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Report: U.S. Companies Hoarded More Cash in 2016, Spent Less
The amount of cash held by US non-financial companies totaled $1.84 trillion at the end of 2016, up 9.2% from $1.68 trillion at the end of 2015, Moody's Investors Service says in a new report. The top-five cash hoarders all come from the technology sector, with Apple holding a record high of $246.1...
Sears Canada Begins Liquidation Sales At 54 Locations
Sears Canada Inc. announced that a joint venture group formed among Hilco Global (through its Canadian division, Merchant Retail Solutions, ULC), Gordon Brothers, Tiger Capital Group and Great American Group, began operating liquidation sales on Friday, July 21, 2017, at the stores previously...
Lending Syndicate Doubles Down on Revolver for Global Mining Concern
Tahoe Resources Inc. announced that the Company has entered into an Amended and Restated Credit Agreement  with a syndicate of lenders to increase its revolving credit facility from $150 million to $300 million with a $50 million accordion feature and to extend the term to July 19, 2021. The...
BMO Harris, JPMorgan Chase, WFCF Provide $292MM ABL Facility to Roadrunner Transportation Systems
Roadrunner Transportation Systems, Inc., an asset-right transportation and asset-light logistics service provider, announced that it has closed a new five-year $292 million asset-based lending facility provided by BMO Harris Bank, JPMorgan Chase and Wells Fargo Capital Finance. Raymond James served...
What About the Inventory?
Ben T. Nicholson
Ben Nicholson, of Fortis Business Advisors, writes on the short- and long-term effects that are missing in the current...
7/10/2017 Topic: Bankruptcy
Lenders are eyeing the energy sector with renewed optimism, writes Kraig...
Bibby Financial Services’ Barry Kastner explains how commercial finance...
What is the APN?
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