News

Wintrust Receivables Finance closed a $10 million credit facility for a logistics firm based in Chicago.

PG&E and Pacific Gas and Electric Company today filed a joint Chapter 11 plan of reorganization in the U.S. Bankruptcy Court for the Northern District of California.

Abacus Finance Group served as administrative agent and sole lender for senior secured credit facilities to support the acquisition of Kason by Advanced Material Processing, a newly-formed May River Capital portfolio company.

Attorney Mark E. Rooney has joined Hudson Cook as a partner in the Washington, D.C. office.

PennantPark Investment Corporation amended its multi-currency, senior secured revolving credit facility with certain lenders and SunTrust Bank acting as administrative agent.

VMAC Holdings closed a $5 million line of credit facility with Mercedes-Benz Financial Services USA, a captive financial services provider within the Daimler Mobility AG group of companies.

Calumet Specialty Products has successfully amended its existing asset-based loan facility to increase the borrowing base on the facility by approximately $100 million.

Bloombergk reported Goldman Sachs Group is providing a secured credit facility of as much as $100 million to Mexico’s Konfio.

First Commonwealth Bank completed the purchase of 14 central Pennsylvania retail banking locations from Santander Bank. This transaction expands First Commonwealth’s presence into the markets of State College, Lock Haven, Williamsport and Lewisburg.

GoldenTree Loan Management closed a €402 million ($443 million) collateralized loan obligation to be managed by GLM.