News

OnDeck extended its existing credit facilities with Credit Suisse and Deutsche Bank on improved terms.

Custom foodservice manufacturer CTI Foods has been granted interim approval to access up to $142.5 million of its $155 million in DIP financing provided by Barclay’s Bank and Wells Fargo.

Advanced Energy Capital provided a $1.5 million factoring line to Pristine Property Management to enhance their working capital position.

BitX Funding secured financing for Floor Coverings International, a local entrepreneur in Greenwich, CT, within 48 hours.

Vista Credit Partners led a $175 million global recapitalization for Meltwater, a provider of media intelligence solutions. VCP served as administrative agent and sole lender on the transaction.

Wells Fargo CEO and President Tim Sloan testified before the House Financial Services Committee, asserting Wells Fargo has become a better bank through ongoing operational reforms. But numerous news services reported this testimony was met with skepticism by Congressional membership.

Advisory firm Hilco Streambank acquired the assets of social network Tsu, including the TSU.co domain name, the Tsu trademark, proprietary code, software and its database of registrants. The acquisition comes in the wake of Evacuation Complete’s 2016 bankruptcy.

Though 82% of millennials believe society will eventually become cashless, TD Bank's Consumer Spending Index revealed that they're lacking when it comes to building and maintaining healthy credit habits.

Stacie Hartman, an accomplished regulatory enforcement lawyer and first-chair litigator, joined Steptoe as co-chair of its Financial Services Group.

Correvio Pharma amended its existing agreement with CRG Servicing to provide for an increase in capital. Under the terms of the amendment, Correvio is now eligible to receive up to an additional $10 million.