News

Comcast launched its bid to snatch 21st Century Fox from Walt Disney with a letter sent to the Fox board of directors outlining an all-cash offer to acquire the businesses for a total cost of $4.02 billion.

Sterling Commercial Credit provided a credit facility to Napoleon Machine. Madison Street Capital acted as the exclusive financial advisor in the arrangement of the facility._x000D_ _x000D_ _x000D_

Bloomberg reported that the Federal Reserve increased the benchmark interest rate by a quarter percentage point; a move designed to slow inflation.

Norton Rose Fulbright expanded its corporate mergers and acquisitions and securities team with the addition of two partners: S. Ward Atterbury in New York and Mark S. Greenfield in Los Angeles.

Business Capital provided management buyout financing to support ECS Learning Systems’s acquisition of PREPWORKS.

Super G provided a second lien non-dilutive $2.1 million term loan to an artisanal Greek yogurt manufacturer.

MidCap Business Credit completed a $2 million increase to a revolving line of credit for Industrial Services of America, a metals recycler headquartered in Louisville, KY.

AloStar Capital Finance agented a $20 million committed credit facility for Kimco Facility Services, a national provider of cleaning services for the commercial, retail, industrial, municipal and hospitality industries.

Alvarez & Marsal appointed three new managing directors in its Healthcare Industry Group. Kristina Park and Doris Stein will be based in Washington, D.C., while Ken Barrette will be based in Boston._x000D_ _x000D_

Capstone Turbine amended its credit facility with Bridge Bank, increasing the line of credit from $12 million to $15 million and reducing the letter of credit interest rate from prime 1.5% to 1%.