News

SB360 Capital Partners, a North American asset disposition specialist, has commenced store closing sales in an additional 23 Justice stores located in 13 states.

Vinson & Elkins announced that Paul E. Heath, an accomplished partner in the firm's Restructuring and Reorganization practice group, has relocated from Dallas to Houston. 

United Bank was recognized as one of the best companies to work for in Alabama for the second year in a row by Business Alabama and Best Companies Group.

Directed Capital closed on a $40 million credit facility from Pacific Western Bank and received a combined $60 million in two other separate credit facilities from Goldman Sachs Bank ($40 million) and Valley Bank ($20 million).

CEO of Wells Fargo, Charlie Scharf, sent a company-wide message to all employees regarding previous comments made referencing diverse talent in June’s “Our commitment to change” memo.

ACAP SME, an SBA-approved non-bank lender and national loan aggregator (purchaser) of Paycheck Protection Program (PPP) loans, in partnership with The Loan Source, ACAP’s servicing team, signed a deal to utilize Biz2Credit’s Biz2X PPP Forgiveness Platform.

Matrix Capital Markets Group, an independent investment bank, advised EnergyUnited Electric Membership on the sale of its wholly-owned propane distribution subsidiary, EnergyUnited Propane, to ThompsonGas.

The AICPA, CPA.com, and Biz2Credit are teaming up on a new platform, CPALoanPortal.com, to streamline the process for CPA firms advising small businesses on loan forgiveness under the Paycheck Protection Program (PPP) and additional small business financing options.

Quanta Services amended its credit agreement to increase the aggregate revolving commitments of the lenders from $2.135 billion to $2.510 billion. BofA Securities, PNC Capital Markets, Truist Securities and Wells Fargo Bank acted as arrangers for the amendment.

Citi released a report that estimates the economic losses attributed to racial inequality in the U.S., which posits the lost GDP of systemic and societal racism and discrimination faced by Blacks over the last 20 years to be $16 trillion...