News

Rothschild has expanded its North American Office with the addition of Markus Pressdee as head of Infrastructure, Power & Renewables and Steven Berger as managing director in the Financial Institutions Group sector team._x000D_

The Commercial Finance Association has rebranded as Secured Finance Network (SFNet) in time for its 75th anniversary.

PES Energy has filed for bankruptcy protection and entered into a proposed DIP financing agreement with holders of the company’s outstanding term loan debt providing for up to $100 million in new funding.

CIT Group served as coordinating lead arranger for $204.5 million in debt financing to support construction of Holstein Solar.

Encina Equipment Finance has upsized its senior credit facility to $250 million in total commitments.

Tradewind has closed a $1.1 million factoring facility for a company based in the United Arab Emirates that supplies automotive aftercare products.

First Midwest Bank is expanding its specialty lending capabilities by hiring a team of bankers experienced in lending to ESOP-owned companies. _x000D_ _x000D_

CIT Asset Management will offer expanded cash flow-based revolving and term loan options to qualified borrowers though a managed financing vehicle funded by an A-rated insurance company._x000D_ _x000D_ _x000D_

Midcap Business Credit closed a $2 million ABL facility for Pavement Corporation, a portfolio company of Vicour and Spring Capital Partners.

Sun Life Assurance Company of Canada closed a new funding facility with Pawnee Leasing, a subsidiary of the Chesswood Group._x000D_