MVC Provides $10MM Second Lien Loan to G3K Displays
MVC Capital announced the completion of a second lien term loan of $10 million to G3K Displays, which carries a cash interest rate of 13% and includes warrants.
MVC Capital announced the completion of a second lien term loan of $10 million to G3K Displays, which carries a cash interest rate of 13% and includes warrants.
Zebra Technologies announced the acquisition of Motorola for $3.45 billion, backed with a $3.25 billion financing commitment from Morgan Stanley.
Bank of America reported a Q1/14 net loss of $276 million compared to net income of $1.5 billion in the same year-ago period. The bank said results included $6.0 billion in litigation expense related to the settlement with FHFA.
GE Capital named Alec Burger as president and CEO of GE Capital Real Estate. He succeeds Mark Begor, who was named president and CEO of GE Energy Management.
CIT Group announced CIT Maritime Finance provided a $95.2 million facility to Heron Ventures. CIT financing was provided by CIT Bank.
Total bankruptcy filings in the U.S. decreased 12% in Q1/14 from the same period in 2013, according to Epiq Systems data. Total commercial filings fell 22% in that time.
Carriage Services announced it entered into a fifth amendment to its credit agreement increasing the total from $235 million to $325 million. The facility continues to be administered by Bank of America.
TD Bank named Jacqueline M. Fahey as VP, senior commercial lender in Bensalem, PA.
Oxford Finance announced a $15 million round of financing was provided to RF Surgical Systems.
Vantage Data Centers announced it amended and upsized its revolver from $210 million to $275 million. A syndicate of 10 lenders was involved.