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Week's News

Wells Fargo Commercial Capital (WFCC) announced David Koshenina is head of its Lender Finance Group. In his new role, he will lead a team that provides asset-based lending for specialty finance companies, including other asset-based lenders, factors... Read Story

July 16, 2019 @ 09:00 AM

Encina Business Credit announced that Ken Pardue joined its business development team as a Senior Managing Director.Pardue is a senior leveraged finance professional with over 20 years’ experience in executive management, new deal originations, and... Read Story

July 16, 2019 @ 08:55 AM

Yara has signed a $1.1 billion five-year multicurrency revolving credit facility ("RCF") with two one-year extension options.The RCF refinances Yara’s revolving credit facility dated 5 July 2013 and will be available for general corporate purposes.... Read Story

Filed Under: Industry News
July 16, 2019 @ 08:50 AM

Altamont Capital Partners announced that Sharon Luboff has joined the firm as an Operating Partner. Luboff will join the Altamont team to acquire and build a market-leading medical device business, in partnership with Altamont Operating Partner, John... Read Story

July 16, 2019 @ 08:45 AM

Prestige Capital Corp., a 35-year-old factoring firm based in Ft. Lee, NJ has hired Larry Artman of Marietta, Georgia, to join its team as Sales Director, Southeast. Mr. Artman has more than 35 years of experience in the financial services sector and... Read Story

July 16, 2019 @ 08:40 AM

Churchill Asset Management (“Churchill”) today announced that it has been recognized as “USA Lender of the Year” at the USA M&A Atlas Awards. Presented by the Global M&A Network, the awards honor outstanding firms, dealmakers and value-creating... Read Story

Filed Under: Industry News
July 16, 2019 @ 08:30 AM

Syndicated loan issuance to U.S. middle market firms jumped 48% in the second quarter of 2019 following a slow start during the first three months of the year. That's according to a report from Reuters that said loan totals reached $39.6 billion... Read Story

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

United Gaming, LLC announced that it has entered into a new $75 million senior secured asset-based credit facility with Boston-based Summit Partners acting as the single lender. The Credit Facility includes multiple draw options to facilitate the... Read Story

Filed Under: Gaming
July 15, 2019 @ 08:55 AM

SB360 Capital Partners, a leading asset disposition specialist, has renewed their agreement to work as the exclusive consultant to conduct “Store Closing” Sales for Fred’s Inc., and will begin sales in 129 new locations today. Fred’s added the 129... Read Story

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

The energy sector will lead U.S. high yield default volume for the third consecutive month following Weatherford International Public Ltd's bankruptcy, according to the latest High Yield Default Insight report from Fitch Ratings.The July trailing... Read Story

Filed Under: Energy
July 15, 2019 @ 08:45 AM