The Board of Directors of Morgan Stanley announced that Co-President Edward (Ted) Pick will become the Firm’s Chief Executive Officer, effective January 1, 2024. James Gorman will become Executive Chairman. Mr. Pick will also join Morgan Stanley’s...
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October 27, 2023, 08:17 AM
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Hannon Armstrong Sustainable Infrastructure Capital (HASI), a leading investor in climate solutions, amended its revolving credit facility effective immediately, increasing the committed line under the revolving credit facility by $240 million to...
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June 02, 2023, 08:00 AM
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RecNation Storage, a leading owner, operator and developer of specialized recreational vehicle and marine storage facilities, amended and upsized its revolving credit facility to borrow up to $500 million assuming certain conditions are met. The...
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May 26, 2023, 07:55 AM
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Paul Hastings is advising Morgan Stanley on its $1.55 billion of committed bridge financing for RenaissanceRe’s Holdings Ltd. acquisition of American International Group's treaty reinsurance business, which includes Validus Reinsurance Ltd. and its...
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May 23, 2023, 06:15 AM
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Versana announced the addition of four new leading banks – Deutsche Bank, Morgan Stanley, U.S. Bancorp and Wells Fargo – as investors in its industry backed, digital data and technology platform transforming the $5 trillion syndicated loan market....
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March 29, 2023, 07:35 AM
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Bank of America, Citigroup, JPMorgan Chase and Wells Fargo announced they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY-Mellon...
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March 17, 2023, 07:58 AM
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Mesa West Capital, the private U.S. real estate credit arm of Morgan Stanley Investment Management, raised ~$1.37 billion for Mesa West Real Estate Income Fund V, L.P. (“Fund V” or the “Fund”), exceeding Mesa West’s original $1.0 billion fundraising...
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February 14, 2023, 07:00 AM
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Clip, Mexico's leading commerce and digital payments platform, continues to strengthen its operations and offerings that drive the digital transformation of Mexico's economy by entering into a $50 million, three-year, unsecured revolving credit...
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September 08, 2022, 06:00 AM
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Voyager Aviation Holdings, a global full-service aircraft asset lessor and manager, announced the closing of a five-year senior secured warehouse facility with an initial committed amount of $500 million.Citibank, N.A. (“Citi”) acted as Global...
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February 28, 2022, 07:45 AM
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Virtus Investment Partners, which operates a multi-boutique asset management business, completed the refinancing of its existing credit agreement with a new $275 million senior secured term loan and $175 million revolving credit facility. The...
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September 29, 2021, 07:25 AM
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CCC Intelligent Solutions completed the successful refinancing of its existing secured credit facility with a new credit agreement comprised of an $800 million senior secured term loan facility and a $250 million senior secured revolving credit...
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September 24, 2021, 07:47 AM
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Morgan Stanley announced that Ted Pick and Andy Saperstein have been named Co-Presidents of Morgan Stanley. Both executives are long-serving employees in key management positions, and both head world-class businesses with market leadership positions....
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May 21, 2021, 08:10 AM
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Gogo announced the pricing and allocation of a 7-year $725 million term loan B (the "Term Loan B") and a 5-year $100 million revolving credit facility (the "Revolver" and together with the Term Loan B, the "Facilities"), marking an important...
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April 22, 2021, 08:00 AM
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Ares Management Corporation announced that a subsidiary of Ares has entered into a definitive agreement with a subsidiary of BrightSphere Investment Group Inc. and Landmark Investment Holdings LP to acquire 100% of Landmark Partners, LLC, one of the...
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April 01, 2021, 08:05 AM
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XPO Logistics announced the refinancing of $2.0 billion of existing term loan facilities to, among other things, reduce the applicable interest rate.The existing $1.5 billion term B facility, which bore interest at a rate of LIBOR plus 2.00%, and the...
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March 08, 2021, 06:00 AM
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The Office of the Comptroller of the Currency (OCC) assessed a $60 million civil money penalty against Morgan Stanley Bank, N.A., and Morgan Stanley Private Bank, N.A.The OCC took these actions based on the banks’ failure to exercise proper oversight...
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October 12, 2020, 09:10 AM
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Helios Technologies, a global industrial technology leader that develops and manufactures solutions for both the hydraulics and electronics markets, has entered into a definitive agreement to acquire BWG Holdings I Corp., operating as Balboa Water...
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October 12, 2020, 08:00 AM
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Calpine Corporation amended its revolving credit facility to increase the capacity by approximately $330 million from approximately $1.69 billion to approximately $2.02 billion, and entered into a new seven-year $950 million first lien senior secured...
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April 08, 2019, 08:55 AM
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On 19 March 2018, Michelin announced that it had reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued share capital of Fenner PLC. It is intended that the Acquisition will be implemented by means of a...
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April 09, 2018, 07:13 AM
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Capital markets net revenues were down for all five U.S. global trading and universal banks (GTUBs) in the second quarter, both sequentially and year over year (YOY), following a generally strong start to the year, according to Fitch Ratings in its...
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September 14, 2017, 07:11 AM
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21st Century Oncology Holdings, Inc., a global provider of integrated cancer care services, announced that it has reached an agreement in principle with its senior lenders and bondholders on the terms of a comprehensive debt restructuring that is...
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May 26, 2017, 07:45 AM
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IAMGOLD Corporation announced that, as of today, the commitments from a syndicate of lenders to its existing revolving credit facility total $250 million. The syndicate, led by National Bank of Canada and Deutsche Bank, included Citibank, N.A....
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February 08, 2017, 07:00 AM
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Apollo Global Management, LLC announced the appointment of Gary W. Parr as a Senior Managing Director and Co-Chairman of the firm’s Management Operating Committee, reporting to Joshua Harris, Co-Founder and Co-Chairman of the Management Operating...
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December 12, 2016, 08:00 AM
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Stacey Hadash is managing director and the Metro New York Market Executive for Global Commercial Banking at Bank of America Merrill Lynch. She oversees banking teams that cover New York City and Long Island, providing a full range of solutions to...
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November 08, 2016, 07:44 AM
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CenturyLink and Level 3 Communications, Inc. announced that their Boards of Directors have unanimously approved a definitive merger agreement under which CenturyLink will acquire Level 3 in a cash and stock transaction valued at approximately $34...
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October 31, 2016, 07:31 AM
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Adams Street Partners has expanded its Private Credit team, building on the launch of the strategy by former Oaktree Capital executives Bill Sacher and Shahab Rashid in January 2016.Frederick Chung, formerly a Vice President at Goldman Sachs, has...
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September 12, 2016, 07:25 AM
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Antares Capital announced is serving as administrative agent and sole lead arranger on a $72 million senior secured credit facility to support the acquisition of Pathway Partners Vet Holding LLC (“Pathway”) by investment funds managed by Morgan...
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August 25, 2016, 07:38 AM
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Aerojet Rocketdyne Holdings, Inc. announced a major refinancing that will provide it with greater financial flexibility to execute its long-term strategic agenda and substantially reduce the company’s interest expense. Bank of America Merrill Lynch...
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June 21, 2016, 07:50 AM
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Summit Financial announced the firm has hired Andrew Wilhelmy as Vice President, Business Development. Wilhlelmy will represent Summit in the Colorado, New Mexico, Arizona, and Wyoming markets. Wilhelmy comes to Summit from his role as principal at...
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March 11, 2016, 07:42 AM
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Mattress Firm Holding Corp., the nation's largest specialty mattress retailer, today announced the completion of its acquisition of all of the outstanding equity interests in HMK Mattress Holdings LLC, the holding company of Sleepy's and related...
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February 08, 2016, 08:00 AM
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Gordon Brothers Finance Company (GBFC), a specialty-lending business to middle market companies, announced today that Eugene "Gene" Martin has been appointed President & Chief Executive Officer.Martin is a senior, global capital markets and credit...
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February 03, 2016, 08:08 AM
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Colt Defense LLC announced that the United States Bankruptcy Court for the District of Delaware (the “Court”) has confirmed the Company's Second Amended Joint Plan of Reorganization (“the Plan”). The Plan received full support from all of the...
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December 17, 2015, 07:20 AM
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KeyCorp announced today that they have entered into a definitive agreement under which KeyCorp will acquire First Niagara in a cash and stock transaction for total consideration valued at approximately $4.1 billion.First Niagara, headquartered in...
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October 30, 2015, 08:03 AM
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Wellfleet Credit Partners announced the closing of a $360.0 million collateralized loan obligation (“CLO”), referred to as “Wellfleet CLO 2015-1.” Wellfleet CLO 2015-1 represents the debut CLO issuance for Wellfleet, the performing credit business of...
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September 25, 2015, 07:18 AM
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The partners of 44 Business Capital LLC, announce that Kirstin Russell of Harleysville, PA has recently been hired as a credit analyst for the Philadelphia market. Russell is a May 2015 graduate of George Mason University with a degree in Finance and...
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September 10, 2015, 07:19 AM
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The financial press reported that Tesla filed a Form 8-K filing last week with the Securities and Exchange Commission, noting that the company has raised nearly $500 million in credit from leading banks around the country, ahead of the Model X...
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June 15, 2015, 07:53 AM
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CAN Capital, a leading player in alternative small business finance, announced today that it secured a $650 million credit facility from a dozen leading lenders. Led by Wells Fargo Capital Finance, the transaction includes new commitments from Morgan...
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April 03, 2015, 07:44 AM
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SUPERVALU INC. announced it has successfully completed the amendment and extension of its existing $1.0 billion asset-based revolving credit facility (the “Revolving ABL Facility”), which is secured by the company’s inventory, credit card, wholesale...
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October 01, 2014, 06:41 AM
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Bloomberg reports Revel, the bankrupt Atlantic City casino, will close its doors next month after failing to find a qualified buyer, dealing the latest blow to the struggling New Jersey resort town. The two-year-old facility, built for $2.6 billion...
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August 13, 2014, 07:03 AM
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Gogo Inc., a leading global aero communications service provider, announced it has obtained a $75 million increase to its existing $248 million credit facility arranged by Morgan Stanley. Gogo intends to use the proceeds of the debt financing for...
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July 31, 2014, 07:38 AM
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Newtek Business Services, Inc. announced that it has attracted and retained the talents of two senior executives, Susan Streich and Harold Gartner.Harold Gartner joins Newtek as President and Chief Operating Officer of Newtek Business Credit. As a...
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May 20, 2014, 07:22 AM
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SUPERVALU INC. announced it has successfully completed the repricing, amendment and extension of its existing $1.0 billion asset-based revolving credit facility, which is secured by the company's inventory, credit card and certain other receivables...
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April 18, 2014, 07:52 AM
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Visteon Corporation entered into a credit agreement for a total commitment of $800 million, including a $600 million seven-year term loan B with a final maturity date of April 9, 2021, and a $200 million five-year revolving credit facility with a...
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April 10, 2014, 07:43 AM
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CIT Group Inc. announced the pricing of a public offering of $1 billion aggregate principal amount of senior unsecured notes due 2019 (the “Notes”). The Notes priced at par and will bear interest at a per annum rate of 3.875%. The Notes will be...
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February 13, 2014, 07:02 AM
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Consolidated Communications Holdings, Inc. completed a refinancing of its secured term debt resulting in an extension of maturities and significant interest savings. Wells Fargo Securities, LLC was the left lead arranger and bookrunner. Morgan...
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December 24, 2013, 07:36 AM
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First Wind, an independent U.S.-based renewable energy company, announced that its joint venture with Emera, Northeast Wind, has issued a new corporate credit facility, consisting of a $320 million Term Loan B debt facility and a $75 million Letter...
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November 15, 2013, 07:26 AM
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Philippines-based fruit juice manufacturer Del Monte Pacific Limited released details on a $1.28 billion credit backing its $1.675 billion acquisition of the Del Monte Foods consumer food business, sources told Thomson Reuters LPC.
Reuters reported...
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November 08, 2013, 07:29 AM
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Verisk Analytics, Inc. has exercised an expansion feature under its revolving credit facility to increase the total facility to $975 million and extend the maturity until October 2018. Prior to this amendment, the facility totaled $850 million with a...
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October 29, 2013, 07:11 AM
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Reuters reported Twitter is finalizing a $1 billion revolving credit facility ahead of its expected initial public offering, sources told Thomson Reuters LPC. According to the Reuters report, Goldman Sachs, Morgan Stanley, JP Morgan, Bank of America...
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October 15, 2013, 07:53 AM
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ON Semiconductor Corporation has entered into an amended and restated senior revolving credit facility with a group of lenders. An SEC 8-K filing notes JPMorgan Chase is the adminstrative agent. Lenders include Bank of America, The Royal Bank of...
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October 11, 2013, 07:51 AM
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Fifth Street Finance Corp. closed a public offering of 17,643,000 shares of its common stock, including 2,143,000 shares sold pursuant to the underwriters' option to purchase additional shares, at a public offering price of $10.31 per share for total...
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September 27, 2013, 07:26 AM
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Radiation Therapy Services Holdings, Inc., a leading operator of radiation therapy centers, announced today that its wholly owned subsidiary, Radiation Therapy Services, Inc., has amended its $140 million revolving credit facility. Wells Fargo served...
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August 30, 2013, 07:29 AM
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Foresight Energy LLC announced it completed a $1.55 billion financing including a $500 million secured revolving credit facility due August 2018, a $450 million secured term B loan due August 2020 and a private offering of $600 million aggregate...
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August 26, 2013, 07:24 AM
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Medical technology company Kinetic Concepts Inc. is buying Systagenix for $485 million, expanding and diversifying the San Antonio-based buyer's wound care offerings.Goldman Sachs, Bank of America Merrill Lynch and Morgan Stanley are providing...
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July 31, 2013, 07:13 AM
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Hudson’s Bay Company and Saks Incorporated announced that they have entered into a definitive merger agreement whereby HBC will acquire Saks for U.S.$16.00 per share in an all-cash transaction valued at approximately U.S.$2.9 billion, including debt....
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July 29, 2013, 07:36 AM
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SMART Technologies Inc., a leading provider of collaboration solutions, announced today that its wholly-owned subsidiary, SMART Technologies ULC, has priced a new four-and-a-half-year senior secured term loan in an aggregate principal amount of $125...
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July 22, 2013, 07:26 AM
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CIT Group announced that Todd Harrington has been named Northeast regional sales manager of CIT Trade Finance. He reports to Marc Heller, Northeast regional manager and International Manager of CIT Trade Finance.
“Todd is an asset to our team as we...
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April 29, 2013, 07:52 AM
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Gogo, the leader of in-flight connectivity and a pioneer in wireless in-flight digital entertainment solutions, announced today that it has closed a $113 million increase to its existing $135 million credit facility arranged by Morgan Stanley and J.P...
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April 11, 2013, 07:18 AM
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Dex One Corporation and SuperMedia announced that each company has received the requisite shareholder approval for their proposed merger and they both have voluntarily filed for Chapter 11 in the United States Bankruptcy Court for the District of...
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March 18, 2013, 08:03 AM
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Revel AC Inc., the casino owner that New Jersey Governor Chris Christie bet on to revive Atlantic City, plans to file for a prepackaged bankruptcy that will reduce its debt burden by more than $1 billion.
Certain Revel lenders will provide about...
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February 20, 2013, 07:39 AM
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American Securities and Crestview Partners announced that Crestview has acquired NEP Broadcasting and its affiliates from American Securities. Financial terms of the transaction were not disclosed however a press release noted Barclays, Morgan...
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December 27, 2012, 07:05 AM
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