TVA debt ceiling

TVA, by adding more than $900MM to its indebtedness, is fast-approaching its congressionally mandated debt ceiling. The TFP has it.

5/3rds new PE lending unit

Fifth Third Bancorp (Nasdaq: FITB) has formed a private-equity lending unit, Fifth Third Sponsor Leveraged Finance,to provide cash flow financings to PE clients, typically businesses with $10 million to $50 million in EBITDA. Release here.

Small-biz Bail-Out idea

Patriarch Partners Founder-CEO Lynn Tilton (left) brings her proposal for Rescue Loans for small- and medium-sized businesses to the National Press Club, where she'll participate in a Newsmaker briefing, this Thursday, Oct. 15. The Patriarch site is here. She wants to provide rescue loans to small and mid-sized enterprises, which she notes have had "no access to capital." Rescue loans, coupled with new efforts toward innovation, will turn the tide, she says. Either way, she says in a video interview, "It's going to be a long time" til normality returns. The site for her rescue proposal is here.

Gemino debt for Enduracare

Gemino Healthcare Finance, which is allied with Clayton Associates here, has provided $6.5MM in revolver and loan support for Enduracare Critical Care, Mobile, Ala.

Harbert in $7.75M raise

Harbert Venture Partners, with more than $15B under management, is raising $7.75 million, according to this SEC placement filing. Harbert Management Corp. is headquartered in Birmingham, with the Venture Partners group centered in Richmond. Nashville is home to Harbert's Mezzanine fund. Related story, TJS.