CIT Arranges T5@Portland Financing
CIT Group served as lead arranger in a $55.5 million facility to T5@Portland. Financing was provided by CIT Bank.
CIT Group served as lead arranger in a $55.5 million facility to T5@Portland. Financing was provided by CIT Bank.
Hygea Holdings signed a multimillion dollar line of credit with Fifth Third Bank. The line of credit, currently up to $5 million, will serve as working capital to fund Hygea’s continued expansion into new markets.
An analysis by HVM Capital warns investors that disruption in the taxicab business caused by car-for-hire firms may cause firms such as Medallion Financial and Signature Bank to be at risk.
Bridge Capital Holdings provided RichRelevance with a $13 million credit facility to support additional working capital needs.
Deloitte Corporate Finance acted as exclusive financial advisor to Diamondback Drugs in its sale to Tailwind Capital.
Aluminum wheel manufacturer Superior Industries closed a $100 million revolver with a group of lenders led by JPMorgan Chase as administrative agent.
Clean energy investor Hannon Armstrong said it added $450 million of borrowing capacity under its existing Bank of America credit facility.
THL Credit appointed James Kern to its board of directors.
Howard Marks reportedly believes the plunge in oil prices may usher in a new era for investing in distressed debt.
GE Capital was named as 2014 best global factoring house by Global Trade Review , the international publication for the trade commodity and export finance industry.