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Category: Credit


Capital and risk, Credit

JPMorgan Upsizes Ares Capital Facility to $2.1B

April 5, 2018

Via: ABF Journal

Ares Capital amended its senior secured credit facility, extending the expiration period of the $1.6 billion revolver and the maturity date of the loan to March 30, 2022 and increasing the size to $2.1 billion. According to a related 8-K […]


Activity, Capital and risk, Credit, Insurance

Alaska Law on Credit-Based Scoring Backed by Insurers Group

April 4, 2018

Via: Insurance Journal

A new credit-based scoring law brings Alaska into line with the rest of the nation, and the Property Casualty Insurers Association of America is applauding the state for that. Alaska Gov. Bill Walker and the Alaska Legislature approved HB 195, […]


Capital and risk, Credit

Wells Fargo Upsizes Power Solutions ABL Revolver to $75MM

March 30, 2018

Via: ABF Journal

Wells Fargo amended the existing asset based revolving credit facility of Power Solutions International, a designer, engineer and manufacturer of emissions-certified, alternative-fuel power systems. The amendment extends the maturity of the facility to March 31, 2021, subject to certain terms, […]


Capital and risk, Credit

JPMorgan Agents $700MM Facility for Iron Mountain

March 28, 2018

Via: ABF Journal

Iron Mountain, a storage and information management services company, closed on a $700 million syndicated term loan B facility, which matures in January 2026 and bears interest at LIBOR + 1.75%. The proceeds will be used to repay amounts outstanding […]


Capital and risk, Credit

BofA Launches SMB Loyalty Program to Help Grow Account Balances

March 27, 2018

Via: Bank Innovation

Bank of America is opening a loyalty program for its small business clients, with the focus on growing a client’s account balance through the presence of rewards. The program, which was announced by the bank yesterday, will allow SMBs with […]


Capital and risk, Credit

JPMorgan Amends Cedar Fair Credit Facility

March 15, 2018

Via: ABF Journal

Cedar Fair Entertainment amended the borrowing rate of its $735 million term loan B credit facility. According to a related 8-K filing, JPMorgan Chase Bank served as both administrative and collateral agent on the transaction. The overall borrowing rate was […]


Capital and risk, Credit

Credit expansion is the real cause of booms and busts

March 8, 2018

Via: Market Watch

CHICAGO (Project Syndicate) — Every major financial crisis leaves a unique footprint. Just as banking crises throughout the 19th and 20th centuries revealed the importance of financial-sector liquidity and lenders of last resort, the Great Depression underscored the necessity of […]


Capital and risk, Credit, Products, Retail banking

These are the 25 cities where people have the most credit card debt

March 6, 2018

Via: Market Watch

Credit card debt. It seems to be an inevitable part of life for many Americans. And, recent data suggests that it really is. According to the Federal Reserve, American credit card debt hit a record high in 2017, rising to […]


Capital and risk, Credit

JPMorgan Agents $2.9B Avis Budget Group Facility Extension

February 21, 2018

Via: ABF Journal

Avis Budget Group extended the term of its $1.8 billion senior revolving credit facility for an additional two years to 2023. The company also extended the maturity of its $1.1 billion term loan for an additional three years to 2025, […]


Capital and risk, Credit

States that voted for Trump more likely to have growing credit-card debt

February 14, 2018

Via: Market Watch

American households are falling deeper into debt, reaching another all-time high last year of more than $1 trillion in outstanding revolving credit — also known as credit-card debt. That’s a 6% jump from the year before and a 20% increase […]