Noble Provides Four Subordinated Debt Loans in January
Noble Lending Group announced it provided four companies subordinated debt cash-flow based loans in January.
Noble Lending Group announced it provided four companies subordinated debt cash-flow based loans in January.
First Growth Capital announced it provided a $1.5 million working capital credit facility to a distributor of novelty candy and other specialty foods.
Crestmark secured a total of $7.5 million in financial solutions for four new clients in January.
J D Factors announced it provided $1.4 million in recent factoring facilities.
Bloomberg reported Cengage Learning reached a deal with lenders and other creditors to reorganize and eliminate more than $4 billion of its $5.8 billion in funded debt.
Reuters reported JPMorgan Chase agreed to pay $614 million to the U.S. government and admitted that it defrauded federal agencies by underwriting sub-standard mortgage loans.
Signature Bank announced that Frank Marsicano was named vice president/business development officer, joining Robert Love’s recently appointed asset-based lending team.
CIT said that CIT Real Estate Finance provided a $26 million senior secured credit facility to redevelop the PGA Plaza Shopping Center in Palm Beach Gardens, FL.
AloStar Business Credit provided a $20 million revolver to Diamonds Direct USA, an operator of five retail diamond stores in the United States.
The Snoqualmie Indian Tribe announced it finalized a refinancing with the closing of a new $310 million credit facility. The facility was led by BofA Merrill with CIT, Key Bank and Capital One serving as joint lead arrangers.