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La Caisse de dépôt et placement du Québec (CDPQ) has acquired a minority stake in Hilco Trading, LLC (d/b/a Hilco Global), an independent financial services company. Following the transaction, CDPQ will own 27% of Hilco Global.Through this new... Read Story

Filed Under: Industry News
March 22, 2019 @ 08:40 AM

Tree Line Capital Partners, LLC, (Tree Line) announced the expansion of its lower middle-market direct lending platform with the addition of approximately $800 million of new debt and equity commitments. The new capital commitments have provided Tree... Read Story

Filed Under: Industry News
March 22, 2019 @ 08:17 AM

The Federal Reserve's dovish stance on keeping the Fed Funds rate at its current level for the remainder of 2019 will pressure U.S. banks' revenue. However, the rate pause may also prolong the benign credit quality environment, according to Fitch... Read Story

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March 22, 2019 @ 08:11 AM

Newpark Resources, Inc. announced that it has entered into a first amendment to its existing credit agreement, which amends and extends its outstanding credit agreement, increases its asset-based revolving loan from $150 million to $200 million, and... Read Story

Filed Under: Oil & Gas
March 22, 2019 @ 08:01 AM

SEACOR Holdings Inc. entered into a Credit Agreement by and among the Company, as borrower, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and Security Trustee for the Lenders, and JPMorgan Chase Bank... Read Story

Filed Under: Transportation
March 22, 2019 @ 08:00 AM

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced Tom Keefe has joined the firm as Vice President of Portfolio. Keefe will be based in Westport, Connecticut, and will be responsible for... Read Story

March 21, 2019 @ 09:00 AM

Nine West Holdings, Inc. announced that, together with certain of its affiliates that it has successfully completed its financial and operational restructuring and emerged from Chapter 11 under the majority equity ownership of CVC Credit Partners and... Read Story

Filed Under: Retail
March 21, 2019 @ 09:00 AM

An overwhelming majority (90 percent) of asset-backed securities (ABS) professionals feel that adopting new technologies will be important to preparing their businesses for the next economic cycle, according to Capital One’s sixth annual survey at... Read Story

Filed Under: Industry News
March 21, 2019 @ 08:27 AM

Siena Lending Group LLC announced the completion of a $12.0 million revolving credit and term loan facility for Specialty Bakers LLC. The facility was used to finance Specialty’s acquisition of certain assets of the former Bake One, Inc. and to... Read Story

March 21, 2019 @ 08:14 AM

From the first quarter Phoenix Management “Lending Climate in America” Survey, results show volatility and uncertainty for the U.S. economy with deteriorating confidence in the near term.After a 37-percentage point GPA drop between Q3 2018 and Q4... Read Story

Filed Under: Economic Commentary
March 21, 2019 @ 08:13 AM