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 ...

ING Upsizes Scorpio Tankers Facility to $132.5MM

April 28th, 2016
Scorpio Tankers amended and restated its credit facility with ING bank , increasing the borrowing capacity from $87 million to $132.5 million. The proceeds from the upsizing were utilized to partially finance the purchase of STI Lombard and refinance the existing indebtedness on STI Osceola. The facility bears interest at LIBOR plus a margin of 1.95% per annum Read more: ING Upsizes Scorpio Tankers Facility to $132.5MM

Oxford Finance Supports Diversis Capital Acquisition

April 26th, 2016
Oxford Finance closed a senior credit facility with Diversis Capital, a private equity firm focused on acquiring and growing small- and middle-market companies. Oxford was the sole lender and administrative agent for this transaction. Funds were used to acquire Caligor Rx, a provider of comparator drugs for clinical trials Original post: Oxford Finance Supports Diversis Capital Acquisition

GE Closes Sale of Franchise Finance U.S. Hotel Business

April 26th, 2016
GE completed the previously announced sale of GE Capital’ s Franchise Finance U.S. hotel business to Western Alliance Bank, a wholly owned subsidiary of Western Alliance Bancorporation . The sale includes approximately $1.3 billion in ending net investment (ENI) and the majority of the hotel business employees. See original here: GE Closes Sale of Franchise Finance U.S. Hotel Business

CIT: 55% of Healthcare Executives Expecting to Seek Financing

April 26th, 2016
According to an exclusive study,“ 2016 Middle Market Healthcare Outlook ” released by  CIT Group , healthcare executives maintain a relatively positive outlook for 2016, with 71% indicating that they expect their revenues to increase this year and more than half (55%) expecting to seek financing in the next 12 months. The study was conducted online by the Harris Poll on behalf of CIT among 164 healthcare executives. “The majority of the surveyed healthcare executives remain optimistic, expecting similar ...

CFA 40 Under 40 Awards

April 22nd, 2016
Loading Map.... Waldorf Astoria 301 Park Ave - New York Details 40.7565712 -73.9736421 Date/Time Sep 22, 2016 All Day Location Waldorf Astoria Category(ies) Commercial Finance Association Rudy Giuliani will the be keynote speaker at the event Read more: CFA 40 Under 40 Awards
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