Related Fund Management Closes on Two Debt Investments
Related Companies announced it closed on two debt investments in New York City and Vail, CO as part of Related Fund Management’s credit platform.
Related Companies announced it closed on two debt investments in New York City and Vail, CO as part of Related Fund Management’s credit platform.
NewStar Business Credit announced that after a 40-year career in the commercial finance industry, Steve Brown is retiring. Brown has most recently served as a senior vice president of Originations.
American Midstream Partners announced an amended facility to increase the borrowing capacity to $500 million. Bank of America led a syndicate of 14 banks, as administrative agent, collateral agent, issuer and lender.
Fifth Street Management announced that Todd G. Owens will join the company as co-president. Owens joined after 24 years with Goldman Sachs, most recently as a managing director and partner.
Jim S. Johnson was elected SVP and new BDO for Marquette Business Credit in the Dallas Office.
According to a KPMG survey, some 300 middle market executives indicate credit markets are improving, and an increase in capital raising activity is expected during the remainder of 2014 for corporate M&A.
Bay View Funding announced the addition of Eric Ondrick as VP, regional sales manager, based in Boise, and will represent Bay View Funding in Idaho and surrounding markets.
CAMAC Energy announced its wholly owned subsidiary entered into a credit facility with Zenith Bank for term loan providing initial borrowing capacity of up to $100 million.
CIT Group announced that CIT Real Estate Finance served as lead arranger and administrative agent in a $140 million senior secured loan to Kushner Companies and the KABR Group.
Square 1 Bank announced it provided a facility to Major League Gaming. Proceeds will be used to supplement working capital as the company continues to expand its client base.