Banner Bank hired Gregg Marsicano as senior vice president, ABL manager. Previously, Marsicano served as SVP, BDO for Wells Fargo in the northwestern region of the U.S.
Porter Capital announced that Steven R. Bellah joined the company as senior vice president and national sales manager. The 20-plus year commercial finance veteran has held various executive positions with Wells Fargo and GE Capital, among others.
Healthcare Finance Group provided a $15 million revolver to InterDent, a provider practice management services to affiliated multi-specialty group dental practices. Proceeds provide capital for ongoing operations.
CIT Real Estate Finance provided a $33.3 million senior secured loan to Spirit Bascom Ventures, a joint venture between New York-based Spirit Investment Partners and the Irvine, CA-based Bascom Group.
American Vanguard entered into an amended and restated credit facility to support the global growth of its businesses. The Bank of the West-led lending group includes BMO Harris, Wells Fargo, Union Bank, Agstar Financial Services and Greenstone Farm Credit Services.
Rockwell Medical, a biopharmaceutical company, announced today that it closed a $20 million debt financing with Hercules Technology Growth Capital.
The recent rise in U.S. Treasury yields and speculation surrounding possible changes in the Fed’s bond buying program have highlighted the potential risks faced by U.S. banks in a rising rate environment, according to Fitch Ratings.
Crystal Financial announced the closing of a $57.1 million senior term loan for The Robbins Company, a developer and manufacturer of underground construction equipment.
Orthotic and prosthetic distributor Hanger announced the signing of a new credit agreement that increases its senior secured facilities to $425 million from $400 million. BofA Merrill Lynch and Wells Fargo served as joint lead arrangers on the transaction.
The Wall Street Journal reported that UK prosecutors are likely to file LIBOR manipulation charges against former UBS and Citigroup trader Tom Hayes for allegedly trying to manipulate benchmark interest rates.