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By:
Art Medici
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Telecom, Retail Sectors Burdened Under Mounting Levels of Distressed Debt
Eleven issuers across eight different sectors defaulted on their loan debt in first quarter, for a total volume of $4.8 billion, according to the latest data from Thomson Reuters LPC.Telecom, technology and media default rates plunged to a multi-year low of 1.2% in 1Q due to the roll-off of iHeart...
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Square 1 Bank Promotes Lynden to EVP, Technology Banking Practice
Square 1 Bank, a division of Pacific Western Bank, announced the promotion of Sean Lynden to executive vice president, technology banking. In this role, Lynden will lead the technology banking practice nationwide managing teams in Austin, TX; Boston, MA; Chicago, IL; Denver, CO; Durham, NC; Los...
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Merchants Bank to Acquire The First National Bank of Northfield
Merchants Bank and The First National Bank of Northfield have reached a definitive agreement for Merchants to acquire the Northfield banking institution, according to Gregory M. Evans, President & CEO of Merchants Financial Group, Inc. and Merchants Bank, N.A. The agreement is subject to regulatory...
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Monroe Capital Expands Credit Facility to TPC Training
Monroe Capital LLC announced an increase in its credit facility to TPC Training (TPC) to support the acquisitions of National Environmental Trainers, Inc. (NET) and Intelivert. TPC is an existing portfolio company of Frontenac.Based in Buffalo Grove, Illinois, TPC offers in-person and online...
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Nancy Lee, Co-Founder of ABLSoft, offers tips for implementing new software into...
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Guest blogger Art Medici, of Newport Board Group, explains why lenders should...
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