News

MetLife Investment Management, the institutional asset management business of MetLife, reached a definitive agreement to acquire PineBridge Investments, a global asset manager with approximately $100 billion in assets under management, from the Pacific Century Group.

Northwest Bancshares and Penns Woods Bancorp entered into a definitive agreement and plan of merger whereby Northwest will acquire Penns Woods in an all-stock transaction valued at approximately $270.4 million.

Varex Imaging closed its private offering of $125 million aggregate principal amount of 7.875% senior secured notes due 2027 at an offering price of 101.5% of the principal amount thereof, plus accrued interest from and including Oct. 15, 2024.

Springs Window Fashions entered into a new first-out term loan facility and revolving credit facility, a new second-out term loan facility and a new second lien notes instrument. Latham & Watkins represented the administrative agent and the revolving credit facility...

Shareholders of First Busey, the holding company of Busey Bank, and CrossFirst Bankshares, the holding company of CrossFirst Bank, have each voted to adopt and approve all proposals relating to the previously announced merger in which First Busey will acquire...

Matrix Capital Markets Group provided merger and acquisition advisory services to Atlantic States Lubricants in connection with the sale of certain of its assets to Moove.

Gordon Brothers, the global asset experts, in a joint venture with Hilco Consumer – Retail and Tiger Capital Group, began store closing sales at all 869 Big Lots locations.

iLearningEngines, a company in AI-powered learning and work automation, voluntarily initiated Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware. The company will seek court approval to continue operating on a business-as-usual basis.

Data from the Secured Finance Network revealed generally mixed results in the asset-based lending market for Q3/24, with the portfolio performance index improving for both non-banks and banks against already historically strong levels.

The U.S. Small Business Administration has granted Small Business Lending Company licenses to four lending institutions: Cooperative Business Services, A10 Capital, Lafayette Square and Stonehenge Capital.