News

WEX has repriced its senior secured credit loans under its existing credit facility, extending the deadline to July 1, 2023, increasing the revolver by $150 million and providing an additional $25 million tranche A term loan.

The Wall Street Journal reported that banks are increasing offers of consumer loans to individuals with poor credit histories to complete with fintech lenders._x000D_ _x000D_ _x000D_ _x000D_

Deloitte Corporate Finance acted as exclusive financial advisor to MDU Enterprises, ABP Digital, and Mad Comet, collectively doing business as Bulk TV & Internet, on a recapitalization with Marlin Equity Partners. _x000D_ _x000D_

The New York Supreme Court denied Capital One Equipment Finance’s motion to recover payment on 22 taxi-medallion loans totaling $33.7 million. The court ruled that the defendants needed more time to evaluate the discovery documents.

The Wall Street Journal reported that, despite a strong economy, regional banks have failed to see an upswing in lending._x000D_ _x000D_ _x000D_

Bibby Financial Services North America launched an affiliated with Precision Global Consulting to provide a complete recruitment finance and payroll funding solution for staffing companies. _x000D_ _x000D_

Stephan Heitz joined Lazard Asset Management as a managing director and head of Lazard Fund Managers._x000D_ _x000D_

SoftBank entered into a senior loan agreement in the amount of ¥1.6 trillion ($14.361 billion). The loan will mature in September 2024.

Bloomberg reported money managers are beginning to demand better rates and are avoiding riskier deals, as illustrated by a $1.475 billion loan for the buyout of chemicals company SI Group.

Gladstone Investment amended its credit facility led by KeyBank as administrative agent, swingline lender, managing agent and lead arranger. _x000D_ _x000D_ _x000D_ _x000D_