News

TAB Bank provided a $2.25 million asset-based revolving credit facility to a chemicals company located in Georgia.

Amerisource Business Capital provided a $1 million credit facility for a Texas-based oilfield tools and equipment company.

Shen Tan joined Lazard Asset Management as a managing director in Hong Kong. Tan will focus on distribution throughout Asia and help to develop the firms’ Asset Management business in the region.

Repsol and BBVA completed the first transaction involving a revolving credit facility using distributed ledger technology as part of a pioneering pilot project in corporate finance for the industrial sector._x000D_ _x000D_

Vintage Rodeo Parent agreed to acquire rent-to-own retailer Rent-A-Center. B. Riley Financial and Guggenheim will provide debt and equity commitments to support the merger.

The Wall Street Journal reported that GE has dropped off the Dow Industrial Average list for the first time in 100 years and will be replaced by Walgreens Boots.

Ring Energy increased the borrowing base on its $500 million senior secured credit facility from $60 million to $175 million in connection with its recent borrowing base redetermination.

New life insurer Ethos started operating in the U.S. with $11.5 million in financing led by Sequoia Capital and a credit facility from Silicon Valley Bank.

Kumu Puri and Tim Jellison joined Alvarez & Marsal as managing directors in the San Francisco office. Both will work in the firm’s Telecommunications, Media & Technology practice.

TrueNorth Capital Partners acted as the financial advisor to SUMIDA in its acquisition of 100% of the shares of Pontiac Coil.