O’Donnell Joins Alvarez & Marsal as Managing Director

April 29th, 2016
Alvarez & Marsal (A&M) bolstered its Executive Compensation and Benefits practice with the addition of George F. Read the original post: O’Donnell Joins Alvarez & Marsal as Managing Director

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
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Chapter 11 for American Idol; Core Entertainment Owes Crestview $398MM

April 29th, 2016
The Wall Street Journal reported that Core Entertainment, the owner and producer of American Idol, has filed for Chapter 11 protection . Read more: Chapter 11 for American Idol; Core Entertainment Owes Crestview $398MM

Encompass Appoints Sharp as ABL Industry Advisor

April 29th, 2016
Encompass  appointed former CEO of the Asset Based Finance Association (ABFA), Kate Sharp, as an industry advisor. Sharp will be responsible for supporting and accelerating the company’s growth as a supplier of innovative visual analytics technology to the UK’s asset based lending, factoring and invoice discounting industries. Sharp served as CEO of the Asset Based Finance Association from 2003 to 2014. Read more: Encompass Appoints Sharp as ABL Industry Advisor

GMA Funding Names Rothman CEO of GMA Factor’s Operating Units

April 29th, 2016
GMA Funding, a provider of factoring and alternative commercial finance services, announced the board of directors selected James Rothman as CEO of GMA Factor and its operating units GMA USA and CoreFund Capital . Rothman will be joining GMA and its family of companies to grow it into a multi-dimensional lender with assets in asset-based lending, factoring, merchant funding, real estate finance, lender finance, as well as the proprietary loan servicing platforms developed by the group. “While ABL and ...

Wells Fargo Leads VOXX $155MM Refi

April 28th, 2016
VOXX International has entered into an amended $140 million credit facility with a $15 million sublimit for letters of credit and the right to increase the maximum revolver amount to $175 million. Wells Fargo is the lead bank, with Key Bank, Citibank and HSBC USA participating in this combined $155 million refinancing. Pat Lavelle, president and CEO of VOXX International said, “This new financing increases our borrowing capacity and extends our debt maturities, providing us with sufficient resources to ...