Marquette Closes Refinancing for Support Services of America
Marquette Business Credit said it closed a senior debt refinancing for Support Services of America under an $8 million revolver and cash flow term loan facility.
Marquette Business Credit said it closed a senior debt refinancing for Support Services of America under an $8 million revolver and cash flow term loan facility.
The Institute for Supply Management said its Non-Manufacturing Index registered 55.2% in January, 0.5 percentage point lower than the seasonally adjusted 55.7% registered in December.
Bloomberg reported that McGraw-Hill and its S&P unit were sued by the U.S. over claims S&P knowingly understated the credit risks of bonds and derivatives that were central to the worst financial crisis since the Great Depression.
The Commercial Finance Association and International Factors Group announced a global alliance that will provide a unified voice to promote the benefits of factoring and asset-based lending to businesses, regulators and policymakers.
TCF Capital Funding said it provided $10.5 million in senior secured credit facilities to support the recapitalization of Breen Color Concentrates, a current portfolio company of Spell Capital Partners.
Factoring company Interstate Capital reported total factoring volume exceeded $300 million for its first fiscal six-month period, up 18% compared to the same period one-year ago.
Safeway appointed Peter J. Bocian as executive vice president and CFO. Previously, he served as EVP, head of Corporate Services and Finance at JPMorgan where he oversaw Global Real Estate, Procurement, Technology and Real Estate Finance and General Services for the firm.
Manhattan Bridge Capital said its revolving line of credit with Sterling National Bank was increased to up to $5 million, $1.5 million more than the previous limit.
John Hancock Financial Opportunities Fund said it entered into a $110 million credit facility with Bank of America, which will allow the Fund to engage in leverage by borrowing.
Access Capital said it closed 12 transactions in 2012 totaling $25.75 million.