Wells Fargo Agents Genesis Energy Facility Upsize to $1.7B

April 29th, 2016
Genesis Energy announced an increase in total commitments under its senior secured credit facility to $1.7 billion (from $1.5 billion). Read the original here: Wells Fargo Agents Genesis Energy Facility Upsize to $1.7B
Posted under: Business businesses credit Inc

CIT Q1 Earnings Reflect Impact of OneWest Acquisition

April 28th, 2016
CIT Group reported Q1/16 net income of $147 million compared to net income of $104 million for the year-ago quarter, which reflects results prior to the acquisition of OneWest Bank. Income from continuing operations for Q1/16 was $152 million compared to $104 million in the year-ago quarter. “Since I recently became CEO and defined our strategy to become a leading national middle market bank, our team has been very focused on executing on our plan to improve returns as ...

Scott Shapiro Joins Crestmark as Regional First VP

April 27th, 2016
Scott Shapiro joined Crestmark as regional first vice president, business development officer for the West Division. Shapiro, who is based in Crestmark’s Los Angeles office, reports to Ray Morandell, senior vice president, national sales manager. Shapiro comes to Crestmark from Houston-based Briar Capital where he was senior vice president, business development officer for the Los Angeles market. See the original post: Scott Shapiro Joins Crestmark as Regional First VP

Maranon Capital Supports Riverside Company’s Momentum Group Buy

April 27th, 2016
Maranon Capital was agent for a mezzanine debt investment to support the purchase of Momentum Group by The Riverside Company. Maranon was also a co-investor in the equity for the transaction. Irvine, CA-based Momentum Group provides exclusive, design-focused sustainable textile products for diversified office, hospitality, healthcare and university end markets. Go here to see the original: Maranon Capital Supports Riverside Company’s Momentum Group Buy

MidCap Business Credit Closes $8MM ABL for MW Wholesaler

April 27th, 2016
MidCap Business Credit completed an $8 million asset based line of credit to an oil and lubricant wholesaler located in the Midwest. The revolver is supported by advances against accounts receivable and inventory. The opportunity was sourced out of MidCap’s Atlanta office. Originally posted here: MidCap Business Credit Closes $8MM ABL for MW Wholesaler

How American Businesses Can Win the War for Talented Workers

April 26th, 2016
Parag Khanna, author of Connectography , explains to Inc. editor James Ledbetter why a waning emphasis on infrastructure is making it harder for American businesses to compete in the global market. View original post here: How American Businesses Can Win the War for Talented Workers
Posted under: Business businesses Inc