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SunTrust Banks, Inc. and BB&T Corporation announced both companies' boards of directors have unanimously approved a definitive agreement to combine in an all-stock merger of equals valued at approximately $66 billion. The combined company will be the sixth-largest U.S. bank based on assets and deposits. The pro forma company will have approximately $442 billion in assets, $301 billion in loans and $324 billion in deposits serving more than 10 million households in the United States, with leading Read Story

Filed Under: Banking News
February 07, 2019 @ 09:00 AM

OnDeck announced the closing of an $85 million corporate revolving credit facility with a lender group consisting of four banks. The new committed facility can be used for general corporate purposes and replaces OnDeck's prior $30 million corporate facility. "The closing of this facility is yet another step forward in our efforts to improve our funding flexibility and costs," said Ken Brause, Chief Financial Officer, OnDeck. "Securing long-term lending commitments from a high quality and diverse Read Story

Filed Under: Lender Finance
February 07, 2019 @ 07:20 AM

On the heels of a Super Bowl win by the New England Patriots, law firm Morrison & Foerster made its own mark on the City of Boston, with the opening of a new office to further extend its market-leading technology and life sciences capabilities. The move also expands the firm’s premier Finance and Emerging Companies and Venture Capital (ECVC) practices. Additionally, the new office will strengthen existing transactional, private equity, real estate, and intellectual property (IP) Read Story

Filed Under: New Office
February 05, 2019 @ 08:00 AM

Capital One announced that it provided a $104.4 million adjustable-rate loan to a joint venture between Catalyst Healthcare Real Estate and Bain Capital Real Estate for the acquisition of 21 medical office buildings totaling 531,000 square feet and located across eight states. This is the second transaction that Capital One closed with Catalyst last year.  The loan consists of $94.4 million in initial funding and holdbacks for tenant improvements/leasing commissions and capital Read Story

Filed Under: Real Estate
February 08, 2019 @ 07:15 AM

Nav, the leading business financial management app that helps small business find the best financing by giving them free access to business and personal credit reports from major commercial and consumer credit bureaus, announced it has raised $44.8 million in Series C equity capital. Goldman Sachs Principal Strategic Investments led Nav's Series C round with participation from Point72 Ventures, Experian Ventures, Aries, and CreditEase Fintech Investment Fund. Nav will use the funding to expand Read Story

Filed Under: FinTech
February 13, 2019 @ 08:06 AM

2019-02-19 23:55