News

Catalent Pharma Solutions amended its existing credit agreement with JPMorgan Chase Bank as both administrative and collateral agent, to provide for, among other things, $950 million in incremental term loans and a $350 million increase to its revolver.

First Midwest Bank expanded its footprint in Milwaukee by opening a commercial banking office to better serve clients across Wisconsin.

Utica Leaseco completed two transactions totaling $1.5 million during the week of May 13-17, 2019.

Hollander Sleep Products filed voluntary petitions to restructure under Chapter 11. Wells Fargo is leading a $90 million DIP ABL facility to support the company through its restructuring process.

Encina Business Credit provided a $24 million senior secured credit facility to an oilfield services company. The facility consisted of a revolving line of credit and a term loan.

The International Factoring Association accepted three new vendors into their preferred vendor program: Artis Trade Systems, Rainstar Capital Group and VeriCore.

TradeCap Closes $800K Facility for Oilfield Chemical Importer

J D Factors provided $750,000 in factoring facilities for five companies the week of May 13, 2019.

Alvarez & Marsal Restructuring & Turnaround Managing Director Julie Hertzberg, head of the Case Management Services division, was appointed president of industry organization INSOL International.

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.