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CIT Q1 2017 Earnings Rise
CIT Group announced financial results for the first quarter ended March 31, 2017.For the quarter ended March 31, 2017, the Company reported net income of $180 million compared to $146 million for the year-ago quarter.  Income from continuing operations for the first quarter was $78 million compared...
Gavin/Solomonese’s Ted Gavin Named President-Elect of American Bankruptcy Institute
The American Bankruptcy Institute announced a new slate of executives. Retired Bankruptcy Judge Eugene R. Wedoff (Chicago) becomes ABI President for a one-year term, succeeding Jeffrey N. Pomerantz of Pachulski Stang Ziehl & Jones LLP (Los Angeles), who now assumes the position of Immediate Past...
Comvest Capital Closes $30MM Senior Secured Facility for ClearOne Advantage
Comvest Capital has provided $30 million in financing to ClearOne Advantage. Based in Baltimore, ClearOne is a debt resolution services provider.Comvest Partners, through its lending strategy, Comvest Capital, has acted as administrative agent in a new $30.0 million senior secured credit facility...
LBC Credit Partners Provides Senior Secured Term Loan to Support Recap of KL Outdoor
LBC Credit Partners, a provider of financing solutions to middle market companies, provided a senior secured term loan to support the recapitalization of KL Outdoor (KL) by New Water Capital.LBC served as the Administrative Agent and Sole Lender for the senior secured term loan.KL Outdoor is a...
Foster “Intrapreneurs” Through Leadership
RJ Grimshaw
Inspiring employee creativity and innovation means giving workers the space to grow. RJ Grimshaw offers his thoughts on...
4/20/2017 Topic:
Charlie Perer, of Super G Capital, on why second lien capital providers have a...
If uncertainty is the siren song for the lending industry, that condition...
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