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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... Read Story

Filed Under: Industry News
April 03, 2020 @ 09:30 AM

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... Read Story

Filed Under: Joint Venture
April 03, 2020 @ 09:25 AM

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... Read Story

Filed Under: Logistics
April 03, 2020 @ 09:20 AM

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... Read Story

Filed Under: Industry News
April 03, 2020 @ 09:15 AM

Stonebriar Commercial Finance announced the promotion of Ryan Ellis to Vice President, Head of the Real Estate Group (REG). He joined Stonebriar in 2017 in connection with an acquisition and has progressively assumed greater responsibilities in the... Read Story

April 03, 2020 @ 09:00 AM

FTI Consulting, Inc. released the findings of its 2020 U.S. Loan Market Survey, which provides a glimpse into bank and non-bank lenders’ views against the backdrop of the COVID-19 pandemic and oil market price disruptions.According to the survey... Read Story

Filed Under: Industry News
April 02, 2020 @ 09:10 AM

Haynes and Boone, LLP released two data reports that underscore the current sentiment in the oil and gas industry amid the global economic slowdown and price war between Saudi Arabia and Russia.The firm’s latest Borrowing Base Redeterminations Survey... Read Story

Filed Under: Oil & Gas
April 02, 2020 @ 09:05 AM

Gibraltar Business Capital recently closed on a new $5,000,000 credit facility with a Missouri-based manufacturer.Headquartered in Kansas City, MO, the new client has been in business since 1952, manufacturing, supplying, designing, marketing... Read Story

Filed Under: Manufacturing
April 02, 2020 @ 08:50 AM

Nucleus Commercial Finance announced the expansion of its Asset Based Lending team (ABL) in Yorkshire, with the appointment of Riana Azam as Regional Sales Director. Riana brings 14 years’ industry experience and will be central to developing... Read Story

April 02, 2020 @ 08:00 AM

CIT Group Inc. has provided critical financing for its client Aria Designs to help it procure millions of advanced N95 surgical masks that will protect medical professionals battling the COVID-19 pandemic.Aria Designs, a North Carolina-based... Read Story

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April 02, 2020 @ 07:59 AM