NewBridge Announces Middle Market Hires
NewBridge Bancorp announced NewBridge Bank launched a middle market banking group and hired a six-person team to its Charlotte, NC and Greenville, SC locations.
NewBridge Bancorp announced NewBridge Bank launched a middle market banking group and hired a six-person team to its Charlotte, NC and Greenville, SC locations.
Reuters reported Verizon Communications is in the market to cut borrowing on debt backing Vodafone Group’s $130 billion takeover of Verizon Wireless. JPMorgan, Citigroup, BofA Merrill, Barclays, Morgan Stanley and Wells are said to be leading the refinancing.
AK Steel said it signed an agreement to acquire Severstal North America’s integrated steelmaking assets in Dearborn, MI. The acquisition is supported by a fully committed bridge f facility from Credit Suisse.
Mackinac Commercial Credit announced it closed three transactions totaling $3.6 million in June.
Westlake Chemical Corporation announced the completion of a third amendment and restatement of its $400 million revolving credit agreement. According to the company 8-K filing, Bank of America served as agent.
Victory Park Capital announced that it provided a $9.5 million credit facility to Construction Data Company, a portfolio company of Alta Communications.
DryShips announced the receipt of a firm commitment letter from Nordea Bank for an up to $170 million senior secured credit facility.
Applied Optoelectronics announced it entered into a credit agreement with East West Bank to expand its borrowing capacity to $15 million to fund general working capital and manufacturing expansion needs.
Crossroads announced it provided an $800,000 inventory credit line to a sporting goods manufacturer/distributor; Aegis Business Credit is providing a $1.5 million factoring facility to the client.
GE announced that its GE Capital Q2/14 segment profit of $1.70 billion was down 5% from $1.79 billion a year earlier. Commercial Lending and Leasing segment earnings of $541 million, was down 34% from $825 million in Q2/13.