News

CARDONE Industries has completed a recapitalization of its current credit facilities with Citizens Bank and Brookfield Asset Management. _x000D_ _x000D_ _x000D_ _x000D_

Flat Rock Capital has entered into a $20 million financing facility with AloStar Capital Finance, a division of State Bank and Trust.

The board of directors of BB&T elected Patrick C. Graney III and Easter A. Maynard as directors, with service commencing immediately._x000D_ _x000D_ _x000D_

The bank of Nova Scotia provided a $150 credit facility to Pluspetrol Camisee, an oil and gas exploration company based in Buenos Ares.

PNC Bank plans to begin offering fully digital business lines of credit, up to $100,000, in 2019 in an expansion of its online lending to customers and prospects in the U.S. PNC is partnering with fintech lender OnDeck to develop...

The Wall Street Journal reported that Fair Isaac, creator of the popular FICO score, is unrolling a new scoring system, the UltraFICO, in 2019. The new score is designed to boost approvals for credit cards and consumer loans.

Lundin Mining amended its revolving credit facility, increasing the facility to $550 million with a $50 million accordion option. The Bank of Nova Scotia served as administrative agent for the transaction.

Reuters reported that Sears chairman Eddie Lampert is holding discussions with Cyrus Capital Partners to share the $30 million financing to support the company’s Chapter 11 effort.

mBank Business Credit supplied a $7.5 million line of credit for an Ohio-based auto supplier.

TAB Bank provided a $2.5 million asset-based revolving credit facility for a footwear manufacturer located in Georgia.