News

Asset disposition specialist SB360 Capital Partners has been retained by Fred’s Inc. as the exclusive consultant to conduct store closing sales in 104 additional stores.

In direct response to consumer insights collected from more than two years of research, Huntington Bank rolled out of a new business banking product suite across its footprint as part of its commitment to help businesses thrive.

Reuters reported that the Office of the Comptroller of the Currency told Congress that it will will review the next pick for Wells Fargo’s chief executive.

EdgeMarc Energy Holdings and its subsidiaries commenced voluntary Chapter 11 proceedings. KeyBank will provide $108 million in DIP financing to support the company’s Section 363 sales process.

Axiom Bank donated $200,000 to the Emory Brain Health Center. This gift will help fund further research aimed at developing new treatments for brain diseases such as epilepsy, Parkinson’s and depression.

Resolute Forest Products completed a five-year extension of its senior secured ABL revolver an aggregate lender commitment of up to $500 million at any time outstanding. Bank of America served as both administrative and collateral agent on the facility.

Concord Financial provided a $7.5 million senior secured revolving line of credit to a supplier of specialty resin located in the Southeastern United States.

Cambridge Bancorp appointed three new members to the Cambridge Trust board of directors: Thalia Meehan, Daniel Morrison and Jody Rose.

Four new members have joined the Advisory Board of the International Factoring Association, the largest association of commercial finance companies in the world.

Bristow Group has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. Its lenders provided a commitment for $75 million in debtor-in-possession financing that would be available upon Court approval.