News

The New York chapter of the Association for Corporate Growth, the largest association of middle-market deal making professionals in New York, hired a new Executive Director, Vikash Magdani.

ESCO Technologies finalized a commitment with its lenders to enter into a new, extended and increased credit facility, which includes an increase of $50 million to its revolving line of credit.

After a positive showing in August, credit managers across the U.S. are reporting a slight step back in the latest Credit Managers’ Index from the National Association of Credit Management.

Forever 21 has commenced a voluntary Chapter 11 filing in the U.S. Bankruptcy Court. JPMorgan Chase has agented $275 million in financing to support the company’s restructuring.

ATB Financial extended and amended a $13.5 million credit facility, which included non-revolving term loan and an equipment finance loan, for Zedcor Energy.

Varagon Capital Partners served administrative agent on a senior secured credit facility to support the recapitalization of New Era Technology by Sentinel Capital Partners.

InterNex Capital provided a $500,000 credit facility to a Pennsylvania-based equipment management company.

Utica Leaseco completed two transactions totaling over $800,000 during the week of September 23, 2019.

CIBC Innovation Banking has closed a $20 million debt financing for San Francisco-based Aktana.

Capitala Senior Loan Fund II closed a credit facility with KeyBank Specialty Finance Lending.