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Week's News

CIT announced the appointment of Elijah Kaplan to lead CIT Northbridge Credit business development efforts across the Northeast.Based in New York, Kaplan is an experienced professional in middle market lending, private equity and restructuring. He... Read Story

May 21, 2019 @ 09:00 AM

AmeriTex Holdings LLC announced that it closed $25 million in Subordinated Notes with Prudential Capital Partners, LP (Prudential) and a $105 million Senior Credit facility with MUFG Union Bank (Union Bank), US Bank and Banc of California to... Read Story

Filed Under: Construction
May 21, 2019 @ 08:50 AM

Monroe Capital LLC announced an increase in its credit facility to Mammoth Holdings to support the acquisition FLCW, LLC d/b/a Finish Line Car Wash. In October 2018, Mammoth partnered with Red Dog Equity LLC, an Atlanta-based private equity firm... Read Story

Filed Under: Industry News
May 21, 2019 @ 08:45 AM

Hunton Andrews Kurth LLP continues the expansion of its structured finance and securitization practice with the addition of industry veteran Serena M. Mentor as counsel in New York.Mentor has longstanding experience representing issuers, sponsors... Read Story

May 21, 2019 @ 08:29 AM

Hitachi Capital America (HCA), a leading specialty finance company focusing on commercial loans and leases, is expanding its suite of working capital solutions in the Mexican marketplace, all while having witnessed a substantial growth of 30% in its... Read Story

Filed Under: Industry News
May 21, 2019 @ 08:25 AM

Comptroller of the Currency Joseph M. Otting told lawmakers that increased liberalization in the leveraged loan market carries the risk of destabilizing the economy, and nonbank financial institutions are leading the charge.During testimony May 15... Read Story

Filed Under: Industry News
May 20, 2019 @ 09:00 AM

Regions Bank announced that Joel Stephens has been appointed executive managing director and head of Regions Capital Markets. Stephens joined Regions in 2008 and most recently led the Real Estate Capital Markets group. He succeeds Terry Katon who has... Read Story

May 20, 2019 @ 08:55 AM

Briar Capital, now focused exclusively on providing owner-occupied, commercial real estate financing solutions for asset-based borrowers, has promoted Jeff Van Sickle to President and Jeff Appleton to Executive Vice President.“Both Jeff Van Sickle... Read Story

May 20, 2019 @ 08:45 AM

Encina Business Credit, LLC (EBC) announced that it has provided a $24 million senior secured credit facility to an oilfield services company.The facility consists of a revolving line of credit and a term loan.  Loan proceeds were used to refinance a... Read Story

Filed Under: Energy Services
May 20, 2019 @ 08:40 AM

Capital Research Partners & Co. announced that it arranged a $50 million credit facility for SouthStar Capital LLC.Founded in 2008 in South Carolina, SouthStar Capital LLC is a fast-growing specialty finance company focusing primarily on factoring.... Read Story

Filed Under: Lender Finance
May 20, 2019 @ 08:30 AM