News

Reuters reported that Bank of America Merrill Lynch, Barclays, Morgan Stanley, Deutsche Bank and UBS are leading the debt financing to support EG Groups acquisition of the Kroger Grocery chain’s convenience store unit.

TAB Bank provided a $1 million revolving credit facility to a California-based manufacturing company.

Remington Outdoor reached a restructuring support agreement with creditors holding a majority of the FGI Operating Company term loans due in 2019. Bank of America, as administrative agent, reached a forbearance agreement with the company for the term B loans.

CFO reported that banks are increasing their use of blockchain technology, in part, because it enables them to more efficiently manage foreign exchange transactions._x000D_ _x000D_

The SEC instituted an enforcement action against Deutsche Bank Securities for making false and misleading statements while negotiating sales of CMBS. The bank has agreed to pay more than $3.7 million to customers, which includes $1.48 million that was ordered...

Business Capital structured and secured growth capital for adventure-hospitality brand Under Canvas. _x000D_ _x000D_

mBank’s asset-based lending division, Mackinac Commercial Credit, formally changed its name to mBank Business Credit, effective February 01, 2018.

Avidbank Specialty Finance, Avidbank’s technology and asset-based lending division, provided $7.5 million in credit facilities to tech company Zumasys.

Deloitte appointed Paul Wellener vice chairman of Deloitte LLP and leader of the industrial products and services practice in the U.S., effective immediately.

Amerisource Business Capital closed a $3 million credit facility for a transportation and logistics firm based in upstate New York.