News

Crain’s Business Journal reported that Toronto-based BMO Financial Group made a higher offer than Fifth Third Bank to acquire MB Financial, but MB’s board voted to go with the U.S.-based bank.

Wells Fargo Advisors agreed to settle charges of misconduct in the sale of financial products known as market-linked investments, or MLIs, to retail investors, according to the SEC._x000D_ _x000D_

A CIT study found a large majority of middle market executives plan to invest in their business in 2018, primarily in technology, equipment and new personnel.

SemGroup amended its credit facility to refinance the outstanding $530.75 million of senior secured term loans and repay the $60 million of revolver borrowing under that agreement.

ACT Capital Advisors acted as financial advisor on the recapitalization of Fast Water Heater Company by Montlake Capital.

Monroe Capital acted as sole capital provider on the funding of a $49.3 million credit facility and equity co-investment to support the acquisition of a specialty chemical platform by the private equity sponsor, Highland Avenue Capital Partners.

Silicon Valley Bank provided a $10 million credit facility to Onit, a provider of enterprise legal management, contract management and business process automation solutions.

David Parker has joined Lazard’s Middle Market Advisory practice as a managing director in the Telecommunications, Media and Technology Group. He will be based out of New York.

Gray Television and Raycom Media agreed to merge in a transaction that will create the single largest owner of local television stations and digital assets in the country. Wells Fargo underwrote $2.525 billion in debt financing to support the deal.

Original ChopShop obtained a senior credit facility from BBVA Compass to support ongoing expansion of new restaurants. The funding package will allow the company, which currently has eight locations, to open another eight to 10 new restaurants by the end...