Today’s News

    BofA Agents Integra LifeSciences Facility Upside to $1.5B

    Integra LifeSciences Holdings increased its credit facility with its bank group led by Bank of America to $1.5 billion.

    Burdette to Lead Atlantic Capital Financial Institutions Group

    Atlantic Capital Bank hired Cory Burdette as senior vice president of its Financial Institutions Group.

    Bloomberg: JPMorgan Fined $362MM in Euribor Rigging Case

    Bloomberg reported JPMorgan Chase, HSBC and Credit Agricole were fined a total of $521 million for manipulation of the Euribor benchmark rate. JPMorgan’s share of the total was $362 million.

    M&A Survey: Sense of Urgency Affecting Buyers and Sellers

    According to a survey of 600 middle-market companies conducted by Citizens Bank, both buyers and sellers are going into 2017 with a renewed sense of urgency.

    Barclays Leads Financing for GoDaddy Acquisition of HEG

    GoDaddy has entered into a definitive agreement to acquire Host Europe Group (HEG) for €1.69 billion ($1.79 billion), including €605 million paid to the selling shareholders and €1.08 billion in assumed net debt.

    Texas Capital Expands Banking Team to Support Recent Growth

    Texas Capital Bank promoted Mark Johnson and John Sarvadi to managing directors for Regional and Specialty Banking. Jim Recer has joined the bank in the same role.

    MB Business Capital Provides $23.5MM Funding for PlayMonster

    MB Business Capital provided a new $23.5 million senior credit facility to family entertainment toys and games manufacturer PlayMonster, formerly known as Patch Products.

    CFA’s Q3/16 ABL Index Reveals Increased Commitments

    The Commercial Finance Association Q3/16 ABL Index shows growth and increased activity on multiple fronts. For larger lenders, commitments and asset-based loans outstanding were up.

    Former GE Capital Exec Nolan to Succeed Burke at Antares

    Antares Capital promoted Peter Nolan to senior managing director, head of Loan Syndicate, Sales and Trading, succeeding Kevin Burke, who will retire after more than 40 years in the industry.

    Chonkar Joins Sterling National Bank Commercial Banking Team

    Sterling National Bank named Prakash Chonkar managing director and vice president of its commercial banking team.