News

FAT Brands entered into a $16 million senior credit facility with FB Lending. The company will partially use the proceeds to complete its acquisition of Hurricane Grill & Wings.

Aegean Marine Petroleum entered into a memorandum of understanding with Mercuria Energy Group and its affiliates to support Aegean's existing U.S. and global revolving credit facilities and to explore a global strategic partnership.

Learning Tree International entered into a line of credit agreement with the Kevin Ross Gruneich Legacy Trust, which will provide the company with access to up to $5 million at a fixed interest rate of 5% per year.

Enssolutions Group entered into a short term secured loan agreement with Hermelin Bridge, a New York-based working capital financing company. Hermelin advanced the company a $100,000 non-revolving term loan.

Reuters reported that syndicated lending is peaking, partly due to lowered corporate taxes and a push to borrow before interest rates rise. The result is an upswing in mergers and company refinancings._x000D_ _x000D_

The SEC charged T.J. Jesky and Mark F. Stefano with profiting from illegal sales of stock of a company claiming to have a blockchain-related business. The pair agreed to return approximately $1.4 million of allegedly ill-gotten gains and pay $188,682...

As small business owners increasingly shun regular bankers’ hours, Kabbage reported 145,000-plus customers accessed more than 300,000 after-hours loans for a total of more than $1 billion in funding.

AlixPartners’ Spencer Ware and Ben Chesters have been recognized in M&A Advisor’s Ninth Annual “Emerging Leaders” Awards. Ware is a director in the firm’s Turnaround and Restructuring practice, while Chesters is a SVP in the same practice._x000D_ _x000D_

Reuters reported UK supermarket Sainsbury’s closed £3.5 billion ($4.5 billion) in syndicated loans in order to facilitate an acquisition of Walmart's Asda, which is valued at £7.3 billion ($9.7 billion).

Innergex Renewable Energy acquired a sizable 250MWAC/315 MWDC photovoltaic solar project located in Winkler County, TX from Longroad Energy Partners.