bank earnings of $56 billion were up 27.5% from the same quarter last year. The FDIC chairman noted an “increasingly competitive lending environment has led some institutions to reach for yield.”

According to the Chicago Tribune, three new bidders have emerged to challenge stalking horse bidder Gordon Brothers’ effort to purchase Necco wafers – long derided as America’s least favorite candy._x000D_ _x000D_

TAB Bank provided a $300,000 revolving credit facility for a Ohio-based trucking equipment company.

Maranon Capital was joint lead arranger for a senior secured credit facility to support Comvest Partners’ acquisition of Engage2Excel.

Edison International amended two credit facility with its lender group, increasing the revolving credit facility from $1.25 billion to $1.5 billion. Southern California Edison increased its revolver from $2.75 billion to $3 billion.

U.S. businesses continue to grow, as reflected by increased borrowing during Q4/17, the Commercial Finance Association announced.

Rex Energy filed a voluntary petition for Chapter 11 to facilitate a sale process for its remaining assets.

SSG Capital Advisors acted as the investment banker to Costume Gallery Holdings in the sale of substantially all of its assets to Henry & Wallace. The transaction closed in April 2018.

Gordon Brothers promoted 25 employees in 2018 across North America, Europe and Asia.