• Philadelphia Credit & Restructuring Summit 2017

Today’s News

    Credit & Restructuring Summit ‘Early Bird’ Pricing Ends Tonight

    Discounted pricing for the ABF Journal-sponsored Philadelphia Credit & Restructuring Summit ends tonight, Friday, February 24, 2017 at midnight, so don’t delay. The conference will be held March 30 at the Union League of Philadelphia.

    BDC Capital Names Flynn New Chief Operating Officer

    BDC Capital appointed Paul Flynn, Jr. chief operating officer. Flynn also serves as president and chief operating officer of the New England Certified Development Corporation, BDC’s SBA 504 lending affiliate.

    Casey Joins Puget Sound Bank as SVP

    Chris Casey joined Puget Sound Bank as senior vice president, relationship manager.

    BMO Harris Agents $75MM Facility for Titan International

    BMO Harris served as agent for a new $75 million credit facility for Titan International, which replaces a $150 million facility scheduled to terminate in December 2017.

    BofA Agents $1.5B Revolver, $296MM Term Loan for W. P. Carey

    W.P. Carey completed a $1.5 billion revolving credit facility with Bank of America as administrative agent.

    CRG Provides $75MM Facility to BioDelivery Sciences

    BioDelivery Sciences closed a senior credit facility with affiliates of CRG, a healthcare-focused investment firm, to retire its existing credit facility and provide additional working capital for the company.

    Accord Business Finance Adds Madsen as Director

    Accord Business Finance, the Chicago-based division of Accord Financial, a provider of accounts receivable management solutions, added Erik Madsen as director.

    RBC, Credit Suisse Support Formation of Exela Technologies

    SourceHOV, Novitex Holdings and Quinpario Acquisition will combine to create Excela Technologies, an industry-solutions provider for financial technology and business services. Royal Bank of Canada and Credit Suisse will provide debt financing to support the merger.

    Gordian Group Launches Asset Management Services Firm

    Investment banking firm Gordian Group formed Gordian Equity Management Services. Paul Laud will build and run the new initiative.

    Santander Supports Foresight Solar Acquisition of Sandridge

    Foresight Solar completed its second largest acquisition, a 100% interest in Sandridge solar farm, located in Wiltshire, UK. Santander Bank provided a £55 million ($69 million) revolving credit facility to support the acquisition.