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

Want to Achieve More? Do What’s ‘Simple’

April 28th, 2016
In the words of Leonardo da Vinci, "Simplicity is the ultimate sophistication." Continued here: Want to Achieve More? Do What's 'Simple'
Posted under: Business Inc

Comcast increases its data cap to 1,000 GB

April 28th, 2016
Comcast has increased its data cap to 1 terabyte, up from 300 GB. Continue reading here: Comcast increases its data cap to 1,000 GB
Posted under: Business Inc

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 ...

RBC Agents Martin Midstream $664MM Revolver Amendment

April 28th, 2016
Martin Midstream Partners s amended its $664 million revolving credit facility, extending the agreement to March 2020. The Royal Bank of Canada was administrative agent for the transaction See original here: RBC Agents Martin Midstream $664MM Revolver Amendment
Posted under: Business credit Inc lending