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Week's News

iHeartMedia, Inc. announced that it has reached an agreement in principle with holders of more than $10 billion of its outstanding debt and its financial sponsors. The agreement reflects widespread support across the capital structure for a... Read Story

Filed Under: Media
March 16, 2018 @ 07:38 AM

PNC Business Credit, the senior secured lending division of PNC Bank, N.A., announced three appointments to its senior secured financing team in the Upper Midwest and Western regions.  Luke Tripodi has been appointed senior vice president and... Read Story

March 16, 2018 @ 07:27 AM

Wells Fargo & Company has promoted James Trankle to lead its Nebraska commercial lending team. Based in Omaha, he reports to Grant Friesth, Central Division manager for Wells Fargo Middle Marking Banking. Trankle now oversees Wells Fargo’s local... Read Story

March 16, 2018 @ 07:22 AM

SSG Capital Advisors, LLC (SSG) acted as the investment banker to New England Orthotic & Prosthetic Systems, LLC and its affiliates in the sale of all of its outstanding senior debt to AHM Healthcare Strategies (AHM), an affiliate of Eschen... Read Story

Filed Under: Medical
March 16, 2018 @ 07:17 AM

Southeastern Grocers, the parent company of Winn Dixie, Bi-Lo, Fresco y Más and Harveys Supermarket, has filed a court-supervised, prepackaged restructuring agreement to reduce its debt by more than $500 million. "We have not taken these steps... Read Story

Filed Under: Retail
March 16, 2018 @ 07:09 AM

Private equity buyout funds are increasingly becoming involved in the information technology sector, particularly as some technology companies become larger and more mature, Preqin reported. Sixteen information technology-focused buyout funds closed... Read Story

Filed Under: Technology
March 15, 2018 @ 08:00 AM

Stein Mart, Inc. announced that it has completed the closing of a Term Loan with Gordon Brothers Finance Company in the amount of $50 million. In connection with entering into the Term Loan, the Company amended its existing Second Amended and... Read Story

Filed Under: Retail
March 15, 2018 @ 07:15 AM

Crestmark Executive Vice President Larry Pearce announced Crestmark’s expansion of its funding capabilities to provide several options to the growing solar energy market. Crestmark offers several financing programs to help business owners looking to... Read Story

Filed Under: Energy
March 15, 2018 @ 07:07 AM

Capital One announced that it has added seven senior housing properties owned by subsidiaries of Healthcare Trust, Inc. (HTI) to HTI’s Fannie Mae credit facility. This transaction brings the total facility to $216.6 million, an increase of $64.2... Read Story

Filed Under: Real Estate
March 15, 2018 @ 07:01 AM

Caltius Structured Capital announced the closing of a unitranche debt and common equity investment in Imagenet, LLC. The investment was used by the company to refinance debt, fund a shareholder dividend and provide growth capital. Founded in 2000 in... Read Story

Filed Under: Technology
March 15, 2018 @ 07:00 AM