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News Stories (30 Results) - Automotive

Golub Capital recently announced that as Administrative Agent, Sole Bookrunner and Sole Lead Arranger, it provided a senior credit facility to support the acquisition of FullSpeed Automotive by CenterOak Partners. FullSpeed Automotive, formerly... Read Story

November 09, 2017, 07:00 AM

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9,050,000 senior credit facility to Tempe, Arizona-based Triumph Manufacturing, LLC. Founded in 1957, Triumph is an automotive parts manufacturer... Read Story

September 13, 2017, 07:20 AM

Bank of America Business Capital has provided a $40 million asset-based revolving credit facility to Bridgewater Interiors, LLC. Proceeds were used to provide ongoing working capital financing to support its growth objectives.Bridgewater Interiors... Read Story

August 17, 2017, 07:11 AM

Lear Corporation, a global supplier of automotive seating and electrical systems, announced that it has entered into a new credit agreement to refinance its existing credit facilities. The new credit agreement consists of a $1.75 billion revolving... Read Story

August 09, 2017, 07:20 AM

Tesla, Inc. and its subsidiary Tesla Motors Netherlands B.V. entered into the Sixth Amendment to the ABL Credit Agreement, dated as of June 10, 2015 among the Borrowers, the lenders party thereto, and Deutsche Bank AG New York Branch, as... Read Story

June 26, 2017, 07:16 AM

UCI International, LLC  announced the United States Bankruptcy Court for the District of Delaware confirmed its plan of reorganization. The confirmation order marks a key milestone in the 6 month reorganization process and positions the Company for... Read Story

December 07, 2016, 07:42 AM

LBC Credit Partners provided a secured mezzanine loan to PPHC Holdings, Inc., a portfolio company of Milestone Partners. The proceeds were used to support the acquisition of Fleetwood Metal Industries, Inc.Founded in 1955, PPHC is a market leader in... Read Story

October 27, 2016, 07:21 AM

Capital One announced it provided a $12.0 million floorplan revolver to Fahrney Automotive Group in Selma, CA. Capital One also provided a $10.4 million construction line of credit that will enable the company to house each of its three franchises in... Read Story

July 08, 2016, 08:00 AM

Group 1 Automotive, Inc., an international, Fortune 500 automotive retailer, today announced that it has completed a $1.8 billion five-year revolving syndicated credit facility with 24 financial institutions that will expire in June 2021 and can be... Read Story

June 20, 2016, 07:48 AM

General Motors Co. announced the execution of an unsecured $14.5 billion revolving credit facility consisting of a $10.5 billion five-year facility and a $4.0 billion three-year facility.  The facility amends and extends GM's existing $12.5 billion... Read Story

May 27, 2016, 07:53 AM

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on a $42.5 million senior credit facility to support the acquisition and future growth initiatives of Alloy Wheel Repair Specialists, Inc. (“Alloy”) by private... Read Story

March 29, 2016, 07:58 AM

Citizens Bank announced  that Citizens Commercial Banking is leading a new $600 million senior secured credit facility for Rochester, N.Y.-based Monro Muffler Brake, Inc.Founded in 1957, Monro Muffler Brake, Inc. provides a wide range of automotive... Read Story

February 10, 2016, 07:58 AM

TCF Capital Funding (TCFCF), a division of TCF National Bank, announced that it provided secured financing to support the refinancing of Dubin Clark & Company portfolio company, Restoration Parts Group, Inc., and its acquisition of Auto Accessories... Read Story

January 15, 2016, 07:19 AM

TCF Capital Funding (TCFCF), the Chicago-based cash flow and asset-based lending division of TCF National Bank, announced that it increased its existing credit facilities to support an add-on acquisition for Superior Capital Partners’ Rostra... Read Story

November 11, 2015, 08:00 AM

Monroe Capital announced the participation in a senior secured credit facility to support Holley Performance Products, Inc.’sacquisition of MSDP Group by private equity sponsor, Lincolnshire Management, Inc.Holley and MSD are cornerstone brands in... Read Story

October 06, 2015, 07:14 AM

UCI Holdings Limited, the parent company of UCI International, LLC, announced that it and certain of its subsidiaries entered into a senior secured asset-based revolving credit facility with an aggregate lender commitment of up to $125 million.... Read Story

October 01, 2015, 07:41 AM

The Watermill Group announced the acquisition of Quality Metalcraft, Inc. (QMC), a leading producer of engineered structural metal components and assemblies, providing advanced prototype, low-to-medium volume production and factory assist services to... Read Story

July 02, 2015, 07:11 AM

The financial press reported that Tesla filed a Form 8-K filing last week with the Securities and Exchange Commission, noting that the company has raised nearly $500 million in credit from leading banks around the country, ahead of the Model X... Read Story

June 15, 2015, 07:53 AM

Motorcar Parts of America has entered into a $125 million credit facility with PNC Bank National Association consisting of a $100 million revolver and $25 million term loan.Loans outstanding under the new credit facility bear interest, at the company... Read Story

June 05, 2015, 08:01 AM

Franklin Square Capital Partners announced the origination of a unitranche term loan to finance a dividend recapitalization of Dent Wizard International Corp. (Dent Wizard), the largest vehicle reconditioning servicer in the U.S. and Canada. Dent... Read Story

February 09, 2015, 07:24 AM

Superior Industries International announced that it has successfully closed a $100 million senior secured revolving credit facility. As previously announced, Superior entered into a commitment letter with J.P. Morgan Securities LLC (the “Lead... Read Story

December 23, 2014, 07:44 AM

Square 1 Bank announced that it has provided a credit facility to new client, Renovo Motors, an automotive engineering company specializing in electric vehicle systems (EV). Proceeds will be used to provide additional working capital and drive... Read Story

November 05, 2014, 06:58 AM

TCF Capital Funding ("TCFCF")provided the financing to support the refinancing of Dubin Clark portfolio company, Restoration Parts Group, Inc. (“RPG”  or the “Company”), and its acquisition of The Right Stuff Detailing.  Founded in 1973 and... Read Story

October 20, 2014, 07:47 AM

Federal-Mogul Holdings Corporation, a leading global supplier of automotive components, technologies and services, announced it has successfully secured $2.6 billion to refinance existing debt.Federal-Mogul Holdings Corporation entered into an... Read Story

April 18, 2014, 07:22 AM

Visteon Corporation entered into a credit agreement for a total commitment of $800 million, including a $600 million seven-year term loan B with a final maturity date of April 9, 2021, and a $200 million five-year revolving credit facility with a... Read Story

April 10, 2014, 07:43 AM

Ally Financial Inc. announced that it has completed the renewal of $11.5 billion in credit facilities at both the parent company and at its banking subsidiary, Ally Bank, with a syndicate of 19 lenders. The secured facilities can be used to fund... Read Story

March 13, 2014, 07:07 AM

GB Credit Partners announced it has participated in its first European transaction, which will serve as the foundation of its broader lending strategy for the European market. The loan is part of a €75 million facility arranged and led by funds... Read Story

February 11, 2014, 07:17 AM

Chrysler Group LLC (“Chrysler Group”) announced today that it plans to offer up to $2.7 billion in aggregate principal amount of secured senior debt securities. Chrysler Group also announced plans to commence marketing additional senior secured term... Read Story

January 30, 2014, 07:11 AM

Lithia Motors has completed a $1.0 billion five-year revolving syndicated credit facility with 13 institutions that will expire in December 2018. The facility can be expanded to $1.25 billion in total availability.The revolving facility will provide... Read Story

December 19, 2013, 11:11 AM

Accuride Corporation closed on a new $100 million ABL credit facility with Wells Fargo Capital Finance, lead arranger and administrative agent; BMO Harris Bank, syndication agent; and Deutsche Bank. The new facility, which includes a $10 million FILO... Read Story

July 12, 2013, 08:02 AM