Articles
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PNC Bank Provides Financing to Water & Wastewater Infrastructure Products Manufacturer
Jul 30, 2019
PNC Bank, National Association, announced today the closing of a $30 million senior secured credit facility for Sugar Land, TX-based Sigma Piping Products 2019, LLC (SPP).
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Thoughts on the First Quarter 2019 Asset-Based Lending Index
Jul 30, 2019
If we were to represent Q1 2019 as one of those office motivational posters, “Little by little, a little becomes a lot” would be appropriate.
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Sierra, MCC and MDLY Amend Merger Agreements Which Would Create Leading Internally Managed BDC
Jul 29, 2019MCC will merge with and into Sierra and Sierra will simultaneously acquire MDLY and its existing asset management business, which will operate as a wholly owned subsidiary of the Company.
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Fifth Third Business Capital Provides $10 Million for Kratos Building Products, Inc.
Jul 25, 2019Fifth Third Business Capital, a division of Fifth Third Bank, announced it acted as sole lender and administrative agent on the funding of a $10,000,000 senior credit facility to Farmers Branch, Texas-based Kratos Building Products, Inc. (“Kratos”).
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Santander US Appoints Timothy Wennes as President and CEO of Santander Bank, N.A., and Juan Carlos Alvarez as Santander US and SBNA CFO
Jul 24, 2019
Timothy Wennes will become President and Chief Executive Officer of Santander Bank, N.A. ("SBNA"), effective Sept. 16, 2019. He joins SBNA from MUFG Union Bank in California. Wennes succeeds Duke Dayal, who was named Chief Financial Officer of Santander UK on July 10, 2019, effective Sept. 16, 2019. Dayal currently serves as CEO of SBNA and CFO of Santander US.
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Interview with David Koshenina, Head of WFCC’s Lender Finance Group
Jul 22, 2019Wells Fargo Commercial Capital (WFCC) recently announced that David Koshenina is head of its Lender Finance Group. In his new role, he will lead a team that provides asset-based lending for specialty finance companies, including other asset-based lenders, factors, equipment leasing, and other nonbank lenders.
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Hercules Capital Appoints Scott Bluestein as Chief Executive Officer and President
Jul 19, 2019Mr. Bluestein, who has held several leadership roles in his nine years with the Company, has served as Hercules’ interim CEO since March 2019 and as Chief Investment Officer since 2014.
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Wells Fargo Capital Finance Completes Financing for Brooks Brothers
Jul 9, 2019
Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced the completion of financing for Brooks Brothers, the storied U.S. apparel brand and one of its oldest clothing retailers.
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Citizens CML Banking Leads New Financing for Aerospace Industry
Jul 9, 2019Citizens Commercial Banking led a new credit facility for United Kingdom-based Bromford Industries, a leading supplier of complex, close tolerance engine components, fabrications and assemblies for the global aerospace and power generation industries, to acquire Accrofab Limited.
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Siena Lending Group LLC Announces the Closing of a $10 Million Credit Facility for Southwest Spirits & Wine, LLC
Jul 2, 2019
Siena Lending Group LLC (“Siena”) announces the completion of a $10.0 million asset-based revolving line of credit and term loan for Southwest Spirits & Wine, LLC (“Southwest Spirits”).
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Lien Trouble Down on the Farm
Jul 2, 2019In a priority dispute between a bank and two nurseries, the bank prevailed. The dispute concerned who held the senior lien in over a million dollars’ worth of trees and shrubs in three states. By Samuel R. Henninger
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Solaris Water Midstream Announces $350 Million Revolving Credit Facility to Fund Growth Projects in the Permian Basin
Jul 2, 2019Solaris Water Midstream, LLC (“Solaris Water”), a leading provider of water-related infrastructure to the oil and gas industry, announced today it has increased the size of its revolving credit facility to $350 million from $250 million. Cadence Bank N.A. (“Cadence Bank”) acted as lead arranger and administrative agent with Wells Fargo Bank, National Association (“Wells Fargo”) serving as joint lead arranger.
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LinkedIn For Recruiting
Jun 20, 2019Five years ago, if you said, “I am on LinkedIn,” people would not have understood what you meant.
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Citizens Commercial Banking Leads $435 Million Construction Loan for WS Development and PSP Investments
Jun 19, 2019Funds will be used for new 500,000 square-foot office and retail building at 111 Harbor Way in Boston’s Seaport District
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Merger of Equals Between BB&T and SunTrust Will Create Truist
Jun 19, 2019BB&T Corporation (NYSE: BBT) and SunTrust Banks, Inc., (NYSE: STI) today announced Truist as the name for the combined company to be created through their merger of equals.
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Jack in the Box Inc. Announces Refinancing Transaction
Jun 19, 2019Jack in the Box Inc. (NASDAQ: JACK) today announced that certain of its subsidiaries intend to complete a refinancing of the company’s existing senior credit facility, which is comprised of a term loan and revolving credit facility, with a new securitized financing facility.
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Secured Lending and Felons
Jun 14, 2019
Several commercial finance executives band together to give former inmates a second chance. By David Rains
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Character First: Interview with Jennifer Palmer
Jun 14, 2019
Jennifer Palmer, president of Gerber Finance, discusses how philanthropy is front and center in the company’s day-to-day business. By Michele Ocejo
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The Dynamic Power of Diversity: How Diverse Perspectives & Inclusive Thinking Can Create Powerful Teams
Jun 14, 2019
A leading researcher, author and advisor in the fields of leadership and inclusion offers practical tips for harnessing the power of diverse teams. By Arin N. Reeves
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Boston Finance Professionals Join Together to Make a Difference
Jun 14, 2019
The Boston Corporate Finance Community (BCFC) was founded by Cheryl Carner, Crystal Financial LLC; Ken Frieze, Gordon Brothers; Keith Vercauteren, Wells Fargo; Ward Mooney, Crystal Financial LLC; and Kevin Murtagh, Riemer & Braunstein LLP. By Ward Mooney and Kevin Murtagh
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