North Mill Equipment Finance increased the size of its senior loan facility with Deutsche Bank to $125 million to support 2020 originations. Additionally, North Mill closed a new $50 million senior loan facility with Truist Bank in December. The new loan facility increased North Mill’s total credit availability to $205 million.
Reech Corporations Group launched a new merchant banking and capital markets division and appointed Christopher Yoshida lead as CEO. The division will deliver financing needs to Reech Corporations Group as it invests in companies in finance, real estate and technology.
Ed Riley joined Citi Private Bank as head of Equities for the Americas. Riley was previously a managing director with Bank of America Merrill Lynch.
Houlihan Lokey has hired Heather Smith, who joins the firm’s Capital Markets group as a managing director and head of Structure Equity.
In an ABF Journal interview, three active participants share their outlook on the current state of ABL capital markets.
Contributing editor Howard Brod Brownstein talks to five leading ABL capital markets players about market conditions now that the official end of the downturn is four years behind us. All agree that market conditions are extremely competitive — comparable to before the financial downturn — and that this trend will continue for the foreseeable future.