News

The Structured Finance Industry Group, a member-based group focused on the structured finance and securitization markets, named Michael Bright president and CEO, effective January 21, 2019.

Reed Smith brought on board Elizabeth Tabas Carson as partner in its Financial Industry Group and as a member of its global cross-border direct lending and acquisition finance teams.

Global consulting firm AlixPartners promoted 22 individuals to the role of managing director. The promotions span all of AlixPartners’ service areas as well as its internal Corporate Services function.

Encina Business Credit provided a $17 million senior secured credit facility to a manufacturer of heavy-duty chassis for specialized vehicles.

With the U.S. Small Business Administration closed for the past two-and-a-half weeks because of the partial government shutdown, SBA loan approvals dropped in December 2018 at banks and other institutions, according to the Biz2Credit Small Business Lending Index.

Jared Lemmermen, vice president and eligibility and compliance specialist of Crestmark’s Government Guaranteed Lending Division, has earned a National Association of Government Guaranteed Lenders Fundamental Lender Diploma.

Legacy Texas Bank led a bank group on an amendment to Vaquero Midstream’s revolving credit facility, increasing the size of the facility to $225 million and extending the facility commitment to December 2021.

Healthcare executives anticipate another strong growth year in 2019, according to a new Capital One poll of nearly 300 senior healthcare executives.

LBC Credit Partners increased the Drake Automotive Group senior secured credit facilities to support Drake’s acquisition of Addictive Desert Designs.

Sunflower Bank’s Structured Finance Group provided senior debt financing to support the recapitalization and growth of American Alloy. The transaction closed in November 2018.