PNC Capital Markets Forms Transportation & Utilities Team
PNC Capital Markets announced the creation of a Transportation and Utilities public finance capital markets team. Nic Malas was hired as managing director to lead the team.
PNC Capital Markets announced the creation of a Transportation and Utilities public finance capital markets team. Nic Malas was hired as managing director to lead the team.
The Wall Street Journal reported a judge ruled Crumbs Bake Shop may proceed with plans to sell itself at a bankruptcy auction, despite an objection from a newly formed creditor committee.
MCC announced it funded a $3 million ABL line of credit to an Arkansas-based metals recycler.
The IMF said the global growth projection for 2014 has been marked down from 3.7% to 3.4% reflecting both the legacy of Q1/14, particularly in the U.S., and a less optimistic outlook for several emerging markets.
Edge Resources announced it entered into a revolving demand loan facility of up to $17 million with ATB Corporate Financial Services.
The ABI will hold its workshop titled “Lending to Distressed Companies: Credit Analysis to Exit Strategy (or Keeping the Benefit of Your Bargain)” on September 15, 2014.
Mackinac Partners was recognized with a 2014 Champions Award from ACG and The M&A Advisor for its role as restructuring financial advisor and chief restructuring officer to AgFeed Industries.
Bloomberg reported JPMorgan Chase agreed to sell about $1.3 billion of loans and securities to Sankaty Advisors.
Hill International announced that it has received a commitment from Société Générale to provide $165 million in senior secured debt facilities, replacing the existing facility led by of Bank of America.
Bibby Financial Services funded a $2 million factoring facility for an Atlanta-based distributor, which sells inflatable illuminated balloons in a range of sizes to a variety of large retailers.