Fed Will Raise Rates Faster Than Investors Expect
Bloomberg reported, citing a survey of economists, that the Fed will probably raise its benchmark interest rate faster than money-market investors expect.
Bloomberg reported, citing a survey of economists, that the Fed will probably raise its benchmark interest rate faster than money-market investors expect.
FIS, a provider of banking and payments technology, outsourcing and consulting solutions, announced that Ellen Alemany has joined the company’s board of directors.
Biosev announced the closing of a three-year revolving ACC credit facility in the amount of $440 million. ING Bank served as mandated lead arranger and coordinating bookrunner on the transaction.
According to a Bloomberg report, J.C. Penney, bolstered by rising sales for the first time in three years, is cutting the rate on a $500 million loan it’s seeking to repay debt.
Tribune Company and Tribune Publishing announced that Tribune Publishing plans to raise $350 million of debt by entering into a term loan facility, as well as a $140 million ABL revolver.
First Capital announced the hiring of Beth Page in the Western Region. Page will be responsible for new business development throughout Western state markets for First Capital’s Western Region.
Acquisition International Magazine (AI) awarded Strategic Management Partners its awards for “Rising Stars in Turnaround-USA” and “Turnaround Management Specialist of the Year.”
Panera Bread Company announced that it secured a five-year, $100 million term loan from Bank of America, Wells Fargo and TD Bank.
Reuters reported the U.S. economic recovery should accelerate in the coming months as an energy boom, steadily falling unemployment and a rebound in investment push growth to its fastest pace in a decade.
Moody’s has assigned a Ba3 rating to New Albertson’s proposed senior secured term loan of $850 million pending NAI’s proposed acquisition of Safeway’s Eastern division.