News

Wells Fargo reported its financial results for the third quarter of 2019. Net income for the quarter was $4.6 billion, compared with $6.0 billion in third quarter 2018.

JPMorgan Chase Bank acted as administrative agent on a $60 million upsize to Lawson Products’ credit facility, bringing the total borrowing capacity to $100 million.

Monroe Capital acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support TEAM Services Group’s partnership with AmeriBest Home Care.

Mercantile Bank reported net income of $12.6 million for the third quarter of 2019, compared with net income of $10.1 million for the respective prior-year period.

North Mill Capital provided a $3.5 million accounts receivable credit facility to Innominds Software.

Internex Capital provided $500,000 to a Texas-based company that specializes in environmental lab testing.

According to the Wall Street Journal, lenders for bankrupt retailer Barneys New York have extended the deadline for the company to find a stalking horse bidder until Tuesday, October 15.

Goodman Factors has rebranded as Goodman Capital Finance, a name that better reflects its new and broader product offering.

Deutsche Bank Securities served as left lead arranger on the debt financing to support HGGC’s acquisition of Monotype Imaging Holdings.

The Federal Reserve Board is seeking to permanently bar Mai Ly-Vu, a former branch manager and vice president of Pacific Premier Bank, from employment in banking industry._x000D_ _x000D_