RBS Citizens Leads Firestone Financial Revolver
Firestone Financial announced it closed a $225 million, multi-year revolving credit facility. The lender group was led by RBS Citizens.
Firestone Financial announced it closed a $225 million, multi-year revolving credit facility. The lender group was led by RBS Citizens.
Mintz Levin announced the appointment of Ian A. Hammel as a member of the Bankruptcy, Restructuring & Commercial Law division at the firm’s Boston office.
BNC Bancorp completed its merger with Community First Financial Group, thereby expanding BNC’s presence in the Raleigh-Durham-Chapel Hill Area of North Carolina.
Prospect Capital said it increased total commitments to its $1.0 billion revolving credit facility by $20 million. The company said the commitment comes from one new lender, bringing the total number of lenders to 28.
According to the Wall Street Journal, Silicon Valley Bank has financed $50 million in venture debt for AppDynamics. The funds include mezzanine term financing and a revolver.
The Wall Street Journal reported that Energy Future Holdings is meeting strong headwinds as it attempts to put the financial framework in place for a $42 billion bankruptcy restructuring.
Salus Capital Partners announced that Andrew H. Moser, president and CEO, has been selected as a finalist for the EY Entrepreneur Of The Year 2014 Award in the New England Region.
Hilco Global announced that John P. Chen has been appointed chief operating officer, a new position within the holding company.
LBC Credit Partners closed LBC Credit Partners III fund, with $839 million of equity capital commitments. The new fund will continue LBC’s strategy of originating, executing, and managing its portfolio.
Advance Business Capital named Blaine Waugh senior vice president of business development. Waugh joins from Riviera Finance where he was national sales manager.