Encina Equipment Finance provided a $15 million lease line to a specialty chemicals company to finance new box and tank trucks.
Encina Equipment Finance provided a $22 million equipment lease line to a specialty plastics film provider for the installation of new manufacturing lines.
Encina Equipment Finance provided a $40 million equipment lease line to a consumer packaging company for the installation of new manufacturing lines.
Franklin BSP Lending and Franklin BSP Capital, business development companies advised by affiliates of Benefit Street Partners, acquired substantially all of the equity interests of Encina Equipment Finance.
F.N.B. Corporation and Howard Bancorp signed a definitive merger agreement for FNB to acquire Howard, including its wholly-owned banking subsidiary, Howard Bank, in an all-stock transaction valued at approximately $418 million.
Encina Equipment Finance upsized its senior credit facility to $330 million in total commitments. The additional capacity was provided by six existing lenders which increased their respective commitment amounts.
Reed Smith brought on board Elizabeth Tabas Carson as partner in its Financial Industry Group and as a member of its global cross-border direct lending and acquisition finance teams.
Paul Hastings is representing Kaydon in an acquisition by SKF that values Kaydon at approximately $1.25 billion, including debt.J.P. Morgan is financial advisor to SKF, and Reed Smith is providing legal counsel.
By Carolyn Rosenberg, Senior Partner, Insurance Recovery Group, Reed Smith and Carl Krasik, Chief Legal Officer, Reed Smith Enterprise Risk Management (ERM) sounds great in theory, but what does it really mean in practice? As organizations embark on this process, consider these questions: 1.) What do we mean by Enterprise Risk Management? To some, Enterprise […]