KeyBank Agents Rex Energy Facility to $375MM
Rex Energy announced an increase the company’s borrowing base under the company’s facility by 15%, from $325 million to $375 million. KeyBank acted as administrative agent.
Rex Energy announced an increase the company’s borrowing base under the company’s facility by 15%, from $325 million to $375 million. KeyBank acted as administrative agent.
The Wall Street Journal reported women’s retailer Coldwater Creek is preparing to file for bankruptcy court protection, people familiar with the matter said.
The monthly report from the NACM showed the effects of a continued harsh winter. An improvement in the amount of credit extended, tempered by a decline in the number of companies applying for credit, indicates a continued caution.
Tiger Group announced that Morris Hodkin retired from his position as director-M&E Appraisals of the Tiger/Daley-Hodkin machinery and equipment division.
Asset Based Lending Consultants announced the addition of David Macdonald. He previously managed a portfolio of $350 million within the commercial finance business as the associate director of GE Capital.
In a recent study by CIT, 81% of middle-market energy executives describe 2013 as profitable, and their expectations for 2014 are nearly identical, with 82% anticipating continued profitability.
Citibank announced the appointment of Thierry Jenar as market president for Silicon Valley.
The Thomson Reuters/PayNet SBLI shows small business investment activity growing at a slower pace, registering 110.5 in February. The Index increased 5% Y/Y, but decreased 5% compared to January.
Ares Capital announced that its investment adviser, Ares Capital Management, has added Grant Haggard and Brian Moncrief as managing directors to expand its middle market sponsor coverage strategy.
GE Capital, Corporate Finance announced it is serving as administrative agent on a $75 million facility for JAKKS Pacific.