News

Jason Anish, president and CEO of Austin Financial Services, was named president of the Southern California Chapter of the Commercial Finance Association._x000D_ _x000D_

CIT Direct Capital announced the results of its survey conducted by The Harris Poll, revealing nearly three out of four U.S. small businesses plan to expand their product and service offerings this year.

Sidley Austin added Michael Schiavone, Daniel O’Shea and David Ni to the firm’s New York office as partners in the Capital Markets practice. The group joined from O’Melveny & Myers.

Alvarez & Marsal Taxand added three new members to its tax advisory practice: Marvin Rust as managing director and head of Taxand Europe and Louise Jenkins and Andrew Ponting as senior directors.

Alliant Energy Finance, a wholly-owned subsidiary of Alliant Energy, entered into a two-year $300 million term loan credit agreement which matures in April 2020.

T-Mobile and Sprint agreed to merge in an all-stock transaction, a total implied enterprise value of approximately $59 billion for Sprint and approximately $146 billion for the combined company.

McClatchy, a publishing company based in Sacramento, CA, entered into a term sheet framework agreement with Chatham Asset Management for a $250 million tranche A term loan facility and an approximately $168.5 million tranche B term loan facility.

Trident VII Funds, managed by Stone Point Capital, made an investment in Gordon Brothers. Stone Point Capital is a private equity firm focused on investing in the financial services industry._x000D_ _x000D_

The Commercial Finance Association Education Foundation released its inaugural Secured Lending Confidence Index (SLCI). _x000D_ _x000D_ _x000D_

Hayfin Capital Management provided a €23 million ($27.805 million) debt facility consisting of a five-year term loan to Sinclair Pharma, an international aesthetics company.