BOSTON, MA – July 27, 2015 – Gordon Brothers-AccuVal, the valuation division of Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, announced today that Conrad Lauten has joined as Director, Business Development serving Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee and Virginia. Mr. Lauten will be based in Atlanta, Georgia.
Bank of America Merrill Lynch today announced that it is serving as administrative and collateral agent for an $80 million asset-based revolver to Ice Mobility. The proceeds refinanced and increased a prior facility, and will be used to support the company’s growth.
PITTSBURGH, July 30, 2015 (GLOBE NEWSWIRE) -- First Niagara Commercial Finance, the asset-based lending arm of First Niagara Financial Group (Nasdaq:FNFG), today announced that it closed on a $43.5 million financing package to help Pennsylvania-based U.S. Corrugated, Inc. expand its operations and open a new, state-of-the-art corrugated box plant in California. U.S. Corrugated manufactures and markets corrugated packaging products.
Siena Lending Group LLC (Siena) announces the completion of a $7.25 million revolving and term loan facility for Don Rose Oil Company ("DRO"). The facility was used to refinance the existing lender as well as providing additional liquidity for working capital needs.
Headquartered in Visalia, CA and established in 1972, DRO is a distributor of gasoline, diesel and propane in the San Joaquin Valley of California.
Leverage Levels on Middle Market Institutional Deals Remain Aggressive in 2013: Thomson Reuters LPC; Middle Market Deal Volume Continues to be Light Relative to Investors' Voracious Appetite for Paper Resulting in Continued Structural Deterioration