StoneX Group agreed to amend its existing $401 million senior secured credit facility, to extend the maturity through April 2025 and to increase the size of the facility to $475 million. The existing facility, comprised of a $236 million revolving...
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April 28, 2022, 07:38 AM
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United Rentals, Inc. announced that its subsidiary, United Rentals, Inc. (URNA) launched syndication of a $1 billion senior secured term loan B credit facility (the “Term Loan B”), which will be guaranteed by United Rentals and certain subsidiaries...
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October 01, 2018, 07:02 AM
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Dun & Bradstreet, a global provider of commercial data, analytics and insights for businesses, announced that it has entered into a definitive merger agreement to be acquired by an investor group led by CC Capital, Cannae Holdings and funds...
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August 09, 2018, 08:01 AM
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Opus Bank announced that Alfonso Castell De’Oro, a 21-year banking veteran, has joined Opus as Managing Director, Senior Client Manager, and is responsible for expanding Opus’ commercial and corporate client base in the Inland Empire region of...
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May 31, 2018, 07:06 AM
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Jason Feuerstein, the former head of MUFG Union Bank’s entertainment group, has reportedly been appointed by Bank of America Merrill Lynch to lead the firm’s entertainment group. Feuerstein’s position was announced on May 3, according to a report in...
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May 04, 2018, 07:40 AM
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Super Micro Computer, Inc., a global leader in high-performance, high-efficiency server, storage technology and green computing, today announced that the Company has closed an expanded new credit facility, replacing its existing amended credit...
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April 20, 2018, 07:14 AM
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Nexperia, a developer of semiconductor technology, announced the successful completion of a refinancing of its current facilities with $800 million equivalent of senior credit facilities. This includes a significant proportion of Revolving Credit...
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April 19, 2018, 07:00 AM
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AMN Healthcare Services, Inc., an innovator in healthcare workforce solutions and staffing services, announced that it has entered into a new $400 million revolving credit facility. The agreement also includes the ability to expand borrowing by $250...
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February 12, 2018, 07:32 AM
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Hologic, Inc. announced that the company has entered into an amended and restated credit agreement consisting of a new, five-year $1.5 billion senior term loan and $1.5 billion revolving credit facility.Hologic has used the initial proceeds from the...
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October 04, 2017, 07:11 AM
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Availity LLC, a national healthcare payer and provider engagement network, announced it has closed a five-year $200 million senior secured revolving credit facility. The facility includes an accordion feature which allows for an additional $100...
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July 19, 2017, 07:14 AM
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Vivint Solar, a leading full-service residential solar provider, announced that it has extended the term of the availability period for borrowing under its aggregation credit facility by an additional three years to March 2020 and the final maturity...
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March 13, 2017, 07:17 AM
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Vivint Solar, Inc., a full-service residential solar provider, announced today it has closed a fixed-rate, 18-year term debt facility with four institutional investors, totaling $203 million. The new debt facility is a fully amortizing loan that...
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January 12, 2017, 07:00 AM
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Stacey Hadash is managing director and the Metro New York Market Executive for Global Commercial Banking at Bank of America Merrill Lynch. She oversees banking teams that cover New York City and Long Island, providing a full range of solutions to...
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November 08, 2016, 07:44 AM
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CenturyLink and Level 3 Communications, Inc. announced that their Boards of Directors have unanimously approved a definitive merger agreement under which CenturyLink will acquire Level 3 in a cash and stock transaction valued at approximately $34...
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October 31, 2016, 07:31 AM
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First Midwest Bank announced that Michael W. Jamieson has joined the Bank as Executive Vice President and Director of Commercial Banking. In this role, Jamieson oversees all of the Bank’s commercial banking divisions, including middle market...
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August 31, 2016, 07:38 AM
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Billabong International Limited has entered into a new U.S.$100 million asset-based credit facility with Bank of America Merrill Lynch. The Bank of America asset-based lending agreement replaces the GE Capital facility that was entered into in...
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July 14, 2016, 07:53 AM
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SPX FLOW, Inc. has completed an amendment to its US$1.35 billion senior secured credit facilities which increases the maximum consolidated leverage ratio for any period of four consecutive fiscal quarters to 4.0x. The previous maximum consolidated...
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July 13, 2016, 07:36 AM
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Aerojet Rocketdyne Holdings, Inc. announced a major refinancing that will provide it with greater financial flexibility to execute its long-term strategic agenda and substantially reduce the company’s interest expense. Bank of America Merrill Lynch...
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June 21, 2016, 07:50 AM
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Revlon, Inc. and Elizabeth Arden, Inc. announced that they have signed a definitive agreement under which Revlon will acquire all of the outstanding shares of Elizabeth Arden for $14.00 per share in cash, representing an enterprise value for...
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June 17, 2016, 08:01 AM
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Bank of America Merrill Lynch announced the launch of a new electronic platform, Instinct® Loans, for the secondary trading of syndicated corporate loans. The platform, which is part of the firm’s ongoing commitment to providing liquidity to clients...
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June 09, 2016, 07:39 AM
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Blackstone’s GSO Capital Partners unit has hired David Flannery as a senior managing director focusing on distressed strategies in both private and public markets. Flannery will be based in New York, according to a statement, and brings extensive...
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April 19, 2016, 07:31 AM
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INTL FCStone Inc. has agreed to amend its existing $140 million senior secured revolving credit facility maturing September 20, 2016 (the "Credit Facility") to extend the maturity through March 18, 2019, and to increase the size of the credit...
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March 24, 2016, 07:17 AM
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First Majestic Silver Corp. has entered into an agreement with The Bank of Nova Scotia and Investec Bank PLC for a Senior Secured Credit Facility consisting of a $25 million revolving credit line and a $35 million term loan. The proceeds of the...
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February 11, 2016, 07:32 AM
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Craft Brew Alliance, Inc. (“CBA”), a leading craft brewing company, announced it has secured a $50 million credit facility with Bank of America Merrill Lynch. The new credit facility increases CBA’s overall borrowing capacity and takes advantage of...
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December 04, 2015, 08:08 AM
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J. C. Penney Company, Inc. announced it has received $500 million of incremental bank commitments to increase the size of the revolving line of credit under its existing Senior Secured Asset-Based Credit Facility (“ABL”) to $2.35 billion from $1.85...
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November 17, 2015, 08:11 AM
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Wells Fargo Capital Finance announced that it acted as agent and lead arranger of an asset-based credit facility in support of the acquisition of Fork Rent Limited (“Fork Rent”) and One Call Hire Limited (“One Call”) by Searchlight Capital Partners...
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October 15, 2015, 07:44 AM
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Adeptus Health Inc., the largest operator of freestanding emergency rooms in the U.S., announced that it has closed on $175 million of new senior secured credit facilities. Bank of America Merrill Lynch served as administrative agent. Bank of...
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October 07, 2015, 08:07 AM
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Live Ventures Inc., a wholly-owned subsidiary of Live Deal Inc., announced the closing of its first acquisition based on its strategy to acquire diversified and profitable companies: Georgia-based Marquis Industries, Inc., a specialty...
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July 16, 2015, 08:07 AM
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Hologic, Inc. entered into a new, five-year secured credit agreement consisting of a $1.5 billion senior term loan and a $1 billion revolving credit facility.Hologic has borrowed $0.175 billion against the new revolver initially, and used these...
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June 01, 2015, 07:28 AM
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Resolute Forest Products Inc. has entered into a new five-year credit agreement for a senior secured asset-based revolving credit facility with an aggregate lender commitment of up to $600 million at any time outstanding, subject to borrowing base...
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May 27, 2015, 07:46 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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ORIX USA announced the expansion of the ORIX Leveraged Finance team, a principal investment business unit of the financial services firm.With more than 12 years of financial industry experience, Ben Harris has joined the group as a Director based in...
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April 24, 2015, 07:54 AM
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Bank of America Merrill Lynch has provided a $20 million asset-based revolver to Connexity, Inc. The proceeds were used to support the acquisition of Become, Inc. and to recapitalize the company.“Connexity is pleased to have entered into this...
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March 18, 2015, 08:09 AM
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AAC Holdings, Inc. announced the closing of a $125 million senior secured credit facility, consisting of a $50 million revolving credit facility and a $75 million term loan. The facility matures in March 2020 and amounts outstanding under the credit...
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March 10, 2015, 07:53 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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KPS Capital Partners announced that its portfolio company Electrical Components International, Inc. (ECI) has entered into a definitive agreement to acquire Global Harness Systems, Inc. (GHS). Financial terms of the transaction were not disclosed....
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December 11, 2014, 07:17 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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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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Heartland Payment Systems has completed the acquisition of TouchNet Information Systems, Inc., an integrated commerce solutions provider to higher-education institutions. TouchNet adds over 600 higher education clients serving over six million...
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September 05, 2014, 07:28 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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New Gold Inc. entered into a $300 million revolving credit facility with a syndicate of banks led by The Bank of Nova Scotia and RBC Capital Markets (the "Facility"). The Facility has a term of four years and replaces the company's previous $150...
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August 15, 2014, 07:38 AM
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CIT Group Inc., today announced that it has entered into a definitive agreement and plan of merger with IMB Holdco LLC, the parent company of OneWest Bank N.A. (“OneWest Bank”), for $3.4 billion in cash and stock.OneWest Bank is a privately owned...
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July 22, 2014, 07:51 AM
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EnerSys announced the amendment to its senior secured credit facility and an increase in the credit facility size to $650 million.The amended credit facility was increased by $300 million to $650 million and is comprised of a $500 million revolving...
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July 09, 2014, 07:54 AM
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J. C. Penney Company, Inc. announced it has closed its new $2.35 billion asset-based senior secured credit facility, comprised of a $1.850 billion revolving line of credit and a $500 million term loan. The new facility replaces a $1.850 billion...
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June 24, 2014, 07:28 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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Aequitas Capital, an alternative asset management company specializing in private credit and private equity strategies, today announced that it has reached an agreement with Bank of America Merrill Lynch for a three-year credit facility of up to $60...
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May 14, 2014, 07:34 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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KPS Capital Partners, LP ("KPS") announced that, through a newly formed affiliate, it has entered into definitive agreements to acquire Electrical Components International, Inc. and its affiliates ("ECI" or the "Company"). Financial terms of the...
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April 11, 2014, 07:37 AM
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Polypore International, Inc., a global high technology filtration company specializing in microporous membranes, announced that it has entered into a new senior secured credit agreement led by Bank of America Merrill Lynch and Wells Fargo Securities...
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April 09, 2014, 07:44 AM
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Prospect Capital Corporation announced today that Prospect has invested $92 million of debt and equity in Echelon Aviation LLC (“Echelon”). Prospect is the controlling shareholder of Echelon.Established in 2014, Echelon is an aircraft leasing company...
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April 08, 2014, 07:11 AM
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RBS Citizens, N.A. (RBS Citizens) has announced the successful completion of a transaction supporting the refinancing of $1.15 billion in senior credit facilities for YRC Worldwide Inc., one of the largest transportation providers in the world...
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March 14, 2014, 07:32 AM
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Blackbaud, Inc. entered into a new credit facility in the aggregate amount of $325 million, including a $175 million senior secured term A loan ("Term A"), and a $150 million senior secured revolving credit facility ("Revolver") with capacity to...
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March 04, 2014, 07:08 AM
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According to the 2014 Bank of America Merrill Lynch CFO Outlook survey, U.S. businesses are putting growth plans in motion, bolstered by greater confidence in the economy and their own company performance.
Notable findings from the Outlook:
CFOs...
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February 14, 2014, 06:47 AM
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Monroe Capital LLC today announced the funding of a $27 million senior secured term loan in conjunction with a $40 million revolving line of credit provided by Bank of America Merrill Lynch to support the growth of Alliance Time and Ashford.com....
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January 09, 2014, 07:25 AM
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SolarCity Corp. announced that it has increased the size of its corporate revolver to $200 million. This three-year credit facility bears interest of 2.25% over Base Rate or 3.25% over LIBOR. Bank of America Merrill Lynch is the Sole Lead Arranger...
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December 23, 2013, 06:56 AM
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Checkpoint Systems entered into a new five-year $200 million multi-currency revolving credit facility with the potential to further expand the facility to $300 million.The syndicate of lenders was anchored by joint lead arrangers, Bank of America...
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December 13, 2013, 07:34 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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MidCap Financial, a leading healthcare oriented commercial finance company focused on the middle market in the United States, today announced it has been acquired by an entity managed by Apollo Global Management, LLC (together with its consolidated...
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November 19, 2013, 07:43 AM
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INTL FCStone Inc. announced that it has agreed to a new, three year, senior secured revolving credit facility in the amount of $140 million. This facility replaces a $135 million facility maturing October 1, 2013 and will be used to finance working...
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September 25, 2013, 07:19 AM
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Beazer Pre-Owned Rental Homes, Inc. today announced that its REIT operating subsidiaries have entered into a new revolving credit facility of $190 million. The credit facility will be used for the acquisition and renovation of single-family homes and...
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September 05, 2013, 07:08 AM
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EnerSys, a leader in stored energy solutions for industrial applications, announced the amendment to its $350 million senior secured credit facility.The amended facility remains a $350 million revolving line of credit and is for a term of five-years...
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August 07, 2013, 07:01 AM
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Medical technology company Kinetic Concepts Inc. is buying Systagenix for $485 million, expanding and diversifying the San Antonio-based buyer's wound care offerings.Goldman Sachs, Bank of America Merrill Lynch and Morgan Stanley are providing...
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July 31, 2013, 07:13 AM
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Hudson’s Bay Company and Saks Incorporated announced that they have entered into a definitive merger agreement whereby HBC will acquire Saks for U.S.$16.00 per share in an all-cash transaction valued at approximately U.S.$2.9 billion, including debt....
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July 29, 2013, 07:36 AM
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NRG Yield, a subsidiary of NRG Energy, Inc., has closed its previously announced initial public offering of 19.575 million shares of its Class A common stock at a price of $22.00 per share. In connection with the initial public offering, the...
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July 23, 2013, 07:17 AM
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Carpenter Technology Corporation announced the successful completion of a $500 million syndicated credit facility. This five-year revolving line of credit replaces the $350 million revolver due to expire in June, 2016. The new facility, comprised of...
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July 01, 2013, 07:39 AM
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TeleTech Holdings, Inc., a leading global provider of technology-enabled customer experience solutions, today announced that it has entered into a $700 million, five-year, multi-currency revolving credit facility with an accordion feature that...
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June 07, 2013, 08:03 AM
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Houlihan Lokey, the international investment bank, announced that Lyle Wilpon has joined the firm’s Mergers & Acquisitions Group as a managing director, based in New York. He reports to Steven Tishman, Global Head of the Mergers & Acquisitions Group...
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February 27, 2013, 07:41 AM
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The Associated Press reports that retailer JCPenney Co. has amended its bank credit facility to increase its borrowing capacity as it looks to finance its multiyear transformation. The department store chain it expanded the credit facility to $1.85...
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February 13, 2013, 08:01 AM
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