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Week's News

PNC Bank, N. A. has appointed Brian Bucher regional president of a newly created Port Cities region, encompassing Jacksonville, Charleston, South Carolina and Savannah, Georgia, effective Jan. 1, 2018. The introduction of the company's regional... Read Story

October 20, 2017 @ 08:01 AM

CIT Group Inc., a provider of commercial lending and leasing services, announced the appointment of Kenneth Caffrey and Michael Cavounis as managing directors of the Sponsor Finance Group. In these positions, Caffrey and Cavounis will facilitate the... Read Story

October 20, 2017 @ 08:00 AM

The number of business bankruptcy filings the third quarter dropped 13.6% compared to the second quarter of 2017, marking the lowest quarterly figure since the beginning of last year, according to new data released by The service... Read Story

Filed Under: Bankruptcy
October 20, 2017 @ 07:53 AM

Gordon Brothers, Hilco Industrial and AM King Industries announced that they have commenced an orderly sale process to sell certain mining assets of North American Tungsten Corporation (NATC) as part of a joint venture. NATC is a Canadian mining... Read Story

Filed Under: Auction News
October 20, 2017 @ 07:09 AM

Newpark Resources, Inc. announced that it has entered into an Amended and Restated Credit Agreement, which amends and restates the company's previous credit agreement and increases the asset-based revolving loan facility from $90 million to $150... Read Story

Filed Under:
October 20, 2017 @ 07:08 AM

CIT Group Inc. announced that Nicholas Nunnari has joined the Commercial Services team as vice president and business development officer. In this position, Nunnari will advance the team's strategic initiatives and facilitate the continuing expansion... Read Story

October 19, 2017 @ 07:14 AM

Oaktree Capital Group, LLC announced that Oaktree Capital Management, L.P.  has closed its asset purchase agreement pursuant to which Oaktree has become the new investment adviser to two business development companies (BDCs): Oaktree Specialty... Read Story

Filed Under: New Venture
October 19, 2017 @ 07:09 AM

Goodrich Petroleum Corporation announced that it has entered into a $250 million Senior Secured Revolving Credit Agreement with JPMorgan Chase Bank, N.A. as Joint Lead Arranger, Sole Bookrunner and Administrative Agent and SunTrust Bank and SunTrust... Read Story

Filed Under: Oil & Gas
October 19, 2017 @ 07:08 AM

Finova Financial, provider of fair and affordable digital alternatives for Americans underserved by the traditional banking system, announced it has secured $102.5 million in equity and credit facility funding. The financing was led by CoVenture with... Read Story

Filed Under: Lender Finance
October 19, 2017 @ 07:03 AM

Tortoise Investments and Lovell Minnick Partners announced the signing of a definitive agreement for a buyout of Tortoise, a leader in essential assets and essential income investing. Terms of the private transaction were not disclosed. As part of... Read Story

October 19, 2017 @ 07:00 AM