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Week's News

U.S. businesses continued to grow in 2017, as reflected by increased borrowing during the year, the Commercial Finance Association (CFA) announced. According to the CFA’s 2017 Annual Asset-Based Lending and Factoring Survey, asset-based lending... Read Story

May 24, 2018 @ 08:01 AM

Live Oak Bank announced it has officially launched a new lending division focused on financing for the franchise restaurant industry. The vertical marks Live Oak’s 18th industry specific lending division and will include all franchise businesses from... Read Story

Filed Under: New Venture
May 24, 2018 @ 08:00 AM

Sportsman's Warehouse Holdings, Inc. announced that, on May 23, 2018, it amended its existing credit agreement to increase the borrowing capacity under its existing revolving credit facility by $100 million to $250 million, subject to a borrowing... Read Story

Filed Under: Retail
May 24, 2018 @ 07:18 AM

VEREIT, Inc., a Maryland-based realestate management firm, entered, into a $2.9 billion credit agreement dated as of May 23, 2018 by and among the Operating Partnership, as borrower, the Company, as guarantor, the financial institutions from time to... Read Story

Filed Under: Real Estate
May 24, 2018 @ 07:15 AM

U.S. chief executives are highly confident in the growth prospects for their companies over the next three years and will focus on M&A and collaborative efforts such as accelerator or incubator programs for startup firms to achieve sustained growth... Read Story

Filed Under: Economy
May 24, 2018 @ 07:13 AM

Abacus Finance Group, LLC (Abacus), a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced that it served as Administrative Agent and Lead Arranger for... Read Story

Filed Under: Automotive
May 24, 2018 @ 07:00 AM

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $56 billion in the first quarter of 2018, up $12.1 billion (27.5 percent) from a year ago. The improvement in... Read Story

Filed Under: Economic Commentary
May 23, 2018 @ 08:00 AM

Frontera Energy Corporation announced the closing of a $100 million revolving letter of credit facility arranged by Itaú Corpbanca Colombia S.A., Citibank N.A., JPMorgan Chase Bank, N.A., HSBC Mexico, S.A., Institución de Banca Multiple, Grupo... Read Story

Filed Under: Energy
May 23, 2018 @ 07:14 AM

CIT Group Inc. announced that its Real Estate Finance division was the sole lead arranger of a $107.5 million senior-secured construction loan for a new 333-unit multifamily residential development planned for Downtown Oakland, Calif. The project... Read Story

Filed Under: Real Estate
May 23, 2018 @ 07:13 AM

Sterling National Bank provided credit facilities totaling $5.7 million to LCP Machine, LLC to support the acquisition of LCP Machine by White Wolf Capital. In addition to the acquisition, the facility will also be used by the company to expand their... Read Story

Filed Under: Manufacturing
May 23, 2018 @ 07:08 AM