Egidio Carlino and Jordan Shrem joined Z Capital Group, a privately held global investment firm, as a director and a senior associate, respectively. Both will be members of Z Capital Credit Partners’ investment team.
Overseas Shipholding Group closed a five-year $325 million term loan with a Prudential Financial subsidiary and amended its $75 million secured asset-based revolver with Wells Fargo to reduce the maximum available credit line.
Prudential Capital Partners completed fundraising for its fifth mezzanine fund, Prudential Capital Partners V, surpassing its target of $1.4 billion.
Reuters reported that in a long-anticipated move aimed at cracking down on market risks, U.S. regulators have proposed designating AIG, Prudential Financial and GE Capital for heightened regulatory oversight.