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CIT Group Inc. announced that its Healthcare Finance unit has served as sole lead arranger on a $60 million senior secured credit facility to Partners Pharmacy.Headquartered in Springfield, N.J., Partners Pharmacy is one of the nation’s top providers... Read Story

Filed Under: Healthcare
August 16, 2019 @ 09:00 AM

Phoenix Management Services announced the appointment of Marc Sullivan, CFA as a Managing Director in the firm’s Atlanta, GA office.Sullivan joins Phoenix and complements an outstanding team of professionals. He brings to the firm more than 20+ years... Read Story

August 16, 2019 @ 08:59 AM

Challenging business conditions and the availability of cheap debt financing will drive M&A among global reinsurers for the next few years, according to a new report from S&P Global Ratings.The rating agency expects companies with narrow business... Read Story

August 16, 2019 @ 08:55 AM

Optimism among small business owners bounced back in July as expectations for business conditions, real sales and expansion made solid gains. The NFIB Small Business Optimism Index rose 1.4 points to 104.7, with seven of 10 components advancing, two... Read Story

Filed Under: Economy
August 16, 2019 @ 08:50 AM

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing to support the acquisition of Hanson Wade by U.K.-based private equity firm... Read Story

Filed Under: Industry News
August 16, 2019 @ 08:45 AM

Fifth Third Bancorp (FITB) announced today that Fifth Third Securities Inc. has hired Timothy Beach, Ari Citrin and Oliver Janssen as managing directors to lead its new Renewable Energy Investment Banking Group.“The creation of a dedicated group to... Read Story

Filed Under: New Venture
August 15, 2019 @ 09:05 AM

Financial institutions' leveraged loan and CLO exposures are manageable relative to sector capital but risks may rise sharply in a stress, Fitch Ratings says in a new report. Undrawn facilities may be called on leading up to or during a leveraged... Read Story

Filed Under: Industry News
August 15, 2019 @ 09:00 AM

Axos Financial, Inc., parent of Axos Bank, announced that it has opened regional commercial banking offices in New York and Los Angeles to strengthen ties with existing clients and enhance new client acquisition by providing access to senior banking... Read Story

Filed Under: New Office
August 15, 2019 @ 08:55 AM

Avenue Stores, LLC, a women's clothing retailer that keeps up with the latest fashion trends, has made the decision to close all their retail stores. The women's plus size clothing retailer is now offering compelling discounts at 222 closing stores... Read Story

Filed Under: Retail
August 15, 2019 @ 08:50 AM

Capital One announced today that Larry Schmill has joined its Government Contracting Banking Group as a Managing Director, Aerospace, Defense and Government Services, based in Los Angeles. He will report to Diane Zanetti, Government Contracting... Read Story

August 15, 2019 @ 08:45 AM