The U.S. Census Bureau reported July new orders and shipments for manufactured durable goods were up 4.1% and 2.5%, respectively, compared to June. YTD shipments of construction, machine tools, heavy-duty trucks and civilian aircraft post gains of 20% or better.
The latest measures of the small business economy signal business should prepare now for forthcoming economic weakness, according to July’s Thomson Reuters/PayNet Small Business Lending Index.
Crestmark announced that during the last two weeks in August, the company helped five new clients with agreements totaling over $4.36 million.
Graystone Capital said it issued a $500,000 credit facility to an advanced analytics professional services firm based in Silicon Valley.
The Department of Justice announced that a federal jury in NYC convicted three former UBS AG executives for their participation in frauds related to bidding for contracts for the investment of muni bond proceeds and other municipal finance contracts.
Harry Winston has completed the refinancing of its senior secured revolving credit facility by entering into a new secured five-year credit agreement for $260 million with a consortium of banks led by Standard Chartered Bank.
Snap MyLife, a growing developer of cloud-service mobile applications for consumers, announced it has received a $3 million term loan from Silicon Valley Bank. Snap MyLife will use the cash infusion to drive ongoing growth and customer acquisition initiatives.
Imvescor Restaurant group announced the completion of a refinancing of its senior credit facility with GE Capital Canada. The new facility consists of a $37.1 million term loan.
Huron Consulting Group announced that James K. Rojas has been appointed to managing director and leader of Strategic Growth and the Advisory business for Huron Legal. This new position is focused on pursuing strategic growth opportunities for the company’s Legal Consulting segment.
Medley Capital announced the issuance of $55 million in senior term debt and an amendment to its existing revolving credit facility. ING Capital led the financing. In addition to the continuing participation of its existing lenders, the lending group was expanded to include EverBank Commercial Finance.