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Comptroller of the Currency Joseph M. Otting made the following statement during a Financial Stability Oversight Council meeting regarding the condition of the federal banking system and its response to the COVID-19 national emergency."Thank you, Mr.... Read Story

Filed Under: Banking News
March 27, 2020 @ 09:00 AM

In another timely move, Greenberg Traurig, the 2200-lawyer global firm, announced it is rejoining forces with Bruce Zirinsky, its former Co-Chair of the Restructuring & Bankruptcy Practice, and subsequently founder of Zirinsky Law Partners PLLC, a... Read Story

March 27, 2020 @ 08:57 AM

Citizens M&A Advisory served as the exclusive financial advisor to LegalPartners, a leading alternative legal services provider (ALSP) on its recapitalization by Eureka Equity Partners, a Philadelphia-based private equity firm.LegalPartners is a... Read Story

Filed Under: Legal Finance
March 27, 2020 @ 08:55 AM

Fifth Third Business Capital, a division of Fifth Third Bank, National Association, announced it acted as lead lender and administrative agent on the closing of a new $70,000,000 Senior Credit Facility for Lignetics, Inc. and its various subsidiaries... Read Story

Filed Under: Manufacturing
March 27, 2020 @ 08:50 AM

Scatec Solar has signed new and expanded credit facilities with a bank consortium consisting of BNP Paribas, Nordea Bank and Swedbank. Scatec Solar has refinanced its current Revolving Credit Facility (RCF) and established a new USD 90 million ESG... Read Story

Filed Under: Energy
March 27, 2020 @ 08:30 AM

The U.S. Senate on Wednesday unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic, as well as providing billions of dollars to buy urgently needed medical equipment, Reuters... Read Story

Filed Under: Economy
March 26, 2020 @ 09:30 AM

Global real estate investment company Kennedy Wilson (NYSE: KW) today announced that its wholly owned subsidiary Kennedy-Wilson, Inc. has extended its existing $500 million unsecured corporate revolving credit facility with a global group of nine... Read Story

Filed Under: Real Estate
March 26, 2020 @ 09:25 AM

Ares Capital Corporation announced that it issued an open letter to its stakeholders regarding a business update amid the coronavirus pandemic.The full text of the letter follows:Dear Stakeholder,With the global outbreak of COVID-19, we are making... Read Story

Filed Under: Company Announcements
March 26, 2020 @ 09:20 AM

Chiron Financial served as exclusive financial advisor and placement agent for SMG Industries, Inc. in its acquisition of 100% of the membership interests of 5J Oilfield Services LLC (“5J Oilfield”) and 5J Trucking LLC (5J Trucking”), both Texas... Read Story

March 26, 2020 @ 09:10 AM

BWX Technologies, Inc. announced that it has entered into an amendment to its May 24, 2018 credit agreement with Wells Fargo Bank, N.A. and other lenders that increases its borrowing capacity while delivering lower rates for the company.The amendment... Read Story

Filed Under: Industry News
March 26, 2020 @ 09:00 AM