News

TAB Bank provided a $1.25 million asset-based revolving credit facility to a manufacturing company based in Georgia.

D&D Leasing Group has partnered with humanitarian organization WE to support the latter’s infrastructure and education improvement program in Kalinjar, India.

The Commercial Finance Association awarded Michael D. Sharkey, president of MB Business Capital, its prestigious Life Time Achievement Award.

Steven M. Cramer joined Houlihan Lokey as a managing director in the bank’s Technology, Media, & Telecom Group overseeing the gaming sector. He will be based in Los Angeles.

Concord Financial Advisors came on board to support Sivyer Steel in its bankruptcy 363 sale to a new owner after the company defaulted on its bank loan.

MidCap Financial provided acquisition financing to AVAD, a value-added distributor of A/V, residential security and home automation products.

Robert J. Keach, co-chair of ABI's Commission to Study the Reform of Chapter 11, praised the introduction of bipartisan legislation to provide a viable option for small businesses looking to reorganize under the Bankruptcy Code.

FTI Consulting amended and restated its $550 million revolver. Bank of America Merrill Lynch, JPMorgan Chase Bank and HSBC Securities acted as joint lead arrangers on the transaction.

Duane Morris named partners James J. Holman and Meagen E. Leary as co-chairs of the Business Reorganization and Financial Restructuring Practice Group.

Abacus Finance served as administrative agent and sole lender on $17 million in debt financing to support of Altus Capital Partners’ leveraged buyout of ChoiceSpine.