AloStar Provides $7.1MM to Southeastern Aluminum
AloStar Business Credit said it provided a $5 million revolver to Southeastern Aluminum Products in addition to a $2.1 million real estate term loan.
AloStar Business Credit said it provided a $5 million revolver to Southeastern Aluminum Products in addition to a $2.1 million real estate term loan.
Federal Bankruptcy Judge Robert Drain approved the appointment of Hilco as the agent representing Hostess. Hilco will sell all real estate, machinery and equipment, and rolling stock assets that remain in the company’s estate following auctions conducted by Perella Weinberg Partners.
The Q4/12 Phoenix “Lending Climate in America” Survey, results show that the retail trade and finance and insurance industries surpassed the construction industry for the first time in two years as most likely to experience volatility.
CIT said it arranged a $24 million senior secured credit facility for a solar photovoltaic energy installation at Joint Military Base McGuire-Dix-Lakehurst. The installation is a portfolio company of True Green Capital Management.
BMO Harris Bank’s ABL group said it was the administrative agent on a $50 million asset-based revolving credit facility to Prince Minerals.
NXT Capital provided a $21.5 million senior secured credit facility to fund Lineage Capital’s recapitalization of Halco Lighting Technologies. NXT was the sole lead arranger, sole bookrunner and administrative agent.
Stratus Properties entered into a loan agreement with Comerica Bank that renews, extends and modifies Stratus’ $45 million credit facility with Comerica.
Monroe Capital provided a $46.5 million unitranche credit facility to support the recapitalization of Conisus by private equity sponsor Webster Capital.
Thomas M. Kim began his term as president of the Turnaround Management Association, succeeding Ronald R. Sussman, who moved to chairperson. Kim and Sussman are joined by 21 other individuals on the 2013 TMA executive board.
Citi CEO Michael Corbat announced the appointments of Jamie Forese and Manuel Medina-Mora as co-presidents of Citi. Corbat also said that Brad Hu, currently head of risk for the Asia Pacific region, will become Citi’s chief risk officer.