News

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.

TMA Global has elected Jeffrey C. Hampton, Esq., partner at the law firm Saul Ewing Arnstein & Lehr as 2019 TMA Global President. Hampton’s term begins January 1. Kevin A. Krakora will transition to chair, and Milly Chow to immediate-past...

Nine West Holdings and certain of its affiliates filed an amended Chapter 11 plan of reorganization with the U.S. Bankruptcy Court for the Southern District of New York. The plan is accompanied by an amended and restated restructuring support agreement.