News

Philip Falivene joined Webster Bank’s Commercial Lending team as senior vice president, senior relationship manager.

Gooch & Housego, a specialist manufacturer of optical components and systems, acquired the trade and assets of Gould Technology, trading as Gould Fiber Optics for a total consideration of up to $16.4 million.

Byline Bank’s Sponsor Finance Group provided a revolver and term credit facility to finance Boyne Capital’s investment in AC Business Media, a business-to-business media and business intelligence company. _x000D_ _x000D_

According to th American Bankruptcy Institute, 361 commercial Chapter 11 filings were recorded in August 2018, down 12% from the 412 commercial Chapter 11 filings in July.

Alvarez & Marsal added Managing Director Ben Hope to its Corporate Performance Improvement practice in Los Angeles. _x000D_ _x000D_ _x000D_

Fintech small business lender CAN Capital enhanced its capital capacity with a $287 million credit facility from Varadero Capital, a New York-based alternative asset manager.

Siena Lending Group completed a $3.75 million asset-based revolving credit and term loan facility for MDT Holdings, the owner of Michael Dusi Logistics.

Ruby's Diner, the operator and franchisor of multiple Ruby's Diner restaurants across the nation, entered into a plan support agreement with businessman Steven L. Craig to provide $2 million DIP financing to support the company’s restructuring.

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Midwest Composite Technologies by private equity sponsor, CORE Industrial Partners.

Concord Financial Advisors closed a $3.75 million credit facility, consisting of a $3.5 million senior secured revolving line of credit and $250,000 term loan, for Chicago-based II In One Contractors.