News

Wells Fargo agreed to pay $575 million to settle civil claims with all 50 state attorneys general and the District of Columbia over its previous problematic retail sales practices, auto insurance and mortgage interest rate lock matters.

Ares Management closed its inaugural, commingled U.S. senior direct lending fund with approximately $3 billion in total commitments, a significant oversubscription of its initial $2 billion target.

According to the Pittsburgh Post-Gazette, ESL Investments, the hedge fund run by former Sears CEO Eddie Lampert, submitted a $4.4 billion bid to keep Sears afloat, coming in just under the wire before Friday’s filing deadline.

SunTrust Bank acted as both administrative and collateral agent on a $130 million increase to Priority Tehcnology’s senior secured credit facility in support of the company’s acquisition of certain merchant portfolio assets.

According to a report from CNBC, Sears chairman Eddie Lampert and his hedge fund, ESL Investments, only have until the end of the day today to officially submit a bid to buyout and potentially save the 125-year-old Sears company.

Wells Fargo acted as both administrative and collateral agent on an amendment to JELD-WEN’s revolving credit agreement, increasing the size of the facility commitments by $100 million.

JPMorgan Chase Bank acted as administrative agent on an amendment to Anadarko Petroleum’s revolving credit agreement.

Wells Fargo and CIT Bank amended General Finance’s senior credit facility, increasing the maximum borrowing amount from $237 million to $260 million.

QuickLogic amended its loan and security agreement with Heritage Bank of Commerce, increasing its revolving line of credit from $9 million to $15 million.

Monroe Capital provided debt financing to support private equity firm J.F. Lehman & Company’s acquisition of Inland Pipe Rehabilitation.