News

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.

PACE Funding Group closed a $55 million warehouse credit facility with SunTrust Bank. Rosemawr Management is also participating in the facility.

Hudson Technologies entered into an interim waiver and second amendment to its term loan credit and security agreement with U.S. Bank as both collateral and administrative agent and the various lenders thereunder.

Utica Leaseco completed two transactions totaling $1.25 million during the first half of August 2018.

Aralex Pharmaceuticals’ U.S. and Ireland-based subsidiaries, as well as the company’s Canadian debtors, filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.

The Wall Street Journal reported Wells Fargo Chief Operational Risk Officer Mark D’Arcy is leaving after an 18-month tenure following a Federal enforcement action against the bank.

M&A and corporate finance lawyer Mark Goglia joined Condon Tobin Sladek Thornton as a partner._x000D_ _x000D_

SSG Capital Advisors acted as the investment banker to A'GACI in the placement of exit financing and restructuring pursuant to a Chapter 11 plan of reorganization.