PennantPark Investment Corporation announced that it has completed all the necessary amendments to its multi-currency, senior secured revolving credit facility with certain lenders and SunTrust Bank acting as administrative agent (the “Credit...
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September 10, 2019, 08:35 AM
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WaterBridge Holdings LLC announced the closing of significant transactions that provide additional expansion capital and operational scale in the Southern Delaware Basin. WaterBridge's $1.0 billion Term Loan B is priced at L+575 / 97.5 OID and...
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June 28, 2019, 08:30 AM
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Installed Building Products, Inc., an installer of insulation products, announced that the company has successfully refinanced its borrowings under its existing Term Loan and Delayed Draw Term Loan facilities, and closed its previously announced $300...
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April 17, 2017, 07:16 AM
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On April 18, 2016, Ares Capital Corporation entered into an agreement to amend and restate its senior secured revolving credit facility (as amended and restated, the “A&R Revolving Credit Facility”). The A&R Revolving Credit Facility, among other...
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April 21, 2016, 07:43 AM
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IronPlanet, a leading online marketplace for buying and selling used heavy equipment and trucks, has closed a new $55 million senior secured credit facility. The new facility repays a prior senior secured loan and provides additional capital for...
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September 18, 2015, 08:01 AM
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According to a SunTrust Banks, Inc. survey, more than 17 percent of businesses plan to enter or expand into new international markets within the next five years. For many small and mid-market companies, global trade could lead to increased profits...
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August 10, 2015, 07:58 AM
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Lighthouse Financial Corp. announced Todd Miller has been promoted to Vice President. In this position, he will continue his duties as a Senior Account Executive managing a portfolio of asset-based lending transactions. In addition, Miller will...
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July 08, 2015, 07:19 AM
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Heidrick & Struggles International closed a Second Amended and Restated Credit Agreement on June 30, 2015. Four banks participated in the agreement, led by JP Morgan Chase Bank, N.A., as administrative agent, and Bank of America, N.A. as Syndication...
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July 02, 2015, 07:23 AM
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Sirius XM Holdings Inc. announced that its subsidiary, Sirius XM Radio Inc., has entered into an amendment to its existing senior secured revolving credit facility with a syndicate of banks and other financial institutions to increase total...
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June 17, 2015, 07:53 AM
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Focus Financial Partners, LLC has increased its credit facility from $550 million to $1 billion to support its continued growth. The credit facility is supported by a consortium of leading financial institutions, including Bank of America, SunTrust...
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June 08, 2015, 07:21 AM
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Bloomberg reported SunTrust, Apollo Global Management and Ares Management are weighing offers for a General Electric unit that lends to private-equity firms, people familiar with the matter said.Bloomberg reports that concern over possible staff...
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April 27, 2015, 07:21 AM
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CAN Capital, a leading player in alternative small business finance, announced today that it secured a $650 million credit facility from a dozen leading lenders. Led by Wells Fargo Capital Finance, the transaction includes new commitments from Morgan...
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April 03, 2015, 07:44 AM
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Ares Capital Corporation amended and extended its senior secured revolving credit facility with 20 banks, including 19 existing lenders and one new lender. Lenders include SunTrust Bank, Bank of America and Merrill Lynch. JPMorgan Chase agented the...
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March 31, 2015, 08:02 AM
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Farmer Bros. Co. has entered into a new five-year $75 million senior secured revolving credit facility led by JPMorgan Chase Bank, N.A., as administrative agent, and SunTrust Bank, as syndication agent, to replace the company's existing $75 million...
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March 06, 2015, 07:57 AM
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SunTrust Robinson Humphrey (STRH) announced the alignment of its Technology, Media & Telecom (TMT) Investment Banking Industry Practice Group. The TMT group will leverage market leading industry insight, capital markets expertise and cross sub-sector...
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March 04, 2015, 07:51 AM
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USA Truck, Inc., a leading North American transportation and logistics provider, has completed a $170 million senior secured revolving credit facility with a group of banks and Bank of America Merrill Lynch as agent. The facility also includes an...
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February 06, 2015, 07:44 AM
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MSX International (MSXI), a leading global business process outsourcing company, completed the refinancing of its outstanding debt and raised $260 million of senior secured credit facilities in a syndicated financing led by RBC Capital Markets and...
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August 25, 2014, 07:58 AM
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Quad/Graphics, Inc., announced today that it has completed its previously announced $1.9 billion debt financing that includes refinancing, extending and expanding its $1.6 billion senior secured credit facility consisting of a five-year $850 million...
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April 29, 2014, 07:44 AM
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Business owners and top decision-makers are more optimistic about their own businesses in 2014 than they are about the overall U.S. economy, according to an annual survey sponsored by SunTrust Banks, Inc. Sixty-five percent of leaders in companies...
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April 25, 2014, 07:18 AM
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Extreme Reach, Inc., has completed its acquisition of the TV business of Digital Generation, Inc. for $485 million in cash. The combined company has revenues of $270 million and over 750 employees.
The acquisition was financed by a combination of...
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February 11, 2014, 07:09 AM
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SunTrust Robinson Humphrey (STRH) announced the addition of a key industry veteran to its Charlotte-based Mid-Atlantic Corporate Banking team. Ken Harris has joined STRH as a managing director after more than 35 years with Wells Fargo and Wachovia....
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January 28, 2014, 07:00 AM
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M.D.C. Holdings, Inc. entered into a new five-year $450 million unsecured revolving credit facility. The new facility permits an increase in the maximum commitment amount to as much as $1 billion, subject to receipt of additional commitments from...
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December 17, 2013, 07:29 AM
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Crawford & Company announced the execution of an amended five-year, $400 million senior secured revolving credit facility with a syndicate of banks led by Wells Fargo Securities, LLC, and Bank of America Merrill Lynch as joint lead arrangers and...
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November 26, 2013, 01:02 PM
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HEICO Corporation increased its $670 million revolving credit facility to an aggregate potential future capacity of $1 billion and that it also extended the facility by an additional year until December 2018. Under the amendment, $800 million of the...
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November 26, 2013, 11:10 AM
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SunTrust Robinson Humphrey (STRH) is establishing corporate banking offices in Dallas, San Francisco and Chicago to enhance its ability to deliver a comprehensive suite of banking solutions to middle-market businesses and corporate clients in those...
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November 05, 2013, 07:39 AM
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The Providence Service Corporation has refinanced its existing credit facility with an amended and restated senior secured credit facility in an aggregate principal amount of $225 million. The debt financing was led by Bank of America, N.A. and...
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August 06, 2013, 07:26 AM
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BioScrip, Inc. has entered into (i) a senior secured first-lien revolving credit facility in an aggregate principal amount of $75.0 million (the "Revolving Credit Facility"), (ii) a senior secured first-lien term loan B in an aggregate principal...
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August 01, 2013, 08:03 AM
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Alliance Data Systems Corporation, a leading provider of loyalty and marketing solutions derived from transaction-rich data, announced that the company completed a new $2.285 billion credit facility.The new facility consists of a $1,142.5 million...
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July 16, 2013, 07:13 AM
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Allscripts announced it has closed its new senior secured credit facilities and completed other previously announced capital structure initiatives.
Allscripts recent capital structure initiatives provide the company with improved capital efficiency...
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July 03, 2013, 07:28 AM
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Innotrac Corporation successfully refinanced and expanded its senior credit facility with SunTrust Bank. Innotrac plans to use the increased availability to fund its market expansion and growth in the U.S. The new 3 year, $25 million credit...
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June 14, 2013, 07:00 AM
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School Specialty, Inc. announced it has completed its financial restructuring and has officially emerged from its Chapter 11 reorganization. In conjunction with its emergence, School Specialty has a new, fully committed $175 million asset based...
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June 12, 2013, 08:05 AM
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Bloomberg reported the biggest U.S. banks including JPMorgan Chase & Co. and Citigroup Inc. are lending the smallest portion of their deposits in five years.
The reports cites data compiled by Credit Suisse Group AG which shows the average...
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February 21, 2013, 08:04 AM
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U.S. banks holding large levels of nonperforming assets (NPAs) on their balance sheets are likely to pursue more bulk sales of distressed loans this year and next, according to Fitch Ratings. Four years after non-accruals began to spike during the...
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February 13, 2013, 07:19 AM
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International Speedway amended and restated its $300 million revolving credit facility provided by multiple lenders. The amendment provides better terms and extends the final maturity of the facility from November 2015 to November 2017. The facility...
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November 19, 2012, 07:32 AM
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