News

Deloitte Corporate Finance acted as exclusive financial advisor to Ohio-based Pillar Technology Group in its sale to Accenture, a worldwide consulting and technology services firm.

Utica Leaseco completed three transactions totaling $3.1 million during the week of October 22, 2018.

Reuters reported two Sears Holdings’ board directors have hired investment bank Evercore to examine deals led by the company’s former CEO Eddie Lampert._x000D_ _x000D_

The Wall Street Journal reported that as the shale boom plateaus and demand for crude oil increases, supply worries are increasing._x000D_ _x000D_

Realty Income has closed on an amended $3.25 billion credit facility. Wells Fargo served as administrative agent for the transaction.

Assembled Brands, the company financing emerging consumer goods brands, closed $100 million permanent capital from funds managed by Oaktree Capital Management.

Torotel completed a $1 million ABL revolving credit facility and a $250,000 12-month term loan with Cornerstone Bank.

The Financial Times reported that Chinese car maker FAW Group signed a $144 billion credit line with 16 banks, including China Construction Bank, Industrial and Commercial Bank of China, Bank of China and Agricultural Bank of China.

Wells Fargo’s Chief Administrative Officer Hope Hardison and Chief Auditor David Julian have begun leaves of absence from Wells Fargo. The company has made several key leadership appointments in the wake of their leaving._x000D_ _x000D_

Encina Business Credit provided an $18 million senior secured credit facility to a plastic injection molding company.