News

The Federal Reserve lifted its supervisory agreement with Flagstar Bancorp as of August 14, 2018.

Citigroup agreed to pay $10.5 million in penalties to settle two enforcement actions involving its books and records, internal accounting controls and trader supervision.

The U.S. Bankruptcy Court for the Southern District of New York approved the exit plan of Stamford, CT-based print products company Cenevo. The company received exit financing commitments in the form of a $175 million ABL facility and a $236...

AloStar Capital Finance closed an $11.8 million committed credit facility for American-Marsh Pumps, a supplier and manufacturer specializing in pumping applications.

Siena Lending Group completed a three-year asset-based revolving and term loan credit facility for Texas Die Casting, a high-pressure aluminum die casting company.

Williams Scotsman completed its acquisition of Modular Space Holdings for a total purchase price of approximately $1.2 billion. Bank of America served as administrative agent for an increase in the company’s credit facility to support the transaction.

mBank Business Credit provided a $2.5 million increase to $10 million in a $90 million line of credit to an Illinois-based finance company.

The Wall Street Journal reported Sears CEO Edward Lampert has offered to buy the company’s iconic Kenmore appliance brand for $400 million.

Wells Fargo Capital Finance completed a $20 million credit facility for EVOTEK. The facility will be used to support the company’s growth.

Hitachi Capital America’s trade finance team will be expanding its capabilities to Mexico, as well as continuing its growth in its trade finance portfolio.