News

Murphy & McGonigle added two accomplished lawyers, Daniel S. Alter and Katherine Cooper, with specialties in the fintech, blockchain, virtual currency exchanges and regulatory practices to expand the capabilities of the financial services and regulatory law firm._x000D_ _x000D_

Alan Friedman joined Shulman Hodges & Bastian as a partner in its Chapter 11 practice.

Cleveland-Cliffs amended its senior secured asset-based lending credit facility, extending the maturity date and reducing the oversize from $550 million to $450 million. Bank of America was administrative agent and lead arranger for the transaction.

Acasta Enterprises entered into a non-binding term sheet with Martello Finance to sell Stellwagen Group. As a condition of the sale, the company is required to repay $25 million under its $150 million credit facility. Acasta has requested an extension...

Canadian Solar secured a non-recourse project finance facility of up to ¥16 billion ($149 million) from Shinsei Bank. The facility will be used to support its 53.4 MWp Oita Hijimachi solar power project.

Questor Technology has secured a $5 million revolving capital loan and a $1 million operating loan from HSBC.

The FDIC reported commercial banks and savings institutions' Q4/17 net income was 40.9% lower than a year ago largely due to one-time changes from the new tax law.

Former Rosenthal & Rosenthal general counsel David Flaxman joined Mandelbaum Salsburg as of counsel in its Banking and Financial Services Practice._x000D_ _x000D_

Penn National Gaming amended its credit facility to support its upcoming acquisition of the outstanding equity interest in Pinnacle Entertainment. Bank of America served as administrative agent for the transaction._x000D_ _x000D_ _x000D_

Houlihan Lokey added Ignacio Blasco as a managing director in their Madrid-based Capital Markets team._x000D_