News

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.

BridgeCore Capital expanded its commercial loan program to include a mezzanine loan product to achieve maximum coverage in the capital stack for borrowers seeking short-term bridge financing on commercial properties.

Monitor, the leading source of news and information for the equipment finance industry, will host its inaugural regional conference, “Staying Ahead of Industry Disruption: Equipment Finance Technology & Trends,” on November 6, 2019 at The Museum of the American Revolution...

Todd W. Eckland has joined Bracewell’s New York office as a partner in the corporate and securities group.

Urban Grid closed a senior secured term loan facility for up to $100 million with Crayhill Capital Management, a New York-based private credit manager and asset-based lender.