ABF Journal 2019 Restructuring Summit – Walk ins

Fifth Third Bancorp Completes Merger with MB Financial

Fifth Third Bancorp completed its acquisition of MB Financial. Primary systems and client conversion is expected to occur in early May 2019.

LIBOR’s End Looms but Lenders Still Search for Replacement

As the 2021 end of the LIBOR approaches, banks, accountants and regulatory bodies are still struggling to find a replacement standard that is immune to the same manipulation that brought about LIBOR’s demise, reports Bloomberg Tax.

Gotham Green Provides $250MM Facility to Cannabis Platform MedMen

MedMen Enterprises signed a binding term sheet for a senior secured convertible credit facility of up to $250 million from funds managed by Gotham Green Partners, an investor in the global cannabis industry.

BofA, JPMorgan, Others Provide $50MM Upsize to Newpark Revolver

Newpark Resources amended and extended its outstanding credit agreement, increasing its asset-based revolving loan from $150 million to $200 million and reducing applicable borrowing rates.

Huntington Closes $75MM Facility for Rocky Brands

Huntington Business Credit closed a new $75 million credit facility with Rocky Brands on February 13, 2019.

Fintech Lender Credijusto Secures $100MM Facility from Goldman Sachs

Mexican fintech lender Credijusto closed a credit facility with Goldman Sachs for up to $100 million. The funding will be used to further expand the company’s lending across Mexico.

Goldman Sachs, J.P. Morgan to Bookrun on Pinterest Public Offering

Online image aggregator and social media platform Pinterest filed a proposal with the SEC for an initial public offering of its Class A shares. Goldman Sachs, J.P. Morgan Securities and Allen & Company will serve as lead joint book-running managers for the offering.

Sallyport Customizes $1.5 A/R Facility for Natural Sweetener Company

Specialty finance company Sallyport Commercial Finance funded a $1.5 million accounts receivable facility, including a $500,000 cash flow loan, for a company that provides its customers with a catalog of natural sweetener alternatives.

Utica Provides Capital Lease to Oil and Gas Company

Utica Leaseco completed one transaction during the weeks of March 18, 2019.