Paul Hastings said it has added Jimmy Vallee to its Mergers and Acquisitions practice as a partner based in the firm’s Houston office.
BlackPearl Resources announced that due to recent volatility in the debt capital markets, it has decided not to proceed with its proposed $350 million second-lien senior secured term loan facility at this time.
CNBC reported that Goldman Sachs has secured $1.75 billion in financing for department store chain JC Penney.
On Deck announced that Zhengyuan Lu has been named VP of Capital Markets to optimize and strengthen the company’s capital structure. Previously, he was managing director of Gleacher & Company’s Asset Finance Group.
When it comes to capital markets issuance, ABF Journal turned to Wells Fargo Capital Finance’s Dorothy M. Killeen to explain where asset-based loans fit in the grand scheme of things. In the following Q&A, Killeen explains the differentiating characteristics of various ABL combinations.