WFCF Canada Leads ENTREC $240MM ABL
ENTREC announced it closed a new $240 ABL with a syndicate of lenders led by Wells Fargo Capital Finance Canada.
ENTREC announced it closed a new $240 ABL with a syndicate of lenders led by Wells Fargo Capital Finance Canada.
Lehigh Gas Partners announced it entered into a new $450 million credit facility with a lender group led by Citizens Bank of Pennsylvania as administrative agent.
Cerberus Capital Management announced it would acquire Safeway, the second largest U.S. grocery store operator, in deal valued at $9.4 billion. Cerberus said it intends to fund the deal with debt financing of about $7.6 billion.
Manhattan District Attorney Cyrus R. Vance, Jr., announced the indictments of the former chairman, CFO, executive director and a client relations manager at bankrupt law firm Dewey & LeBoeuf, alleging the defendants defrauded and stole from the firm’s lenders, investors and others.
Prudential Capital announced it achieved more than $12 billion in annual originations in 2013, its highest production on record, driven by low interest rates and increasing demand among borrowers in Europe.
The Wall Street Journal reported Mach Gen won bankruptcy court approval to utilize a $200 million financing package from lenders who are standing by to fund the electricity generator’s exit from Chapter 11 protection.
Aircraft lessor International Lease said it closed a new $1.5 billion senior secured term loan. The deal was arranged by Deutsche Bank and Goldman Sachs as joint lead arrangers and joint bookrunners.
MidCap Business Credit announced it appointed Don Thiesen as VP / relationship manager.
Stage Stores announced it reached an agreement to sell its Steele’s off-price retail stores to a new retail unit of Hilco Global.
ABF Journal announced its March 2014 Specialty Lending Issue has hit the streets.