Marathon Asset Management and Webster Bank Provide Senior Secured Financing for the Acquisition of PK Companies
Webster Financial Corporation (WBS)
Last webster financial corporation earnings: 4/21 07:30 am
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US:NYSE Investor Relations:
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Marathon Asset Management (“Marathon”), a leading global credit manager with more than $23 billion of Assets Under Management, and Webster Bank, N.A. (“Webster Bank”), a leading commercial bank in the Northeast with $76 billion in total assets, are pleased to announce the closing of a senior-secured financing to PK Companies Group, LLC (“PK”) to help facilitate the acquisition by DC Capital Partners Management, LP (“DC Capital”). PK’s founders reinvested equity in conjunction with this transaction.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241017029314/en/Founded in 2004, PK specializes in non-discretionary, regulatory driven specialty inspections, repair and maintenance, and safety services in support of industrial and heavy commercial facilities across the U.S. In addition to offering coatings, fireproofing, and soft-craft services, PK maintains a growing portfolio of technology-enabled
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WBS
News
- Webster Financial Co. (NYSE: WBS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Webster Lowers Prime Lending Rate to 7.75 PercentBusiness Wire
- Webster Financial Co. (NYSE: WBS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Webster Financial (NYSE:WBS) Will Pay A Dividend Of $0.40 [Yahoo! Finance]Yahoo! Finance
- Webster Financial declares $0.40 dividend [Seeking Alpha]Seeking Alpha
WBS
Earnings
- 10/17/24 - Miss
WBS
Sec Filings
- 11/20/24 - Form 144
- 11/20/24 - Form 4
- 11/19/24 - Form 4
- WBS's page on the SEC website