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Leveraged-Loan LIBOR Floors Help U.S. CLO Notes in Low Rate Environment
LIBOR floors in US leveraged loan agreements can provide some cushion to US CLOs, which is supportive to credit when benchmark rates drop as seen during the current market turmoil linked to the coronavirus pandemic, Fitch Ratings says. Leveraged loans generally have floors of zero or more, while CLO...
4/3/2020
Gordon Brothers, New Mill Capital Acquire Procter & Gamble Assets in Joint Venture
Gordon Brothers, the global advisory, restructuring, and investment firm, announced the acquisition of the real property and machinery and equipment associated with Procter & Gamble’s Kansas City, Kansas facility.  The acquisition was completed in conjunction with joint venture partner New Mill...
4/3/2020
SSG Advises American Global Logistics in Asset Sale to Terra Worldwide Logistics
SSG Capital Advisors, LLC ("SSG") acted as the investment banker to American Global Logistics, LLC ("AGL" or the "Company") in the sale of substantially all of its assets to Terra Worldwide Logistics, LLC. The transaction closed in March 2020.Headquartered in Atlanta, Georgia, American Global...
4/3/2020
Lending Syndicate Ups Borrowing Capacity for Marriott Vacations Worldwide
Marriott Vacations Worldwide announced that it has amended its non-recourse warehouse credit facility, expanding its borrowing capacity to $531 million, an increase of $181 million.Lenders include Deutsche Bank AG, Bank of America, N.A., Credit Suisse, AG, Truist Bank, Wells Fargo Bank, N.A., Fifth...
4/3/2020
 
Commercial Finance Licensing Legislation in New York State Merits Watching
Brett P. Garver
Brett Garver of Moritt Hock & Hamroff LLP writes that a proposed NY State law would create a licensing requirement for...
2/7/2020 Topic: Legal Issues
Despite new competitive forces from FinTech-style firms, traditional asset-based...
Latin America is widely recognized by U.S. investors and businesses as a region...
Topic: Accounting
 
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