Revolving credit facilities remained a critical tool for companies, with overall robust recoveries for both asset-backed loans (ABL) and cash flow revolvers, according to a new Fitch Ratings report."The pandemic fostered increased revolving credit...
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July 23, 2021, 08:08 AM
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Landmark Infrastructure Partners LP announced that it has obtained commitments from a syndicate of banks for an amended and restated five-year revolving credit facility with initial borrowing commitments of no less than $450.0 million. The New...
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November 07, 2018, 08:04 AM
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General Motors Co. announced the execution of an unsecured $16.5 billion revolving credit facility that amends and extends GM’s existing $14.5 billion revolving credit facility and establishes a new $2.0 billion 364-day facility.The renewed facility...
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April 23, 2018, 07:50 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $23 million senior secured credit facility to Tejas Tubular Products, Inc. and certain of its affiliates (Tejas).
The financing, which is comprised of a revolving line of credit and...
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September 14, 2017, 07:16 AM
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Bank of America Business Capital has provided an asset-based revolving credit facility to Thalheimer Brothers, LLC. Proceeds will be used to refinance existing debt and to provide ongoing working capital financing to support their short- and...
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August 09, 2017, 07:14 AM
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Siena Lending Group LLC announced the completion of a three-year $30 million asset-based revolving credit facility for New Day Aluminum LLC to repay certain indebtedness and to provide working capital for its Gramercy, LA subsidiary, Noranda Alumina....
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February 28, 2017, 06:00 AM
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W. P. Carey Inc. entered into a third amended and restated credit agreement, by and among W. P. Carey, as borrower, the Guarantors from time to time party thereto, the Lenders from time to time party thereto, Bank of America, N.A., as Administrative...
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February 24, 2017, 07:42 AM
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Reuters exclusively reported that alternative lenders are expected to take a larger share of leveraged lending from banks in the next two years as the non-bank lenders step in to help refinance the first wall of revolving debt to come due since...
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June 27, 2016, 07:53 AM
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The UK's IBEX Global Solutions PLC has increased and expanded its existing revolving credit finance facility with PNC Bank, National Association.IBEX, which provides contact center services and other business process outsourcing, said the amendment...
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July 27, 2015, 07:38 AM
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CapitalSource announced it has provided a $56.1 million credit facility to Welcov Healthcare to refinance existing debt and provide growth capital to Welcov. The credit facility includes a senior term loan, cash flow term loan and a revolving credit...
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July 09, 2015, 08:03 AM
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Sabine Oil & Gas Corporation announced that on June 30, 2015, it signed an amendment to its previously announced forbearance agreement with the lenders under its revolving credit facility. The amended forbearance agreement will provide the company...
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July 02, 2015, 07:27 AM
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Santa Monica, CA-based WWE Studios has closed on a revolving credit facility worth $35 million with Bank of America Merrill Lynch. The deal comes after a multi-year successful run by the production company.With this new arrangement, WWE Studios...
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May 18, 2015, 07:17 AM
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Bridge Bank announced that its Capital Finance Banking team has amended its revolving credit facility with Sysorex, a leading provider of Big Data software analytics and infrastructure solutions, to increase the credit limit from $6 million to $10...
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May 08, 2015, 07:53 AM
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G&K Services, Inc. announced the successful refinancing of its unsecured revolving credit facility. The new five-year, $350 million revolving credit facility replaces the company’s existing $250 million revolving credit facility, which was scheduled...
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April 16, 2015, 07:58 AM
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PNC Bank, N.A., a member of The PNC Financial Services Group, announced the closing of $25 million in senior secured revolving credit for paper manufacturer Appleton Coated, LLC. Based in Combined Locks, Wisconsin, the funds are being used as ongoing...
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April 07, 2015, 07:45 AM
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Townsquare Media, Inc. announced the closing of an offering of $300 million in aggregate principal amount of its 6.500% senior notes due 2023. The company today also announced it has entered into a new $325 million senior secured credit facility...
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April 02, 2015, 06:53 AM
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Skyline Corporation announced that the company and certain of its wholly-owned subsidiaries have entered into a Loan and Security Agreement with First Business Capital Corp. providing for a renewable three-year secured revolving credit facility. ...
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March 27, 2015, 07:25 AM
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TAB Bank announced it has provided a $2 million revolving credit facility for an IT staffing company located in the Northeast. The company specializes in all areas of IT Solutions, IS Security, IT Staffing, and Integrated Business Solutions. They...
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February 19, 2015, 07:39 AM
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NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced it has provided a $6 million revolving credit facility to RTA Furniture Distributors, Inc., a leading value-priced retailer of furniture and cabinetry....
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January 22, 2015, 07:36 AM
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Fifth Street Senior Floating Rate Corp., an affiliate of Fifth Street Asset Management Inc., announced the closing of a $175 million senior secured revolving credit facility with Citibank, N.A. The facility has a three-year reinvestment period and a...
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January 21, 2015, 07:52 AM
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Siena Lending Group LLC (‘Siena”) announced the completion of a $3.0 million revolving credit facility for The Smedley Company (“Smedley”). The facility was used to refinance Smedley’s existing credit facility and will be used for working capital...
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January 12, 2015, 07:53 AM
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G.C. Andersen Partners, a New York-based investment bank, announced the closing of a $109.1 million financing for Acme Lift Co., the world's largest wholesale rental company. The financing was structured with an $85 million Senior Revolving Credit...
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January 07, 2015, 07:55 AM
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Siena Lending Group announced the completion of a $6 million revolving and term loan facility for Lincoln Paper and Tissue, LLC. The facility was used to fund a capital expenditure project that was time sensitive and critical for the business as well...
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January 06, 2015, 07:27 AM
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Barrett Business Services, Inc., a leading provider of business management solutions, has finalized its agreement for its new credit facility with Wells Fargo, its principal bank. The principal terms of the facility are unchanged since BBSI reached...
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December 31, 2014, 07:00 AM
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Laboratory Corporation of America has amended and restated its existing senior revolving credit facility in the principal amount of $1 billion and entered into a five-year term loan credit facility in the principal amount of $1 billion, according to...
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December 30, 2014, 07:19 AM
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NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced it has provided a $13.5 million revolving credit facility to Asheboro Elastics Corp. (“AEC”). Headquartered in Asheboro, NC, AEC is a privately-held...
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December 17, 2014, 07:59 AM
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Methanex Corporation has renewed its $400 million revolving credit facility with a syndicate of banks. The renewed facility expires in December 2019 and replaces the company's existing revolving facility, which would have expired in December 2016....
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December 12, 2014, 07:49 AM
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NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced that it has provided a $12 million revolving credit facility to Soft Air USA, Inc. (“Soft Air”). Founded in 1987 as a marketing company for entertainment and...
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December 10, 2014, 07:54 AM
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Sportsman's Warehouse Holdings, Inc. completed the refinancing of its existing $235 million senior secured term loans at a lower interest rate and has increased the borrowing capacity under the terms of its revolving credit facility. Sportsman's...
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December 05, 2014, 07:51 AM
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Reading International announced today the signing of a new $55 million credit facility with Bank of America. On Nov. 28, the company refinanced its existing $35.0 million term loan with Bank of America The new $55 million revolving credit facility...
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December 03, 2014, 07:22 AM
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Corporate Capital Trust, a business development company that offers individuals the opportunity to invest in the debt of privately owned American companies, has increased its lending capacity through its senior secured revolving credit facility from...
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December 02, 2014, 07:18 AM
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Sierra Income Corporation announced the closing of an additional $25 million of commitments to its senior secured revolving credit facility. The credit facility was arranged and led by ING Capital LLC . One additional lender joined the lending group...
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November 26, 2014, 07:35 AM
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The Ryland Group, Inc. entered into a $300 million unsecured revolving credit facility. The facility, which matures in 2018, has an accordion feature under which the aggregate commitment may be increased up to $450 million, subject to availability of...
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November 24, 2014, 07:23 AM
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Healthcare Trust of America, Inc. announced it had closed a new $1.1 billion senior unsecured credit facility consisting of a $800 million, five-year revolving credit facility and a $300 million term loan. The credit facility refinances the existing...
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November 21, 2014, 07:07 AM
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Webster Business Credit Corporation has provided ADI American Distributors, Inc. ("ADI") with a $14MM credit facility consisting of a revolving credit, term loan and CAPEX line which was used to refinance existing debt and provide working capital for...
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November 05, 2014, 07:17 AM
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A major RadioShack Corp. lender is attempting to buy a bigger part of the electronic retailer's debt in exchange for backing the company's store-closing plan, Bloomberg reported, citing people familiar with the matter.Salus Capital Partners LLC is...
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October 31, 2014, 07:36 AM
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TICC Capital Corp. announced TICC Funding, a special purpose vehicle and wholly-owned subsidiary of TICC Capital Corp., entered into a revolving credit facility with Citibank, N.A. The company also announced that it used part of the proceeds from the...
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October 29, 2014, 07:07 AM
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Sensient Technologies Corporation has completed a new $450 million revolving credit facility, with nine banks participating in the transaction. The facility, comprised of a five year, $350 million revolver and a $100 million term loan will be used to...
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October 27, 2014, 07:42 AM
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Magnum Hunter Resources Corporation announced it has closed on two new credit facilities and completely refinanced its prior revolving credit facility. Credit Suisse Securities (USA) LLC and BMO Capital Markets acted as joint lead arrangers for the...
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October 23, 2014, 07:25 AM
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Pebblebrook Hotel Trust has successfully amended and restated its senior unsecured revolving credit facility. The amended credit facility has been increased to $600 million and is composed of a $300 million unsecured revolving credit facility, an...
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October 20, 2014, 07:26 AM
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BMO Harris Bank’s Asset Based Lending group, a leading provider of middle-market asset based finance solutions, announced it acted as sole revolving lender of a $25 million senior secured revolving credit facility in support of Imperial Plastics, Inc...
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October 17, 2014, 07:51 AM
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GE Energy Financial Services has arranged a senior secured revolving credit facility for All American Oil & Gas, Inc. to refinance debt and fund reserve development in the Bakersfield, California, Kern River Oil Field. The $200 million facility --...
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October 16, 2014, 07:27 AM
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Gunvor Group Ltd announced the launch of the syndication of a US$900 million revolving credit facility in favor of Gunvor International B.V. and Gunvor SA (the "Borrowers"). The facility will replace the maturing tranche of the Borrower's revolving...
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October 13, 2014, 07:27 AM
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Stage Stores, Inc. entered into an amended and restated $350 million senior secured revolving credit facility (the “Credit Facility”) that will mature on October 06, 2019. The Credit Facility replaces the Company’s former $250 million senior secured...
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October 07, 2014, 07:53 AM
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BMO Harris Bank’s Asset Based Lending group, a leading provider of middle-market asset based finance solutions, announced it acted as sole lender for a $25 million senior secured revolving credit facility to MFRI, Inc. MFRI, Inc. designs...
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October 03, 2014, 07:23 AM
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RealPage, a leading provider of on-demand software and software-enabled services to the rental housing industry, has entered into a new revolving credit facility. The credit replaces the company’s existing revolving credit facility, expands borrowing...
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October 02, 2014, 08:06 AM
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FirstMerit Bank Business Credit announced the closing of two recent asset-based loans. FirstMerit Bank Business Credit announced it closed a new $10 million revolving credit loan and term loan facility to Motor Castings Company on August 1, 2014. ...
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October 01, 2014, 07:29 AM
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SUPERVALU INC. announced it has successfully completed the amendment and extension of its existing $1.0 billion asset-based revolving credit facility (the “Revolving ABL Facility”), which is secured by the company’s inventory, credit card, wholesale...
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October 01, 2014, 06:41 AM
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Pioneer Energy Services has amended its existing revolving credit facility. The new agreement provides Pioneer with a $350 million, five-year, senior secured revolving credit facility, which represents an increase of $100 million in total potential...
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September 23, 2014, 07:26 AM
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MusclePharm Corporation, a scientifically driven, performance-lifestyle sports nutrition company, announced that the company entered into a revolving credit facility with ANB Bank for up to $8.0 million."We are pleased to have secured this credit...
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September 18, 2014, 05:45 AM
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ENGlobal, a leading provider of engineering and automation services, announced that it has closed on a new three-year secured revolving credit facility with Regions Bank. The Regions facility allows the company to borrow up to $10 million pursuant to...
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September 17, 2014, 07:12 AM
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Bank of America Merrill Lynch has agented and arranged a $125 million senior secured revolving credit facility for Brake Parts Inc LLC (“BPI”). In addition, Bank of America Merrill Lynch has arranged a $30 million senior term loan for BPI via a...
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September 11, 2014, 07:04 AM
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Siena Lending Group announced the completion of a three-year $10 million senior secured revolving credit facility as part of a $25 million refinancing for Horizon Coach Lines (“HCL”). The financing was completed in conjunction with a capital lease...
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September 10, 2014, 07:51 AM
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Cloud Peak Energy Inc. has amended its $500 million revolving credit facility to relax certain financial covenants, including the net secured debt leverage ratio and interest coverage ratio.Michael Barrett, Executive Vice President and Chief...
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September 08, 2014, 07:11 AM
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Swisher Hygiene Inc. has closed on a $20 million revolving credit facility with Siena Lending Group LLC. Interest on borrowings under the credit facility will accrue at the Base Rate plus 2.00%. Base Rate is defined as the greater of (1) the Prime...
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September 03, 2014, 07:41 AM
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KPS Capital Partners announced its portfolio company Expera Specialty Solutions, LLC has completed a successful recapitalization. Expera raised $270 million of financing, including a $75 million cash flow revolving credit facility and a $195 million...
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September 03, 2014, 07:17 AM
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Hallador Energy Company announced its wholly owned subsidiary, Sunrise Coal LLC, closed the acquisition of Vectren Fuels. As previously announced on July 1, 2014, an agreement was reached on the sale. A company press release notes the purchase price...
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September 02, 2014, 07:28 AM
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EnPro Industries, Inc. has amended and restated its senior secured revolving credit facility to provide for a five-year, senior secured revolving credit facility of $300.0 million (the “Revolving Credit Facility”). Borrowing availability under the...
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August 29, 2014, 07:46 AM
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Atlas Pipeline Partners, L.P. announced the Partnership has successfully amended its revolving credit facility, significantly increasing the Partnership's borrowing capacity, extending the term of the facility, and lowering borrowing costs. The new...
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August 29, 2014, 07:28 AM
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CapitalSource, a division of Pacific Western Bank, provided an additional loan facility to Evolve IP. Serving again as administrative agent and lead arranger, CapitalSource upsized the existing Evolve IP facility by $14.7 million to $42.2...
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August 25, 2014, 07:44 AM
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Sierra Income Corporation (“Sierra” or the “Company”) announced the closing of an additional $30 million of commitments to its senior secured revolving credit facility. The credit facility was arranged and led by ING Capital LLC. Key Equipment...
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August 25, 2014, 07:33 AM
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ENSERVCO Corporation, a provider of well-site services to the domestic onshore conventional and unconventional oil and gas industries, announced it has received approval from PNC Business Credit for a five-year, $40 million revolving credit facility...
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August 05, 2014, 07:47 AM
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Tribune Media Company has completed its spin-off of Tribune Publishing Company. Tribune Publishing Company has now been separated from Tribune Media Company, and its common stock is expected to begin regular-way trading on the New York Stock Exchange...
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August 05, 2014, 07:14 AM
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Bank of America Business Capital (BABC) has completed a senior secured revolving credit facility for Marco Polo International, Inc., to refinance the company’s existing debt and provide ongoing working capital financing. “Marco Polo is pleased to...
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July 30, 2014, 07:47 AM
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Hill International, a leader in managing construction risk, announced that it has received a commitment from Société Générale to provide a refinancing of the company's existing senior debt facilities. This transaction, which is being arranged by...
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July 28, 2014, 07:24 AM
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Westlake Chemical Corporation announced the completion of a third amendment and restatement of its $400 million revolving credit agreement, thereby extending the maturity to 2019, reducing interest costs, and increasing financial...
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July 18, 2014, 07:21 AM
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NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., has provided a $9 million revolving credit facility to SureSource LLC. Headquartered in Shelton, CT, SureSource is a leading provider of direct-to-consumer e-commerce...
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July 16, 2014, 07:39 AM
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Calumet Specialty Products Partners, L.P. announced the successful completion of an amendment and restatement of its revolving credit agreement. The amended agreement, which is comprised of a syndicate of banks with commitments of $1.0 billion...
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July 15, 2014, 07:46 AM
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Abercrombie & Fitch Co. announced that it has initiated a process to refinance its existing credit facilities. The existing credit facilities consist of a $350 million unsecured revolving credit facility maturing July 27, 2016 and a $150 million...
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July 15, 2014, 07:23 AM
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National CineMedia, LLC and National CineMedia, Inc., the managing member and owner of 45.8% of NCM LLC, announced today that NCM LLC has amended its senior secured credit facility and that NCM, Inc. has obtained commitments to finance its merger...
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July 07, 2014, 07:22 AM
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Cross Country Healthcare, Inc. announced the completion of its acquisition of substantially all of the assets and certain liabilities of Medical Staffing Network (“MSN”), a comprehensive healthcare staffing company with 55 locations throughout the...
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July 01, 2014, 07:16 AM
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Siena Lending Group announced the completion of a three year, $5 million senior secured revolving credit facility for Vibrant Health. The facility will be used for working capital needs as Vibrant Health continues on its strong path of growth....
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June 26, 2014, 07:23 AM
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Olin Corporation announced has entered into new $415 million five-year senior credit facilities consisting of a revolving credit facility that replaces its $265 million senior revolving credit facility and a delayed-draw term loan facility that will...
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June 26, 2014, 07:14 AM
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Primo Water Corporation has entered into a new $35 million credit facility with Prudential Insurance Company of America and its affiliates.The new credit facility provides up to $35 million in borrowing availability and is made up of a $15 million...
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June 24, 2014, 07:09 AM
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NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced that it has provided a revolving credit facility totaling $5.75 million to KRAVE Pure Foods, Inc. (“Krave”). Headquartered in Sonoma, CA, Krave is an emerging...
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June 18, 2014, 07:21 AM
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FirstMerit Bank Business Credit announced three recent asset-based loan transactions.
FirstMerit Bank Business Credit announced it closed a new $78 million revolving credit loan and term loan facility to building products distribution company based...
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June 13, 2014, 08:01 AM
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Compass Diversified Holdings (CODI), an owner of leading middle-market businesses, signed a credit agreement for a revolving credit facility totaling $400 million and a term loan facility in the amount of $325 million. The two facilities, led by Bank...
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June 10, 2014, 07:52 AM
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CatchMark Timber Trust, Inc. announced the closing of the accordion for its multi-draw term credit facility and revolving credit facility, increasing the maximum availability of the multi-draw term facility by $65 million to a total of $215 million...
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June 10, 2014, 06:52 AM
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Cole Taylor Business Capital, a division of Cole Taylor Bank, recently funded a $7.362 million senior revolving credit facility to Las Vegas Color Graphics, Inc. (LVCG) of Nevada. LCVG is a provider of high-end commercial printing, mailing and...
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June 09, 2014, 07:41 AM
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Golub Capital BDC, Inc., a business development company, announced today that on June 5, 2014 its wholly-owned and consolidated subsidiary, Golub Capital BDC CLO 2014 LLC (the "Issuer"), completed its previously announced $402 million term debt...
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June 09, 2014, 07:27 AM
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Millicom announced today that it has successfully completed a revolving credit facility of $500 million for Millicom International Cellular S.A.The facility comprises a $200 million two-year tenor tranche with a one-year extension option, and a $300...
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June 06, 2014, 07:04 AM
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Willis Lease Finance Corporation announced that it has increased its revolving credit facility to $700 million from $450 million. The credit facility has been extended for five years through June 2019 and is available to Willis Lease on a revolving...
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June 05, 2014, 07:28 AM
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Marquette Business Credit, Inc. announced it has provided Appa Seafood, Inc. (dba Appa Fine Foods, Inc.) with a $6 million revolving line of credit and $1.4 million equipment term loan to support its continued growth. Founded in 1987, Appa, through...
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June 03, 2014, 07:09 AM
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Frontier Communications Corporation has entered into a new $350 million senior unsecured delayed draw term loan facility with CoBank, ACB, as administrative agent, lead arranger and a lender. The loan will be drawn upon closing of the Company’s...
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June 03, 2014, 07:04 AM
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Firestone Financial Corp. a leader in equipment financing, signed a $225 million, multi-year revolving credit facility at the end of last year; this is an increase from the prior facility of $125 Million. The bank group is led by RBS Citizens, N.A....
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June 02, 2014, 07:48 AM
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On May 14, 2014, J. C. Penney Corporation, Inc., a wholly-owned subsidiary of J. C. Penney Company, Inc. entered into a commitment letter, with Wells Fargo Securities, LLC, Wells Fargo Bank, National Association, Bank of America, N.A., Merrill Lynch...
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May 20, 2014, 07:36 AM
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FirstMerit Bank Business Credit announced it closed a new $10 million revolving credit loan facility to ACO, Inc. on April 2, 2014. Proceeds of the facility were used to refinance existing debt and provide capital for the company’s transition to the...
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May 19, 2014, 07:42 AM
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SSG Capital Advisors, LLC ("SSG") acted as the exclusive investment banker to The H&K Group ("H&K" or the "Company") in the placement of a financing package which enabled the company to refinance existing indebtedness and generate additional...
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May 16, 2014, 07:06 AM
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Essex Rental Corp. announced the closing of a $30.0 million term debt facility to refinance a portion of its existing senior secured debt at its Essex Crane subsidiary. The term loan facility, which matures in 2019 was provided by Medley Capital...
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May 14, 2014, 07:17 AM
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Three Forks, Inc., an independent oil and gas exploration and production company with operations and assets in Colorado, Texas, Oklahoma and Louisiana, announced it has secured a $50 million revolving line of credit with Guaranty Bank and Trust...
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May 12, 2014, 07:24 AM
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Cole Taylor Business Capital announced it recently provided a $10 million senior revolving credit facility to Portage, Wisconsin based Trienda Holdings, LLC. The company is an industrial plastics manufacturer of single and twin sheet plastic...
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May 02, 2014, 07:41 AM
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Mood Media Corporation has successfully raised a new $235 million term loan and a $15 million revolving credit facility to replace the company's existing first lien bank debt and revolving credit facility.
The new facilities will bear an interest...
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May 02, 2014, 07:17 AM
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Gunvor Singapore Pte Ltd, a wholly-owned subsidiary of Gunvor Group ("Gunvor" or the "Company"), has launched a US $350 million syndicated revolving credit facility, which will support new investments and existing operations in the...
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April 28, 2014, 07:04 AM
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SUPERVALU INC. announced it has successfully completed the repricing, amendment and extension of its existing $1.0 billion asset-based revolving credit facility, which is secured by the company's inventory, credit card and certain other receivables...
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April 18, 2014, 07:52 AM
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AV Homes, Inc., a developer and builder of active adult and conventional home communities in Arizona, Florida and North Carolina, announced it has entered into a three-year, $65 million senior secured revolving credit facility, that is scheduled to...
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April 10, 2014, 07:22 AM
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BMO Harris Bank’s Asset-Based Lending group, a leading provider of middle market leveraged finance solutions, announced it was the sole lender for a $27 million senior secured revolving credit facility to Katy Industries, Inc., a Kohlberg & Company...
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March 31, 2014, 07:19 AM
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UTi Worldwide Inc. announced the successful closing of its senior secured asset-based revolving credit facility (the "ABL Facility") with Citigroup Global Markets Inc., Morgan Stanley Senior Funding, Inc. and Bank of the West. The ABL Facility...
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March 28, 2014, 07:49 AM
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On March 20, 2014, Ingersoll-Rand Global Holding Company Limited (the "Borrower"), Ingersoll-Rand plc ("IR Parent"), Ingersoll-Rand Company Limited ("IR Company Limited"), Ingersoll-Rand International Holding Limited ("IR International")...
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March 27, 2014, 07:11 AM
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Euramax Holdings, Inc., announced that it amended its $70 million Amended and Restated Senior Secured Revolving Credit and Guaranty Agreement (the "ABL Credit Facility") with Regions Bank (as Collateral and Administrative Agent) and Regions Business...
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March 26, 2014, 07:32 AM
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The Dolan Company and its subsidiaries (collectively, the “Company”) announced that it, along with certain of its subsidiaries, has agreed to a comprehensive balance-sheet restructuring with its secured lenders that, among other things, will allow...
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March 21, 2014, 07:20 AM
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Rent-A-Center, Inc., the nation’s largest rent-to-own operator, announced the completion of the previously announced refinancing of its senior credit facility. As previously announced, the company formerly anticipated entering into a new $850 million...
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March 20, 2014, 07:49 AM
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BMO Harris Bank’s Asset-Based Lending group, a leading provider of middle market leveraged finance solutions, announced it was joint lead arranger, joint bookrunner and administrative agent for the $100 million senior secured revolving credit...
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March 18, 2014, 07:21 AM
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Vicwest Inc. announced that it has negotiated a five year, $120 million revolving senior secured asset-based lending facility including a $25 million accordion feature, with a syndicate of lenders, co-led by Canadian Imperial Bank of Commerce...
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March 13, 2014, 07:38 AM
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Bank of America Business Capital has completed a senior secured revolving credit facility for Teters Floral Products, Inc., to refinance the company’s existing debt and provide ongoing working capital financing.
“Teters Floral Products is pleased...
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March 05, 2014, 07:24 AM
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FirstMerit Bank Business Credit announced it closed a new $10.5 million revolving credit loan and term loan facility to Lake County Press, Inc. on January 2, 2014. Proceeds of the facility were used to refinance existing debt.FirstMerit Bank...
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February 13, 2014, 07:39 AM
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On January 23, 2014, Jazz Pharmaceuticals, as guarantor, and three of its wholly-owned subsidiaries, Jazz Pharmaceuticals, Inc. (the "U.S. Borrower"), Jazz Financing I Limited and Jazz Pharmaceuticals Ireland Limited, as borrowers (collectively with...
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January 24, 2014, 07:07 AM
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FirstMerit Bank Business Credit announced two recent deals totalling $65 million. The deals include:
Coalescence, LLC
FirstMerit Bank Business Credit announced it closed a new $5 million revolving credit loan facility to Coalescence, LLC on...
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January 17, 2014, 07:19 AM
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Ruby Tuesday entered into a four-year revolving credit agreement under which the company may borrow up to $50.0 million with the option, subject to certain conditions, to increase the facility by up to $35.0 million. The Senior Credit Facility...
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December 11, 2013, 11:04 AM
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EMCOR Group, Inc., a Fortune 500 leader in mechanical and electrical construction, industrial energy infrastructure, and facilities services for a diverse range of businesses, announced that it had entered into a $1.1 billion credit agreement with a...
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December 03, 2013, 07:36 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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Taiga Building Products has renewed its senior secured revolving credit facility (the "Facility") with a syndicate of lenders led by JPMorgan Chase Bank and including the Bank of Montreal, HSBC Bank, PNC Bank, Bank of Nova Scotia and TD Bank. The...
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November 26, 2013, 11:28 AM
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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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Motorcar Parts of America has entered into an amended and restated $125 million credit facility, comprised of a $95 million term loan and a $30 million revolving credit facility with Cerberus Business Finance LLC as collateral agent and PNC Bank as...
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November 13, 2013, 06:08 AM
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Green Innovations Ltd. announced that it has secured financing from TCA Global Credit Master Fund, LP (TCA). The $5 million secured revolving credit facility will be used as working capital. The company received $1 million as an advance at closing.In...
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November 01, 2013, 07:38 AM
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Cinedigm Corp. has agreed to acquire Gaiam, Inc.’s entertainment unit, known as “GVE,” a leading distributor of home entertainment brands and content, for $51.5 million. Gaiam will retain its health and fitness media business. Cinedigm’s acquisition...
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October 18, 2013, 07:07 AM
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GTT announced that it has completed an expanded syndication of its senior credit facilities. GTT increased its revolving line-of-credit to $7.5 million from $5 million and the total amount of this financing to $72.5 million, increasing capital...
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October 10, 2013, 08:02 AM
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Citing data from Thomson Reuters LPC, CFO magazine reports revolving lines of credit are on a pace to drop in 2012, as macroeconomic and regulatory concerns have dampened the market for new issuance and companies have found other sources of funding....
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November 29, 2012, 08:18 AM
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