News

Wells Fargo completed the sale of its shareowner services business to Equiniti Group.

The Federal Reserve voted unanimously to keep interest rates unchanged at 1.25 to 1.5%. The FMOC noted that the labor market has continued to strengthen and economic activity has been rising at a solid rate.

Mid-Con Energy Partners has acquired the assets of Powder River Basin. Wells Fargo served as administrative agent for an expansion of the company’s borrowing base to $125 million to support the transaction.

Bon-Ton Stores filed a pre-packaged restructuring plan with the SEC two weeks after entering forbearance agreements with its ABL lenders, led by Bank of America.

Rosenthal & Rosenthal completed a deal to acquire the domestic factoring portfolio of financial services holding company BB&T._x000D_ _x000D_

Capital One Sponsor Finance led a senior secured credit facility to support the recapitalization of Groome Holdings by an affiliate of Cortec Group and the Groome family. _x000D_ _x000D_

BlueVine doubled the credit line size for its invoice factoring product to up to $5 million and increased the limit for its business line of credit product from $150,000 to $200,000.

Blue Hills Bank closed a new senior credit facility with Magnus Textile, a Chelmsford, MA-headquartered importer and distributor of specialized textile products.

Marquette Commercial Finance completed new financing with a digital health firm. KCP Advisory Group assisted in designing the funding solution for the company.

Monroe Capital established an Independent Sponsor Finance vertical to be led by Brad Bernstein, Chris Larson and Zia based out of the firm’s Chicago office._x000D_ _x000D_