News

Wells Fargo reported U.S. C&I average loan balances of $273.7 billion for the six-month period ending June 30, 2018, compared to $273.9 billion a year earlier. The average yield of 4.00% was up 35 BPS from 3.65% for the same...

The New York Times reported Goldman Sachs is expected to name its president, David M. Solomon, as its next chief executive._x000D_ _x000D_ _x000D_

TCF Capital Funding acted as administrative agent on $14 million in secured financing that will support Clearview Capital’s acquisition of Mudlick Mail.

Platinum Equity closed its capital raising for Platinum Equity Small Cap Fund, the firm’s inaugural fund focused exclusively on investment opportunities in the lower middle market._x000D_ _x000D_

Amerisource Business Capital closed and funded a $1 million credit facility for a Michigan-based manufacturer and distributor of component parts for heavy equipment.

MidCap Financial provided a senior secured credit facility to Lux Global Label Company, a labeling supplier.

Utica Leaseco completed two transactions totaling $1 million during the week of July 9, 2018.

MB Business Capital provided a new $10 million senior credit facility to Iselin, NJ-based Taylored Services. The facility was used to fund the recapitalization of Taylored's existing debt structure and working capital needs.

Praesidian Capital agented a $22.4 million senior debt investment to support the merger of Power Design Services and Green Circuits.

Troy Keller joined law firm Dorsey & Whitney as of counsel in the Corporate Group in Salt Lake City.