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Cadence Bank announced the rebrand of AloStar Capital Finance, a division of the bank that provides asset-based lending (ABL) and specialty finance solutions, to Cadence Business Finance (CBF). Along with its new name, logo and website, the rebrand... Read Story

Filed Under: Company Announcements
September 18, 2020 @ 09:10 AM

Leading lower-middle-market private equity firm Huron Capital announced today that its full-service insurance brokerage platform, High Street Insurance Partners, has acquired Tracy, Driscoll & Co., Inc. and Millennium Alliance Group, LLC.Both... Read Story

September 18, 2020 @ 09:05 AM

Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, has hired Christopher Freeze as Senior Managing Director and Head of Investor... Read Story

September 18, 2020 @ 09:00 AM

PNC Bank announced that long-time Regional President, Linda Bowden, plans to retire in mid-2021. Succeeding Bowden effective Jan. 4, 2021 will be Enrico Della Corna, who currently serves as regional executive for Commercial Banking in the Northeast... Read Story

September 18, 2020 @ 08:55 AM

T-Mobile USA, Inc., a wholly-owned subsidiary of T-Mobile US, Inc., increased the aggregate commitment under its revolving credit facility to $5.5 billion through an amendment to its Credit Agreement, dated as of April 1, 2020.According to a... Read Story

Filed Under: Telecom
September 18, 2020 @ 08:00 AM

The effect of COVID-19 on the asset-based lending (ABL) market became apparent in the second quarter as the industry’s most recent data reflect a 24.1-percent decline in total bank loans and 29.4-percent drop quarter over quarter in non-bank lending... Read Story

Filed Under: Industry News
September 17, 2020 @ 09:10 AM

First Business Bank announced that Kevin Kane, CTP, was hired as President – Milwaukee Region.“Kevin is an ideal fit for us at First Business Bank so I’m very pleased that he’s joining us as President in our Milwaukee office,” says Mark Meloy, CEO of... Read Story

September 17, 2020 @ 09:05 AM

For middle-market and small businesses, the COVID-19 pandemic is highlighting the vital importance of investing in new technology, facilitating remote work and maintaining the tech-savvy workforce needed to make it all happen, according to a new... Read Story

Filed Under: Industry News
September 17, 2020 @ 09:00 AM

Aligned, a leading data center provider offering innovative, sustainable and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, announces completion of a $1 billion senior secured credit facility... Read Story

Filed Under: Technology
September 17, 2020 @ 08:54 AM

Antares Capital Advisers LLC, a subsidiary of Antares Capital LP (together with its parent companies, “Antares”) announced the final closing of its inaugural Senior Loan Fund (“SLF”).The fund, which launched in December 2019, closed on September 14th... Read Story

Filed Under: Industry News
September 17, 2020 @ 08:50 AM