Today’s News

    Wex, OnDeck Launch Financing Partnership

    WEX, a provider of corporate and small business payment solutions, launched a partnership with OnDeck. WEX will offer business financing from OnDeck to its small business customers.

    TCF Capital Provides $28.3MM to Support Clearview Capital Refi

    TCF Capital Funding acted as sole lead arranger and administrative agent on $28.3 million in secured financing to support Clearview Capital’s refinancing of its portfolio company, Xcellence.

    Former Oaktree Credit Head Joins Ares Management

    Scott Graves, former head of Credit at Oaktree Capital Management, joined Areas Management as a partner.

    Sycamore Partners Makes Stalking Horse Bid for Limited Stores

    Limited Stores has filed a voluntary petition for relief under Chapter 11. Sycamore Partners has made a stalking horse bid for the retail chain. Bank of America is agent for the company’s $50 million revolving credit facility dated August 24, 2007.

    ExWorks Provides Acquisition Financing to WISeKey International

    WISeKey International obtained a $16.4 million secured line of credit for acquisition financing from ExWorks Capital, a U.S. private debt fund specializing in international trade with working capital financing.

    BofA Agents Nicholas Financial Amendment

    Nicholas Financial entered an amendment to its existing $250 million credit facility, with Bank of America as agent.

    Credit Suisse Agents $45MM Dynegy Upsize

    Dynegy amended its existing credit agreement, increasing commitments under extended revolving loans by an aggregate amount of $45 million. Credit Suisse served as administrative agent.

    Centerbridge Provides $20MM Boart Longyear Facility

    Boart Longyear entered into a $20 million credit facility with Centerbridge Partners, its largest equity and debt investor.

    CIT Appoints Tufaro EVP, Chief Compliance Officer

    CIT Group appointed Paul Tufaro as executive vice president, chief compliance officer. Tufaro joins from Citigroup.

    Alpine Capital Closes ABL Revolver for North Shore Healthcare

    Alpine Capital closed a $5 million senior secured asset-based revolver for North Shore Healthcare, a Wisconsin-based group of skilled nursing facilities.