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Capital One announced it participated in a $430 million syndicated loan to finance Phase 1 of the Gateway of Pacific campus in San Francisco for BioMed Realty, a Blackstone portfolio company. The financing was provided by a syndicate of banks led by JPMorgan Chase Bank.Last year, Blackstone executed a 480,000-square-foot lease with AbbVie, representing 94 percent of Phase 1. Construction of Phase I broke ground in May 2017, and completion of core and shell work is expected in the second half of Read Story

Filed Under: Healthcare
June 05, 2019 @ 08:29 AM

Wells Fargo & Company announced the leadership team and regional structure for its Commercial Banking business, led by Kyle Hranicky, a 25-year company veteran.With this new structure, Wells Fargo Commercial Banking has more than 6,000 team members across 24 divisions and 80 markets nationwide providing industry expertise, customized solutions and local service to support the diverse financial needs of customers.As previously announced, Wells Fargo combined its Business Banking, Government & Read Story

June 05, 2019 @ 08:35 AM

Citizens Commercial Banking led a senior secured asset-based revolving credit facility for Burris Logistics. The funds were used to acquire Trinity Logistics and for general working capital purposes. Citizens served as Sole Lead Arranger, Bookrunner and Administrative Agent for the asset-based revolving credit facility.Founded in 1925 and headquartered in Milford, DE, Burris Logistics provides temperature-controlled warehousing, logistics, consolidation/redistribution and supply chain management Read Story

June 06, 2019 @ 08:50 AM

FTD Companies, Inc. (FTD), a premier floral and gifting company, announced that the Company and substantially all of its domestic subsidiaries have filed voluntary petitions commencing cases under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware to facilitate the completion of strategic initiatives resulting from the Company's previously announced strategic review. The Company intends to use the court-supervised restructuring process to support and protect its ongoing Read Story

Filed Under: Retail
June 04, 2019 @ 09:00 AM

An affiliate of Variant Equity Advisors, LLC (Variant Equity) announced the completed acquisition of Coach USA and Coach Canada, in which Wells Fargo Capital Finance (WFCF), a unit of Wells Fargo Commercial Capital, acted as administrative agent, lead arranger and book runner for the asset-based credit facility provided for the acquisition. Variant Equity acquired Coach USA Administration, Inc. and its subsidiaries from Stagecoach Group plc in a transaction valued at approximately $271.4 million Read Story

June 06, 2019 @ 08:45 AM

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