JPMorgan, Wells Lead New $200MM Facility for Drew Industries

April 28th, 2016
Drew Industries, a supplier of components for the recreational vehicle and adjacent industries, has replaced its existing $100 million credit facility with a new five-year $200 million revolving credit facility. The company had no borrowings under the prior facility at the closing of the refinancing. Read the original: JPMorgan, Wells Lead New $200MM Facility for Drew Industries

Citizens Bank Provides $15MM Resolver to Lytron

April 28th, 2016
Citizens Commercial Banking has provided Woburn, MA-based Lytron with a new $15 million revolving line of credit. Lytron will use the funds to refinance existing debt and for general corporate purposes Continue reading here: Citizens Bank Provides $15MM Resolver to Lytron

Siena Closes $15MM Rotorcraft Leasing Facility

April 28th, 2016
Siena Lending Group completed a $15 million credit facility for Rotorcraft Leasing Company to refinance its existing senior debt and to support its working capital needs. Rotorcraft is an investment of Bain Capital Credit, formerly known as Sankaty Advisors. Headquartered in Broussard, LA, Rotorcraft provides helicopter transportation of personnel, parts and equipment to and from offshore platforms and rigs for customers primarily engaged in oil and gas production in the shallow waters of the Gulf of Mexico. See the ...

Former GE Capital Top Performer Joins CapitalSource

April 28th, 2016
Brett Hewitt joined CapitalSource’s Corporate Asset Finance team as a senior vice president of originations. View original post here: Former GE Capital Top Performer Joins CapitalSource

KeyBank, MUFG Upsize Horizon Technology Finance Facility to $95MM

April 28th, 2016
Horizon Technology Finance has increased its syndicated revolving credit facility to $95 million, led by KeyBank . MUFG Union Bank, a new lender, committed $25 million. The facility has an accordion feature, which allows for an increase in the total loan commitment to $150 million Read this article: KeyBank, MUFG Upsize Horizon Technology Finance Facility to $95MM

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 ...