DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed cloud services, established a new $725 million credit facility with which to finance its ongoing and future data center construction projects. The new...
Read Story
April 11, 2024, 07:50 AM
|
AmeriTex Holdings closed its new $155 million credit facility with Bank of America on April 5, 2024, to combine with its $530 million in Senior Notes raised with BofA Securities on October 5, 2023, to continue its growth in products and other...
Read Story
April 10, 2024, 07:00 AM
|
Progress, a provider of infrastructure software, entered into a Fourth Amended and Restated Credit Agreement, which provides a revolving credit facility in an aggregate principal amount of $900 million, and replaces the Company’s existing secured...
Read Story
March 08, 2024, 08:00 AM
|
SLR Equipment Finance closed a new $350 million credit facility with Bank of America and Truist Bank to support the growth of its equipment finance business over the next several years.SLR Equipment Finance specializes in providing custom equipment...
Read Story
March 06, 2024, 07:50 AM
|
Montrose Environmental Group has upsized its senior secured credit Agreement to $400 million. The additional $100 million of availability includes a $50 million increase in the revolving credit facility to $175 million and a $50 million increase to...
Read Story
February 21, 2024, 07:52 AM
|
FLEETCOR Technologies, a global business payments company, successfully closed on an amendment to its pro rata Term Loan A and Revolver A credit facilities. The transaction was leverage neutral and results in a $600 million increase in the Company’s...
Read Story
February 09, 2024, 08:02 AM
|
Kirkland's, a specialty retailer of home décor and furnishings, entered into a supplemental credit facility on January 25, 2024, which will increase its available credit by up to $12 million.To support its strategic repositioning efforts, Kirkland's...
Read Story
January 29, 2024, 08:00 AM
|
Bank of America has named Naveed Shujaat President of Bank of America Central Florida. He succeeds Steve Alch, who has decided to step away from the role after nearly a decade to focus on his leadership position as Merrill Southeast Division...
Read Story
January 11, 2024, 07:52 AM
|
SunOpta, a U.S.-based global pioneer fueling the future of sustainable, plant-based foods and beverages, announced that on December 8, 2023, the Company entered into a new $180 million term loan credit facility and a new $85 million revolving credit...
Read Story
December 14, 2023, 07:50 AM
|
Digi International, a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, entered into a new senior secured credit facility.The new bank debt provides Digi a $250 million senior...
Read Story
December 12, 2023, 07:52 AM
|
Grindr, the world’s largest social network for the LGBTQ community, completed a refinancing via a new $300 million Term Loan A facility and a $50 million Revolving Credit facility. The joint lead arrangers of the transaction are J.P. Morgan, Bank of...
Read Story
November 30, 2023, 08:10 AM
|
Blue Bird Corporation, the leader in electric and low-emission school buses, announced that on November 17, 2023 the Company completed the refinancing of its credit facilities and entered into a new five-year credit agreement with a syndicate of...
Read Story
November 20, 2023, 08:00 AM
|
Versana announced that industry veterans Christine Scaffidi and Christopher Fonte have joined the company as Head of Product and Head of Sales, respectively, reporting directly to Cynthia Sachs, Founding CEO. Each brings decades of valuable banking...
Read Story
November 09, 2023, 07:35 AM
|
Neiman Marcus Group announced that on October 27, 2023 it entered into a Fourth Amendment to the Credit Agreement governing the Company's $900 million asset-based lending facility, led by Bank of America as Administrative Agent and Collateral Agent...
Read Story
November 02, 2023, 07:40 AM
|
Hilton Grand Vacations announced the successful re-pricing of its existing $1.3 billion Term Loan B, maturing Aug. 2, 2028. The new pricing will be SOFR plus 275 basis points, down from SOFR plus 300 basis points. Additionally, the interest rate...
Read Story
October 09, 2023, 07:44 AM
|
Bloomberg reported private debt defaults will reach 5% by early 2024 as portfolios see an estimated one-third of deals come due in the next two-and-a-half years, according to a new report from Bank of America credit strategists Neha Khoda and Dong Ba...
Read Story
October 04, 2023, 07:59 AM
|
Bank of America named Tyrone Noel as President of Bank of America Hampton Roads. As President, Noel will be head of the market and responsible for connecting clients, teammates and communities to the full power of the franchise, driving integration...
Read Story
September 29, 2023, 07:50 AM
|
Enfusion, a leading provider of cloud-native software-as-a-service (SaaS) solutions for investment managers, entered into a new $100 million revolving credit facility. The lenders under the credit facility are primarily a syndicate of Enfusion’s...
Read Story
September 19, 2023, 07:49 AM
|
Capteris announced the closing of a new $350 million credit facility to support the growth of its equipment finance business. The lenders partnering with Capteris include Truist Bank as administrative agent and Bank of America. Capteris specializes...
Read Story
September 08, 2023, 07:56 AM
|
OPAL Fuels, a vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity, closed a new $500 million senior secured credit facility. The Credit Facility consolidates certain existing indebtedness and...
Read Story
September 05, 2023, 07:50 AM
|
Post Road Equipment Finance (PREF) increased its non-recourse senior warehouse facility to $700 million of aggregate commitments.The overall facility size was increased from $550 million to $700 million through the addition of Wells Fargo Bank as a...
Read Story
August 28, 2023, 07:37 AM
|
The Liberty Company Insurance Brokers (Liberty), one of America’s fastest-growing privately held insurance brokerages, completed a $340 million refinancing transaction on July 31, 2023. The offering was well received by the banking community and was...
Read Story
August 18, 2023, 07:35 AM
|
Bowman Consulting Group completed a First Amendment to Amended and Restated Credit Agreement with respect to the Company’s revolving credit facility with Bank of America. The First Amendment increases the maximum principal amount under the Revolver...
Read Story
August 07, 2023, 07:59 AM
|
Griffon Corporation amended its credit agreement to increase the size of its revolving credit facility from $400 million to $500 million, and extend the maturity of the Revolver Facility from March 22, 2025 to August 1, 2028. The Amended Credit...
Read Story
August 03, 2023, 07:54 AM
|
Myriad Genetics, a leader in genetic testing and precision medicine, established a new $90 million asset-based credit facility with JPMorgan Chase Bank as administrative agent and issuing bank, and the other lender parties thereto consisting of Wells...
Read Story
July 07, 2023, 08:00 AM
|
Service Properties Trust entered into a new $650 million secured revolving credit facility. The maturity date of the new facility is June 29, 2027, and includes two six-month extensions at the borrower’s option. Interest paid on drawings under the...
Read Story
July 07, 2023, 07:55 AM
|
First Solar announced that on June 30, 2023, it entered into a five-year revolving credit and guarantee facility for $1 billion. The facility includes up to $250 million which is available for the issuance of letters of credit. J.P. Morgan Chase Bank...
Read Story
July 07, 2023, 07:53 AM
|
Vince Holding Corp., a global contemporary retailer, entered into a new five-year credit agreement for an $85 million senior secured asset-based revolving credit facility expected to mature in June 2028. The new ABL Credit Facility was entered into...
Read Story
June 26, 2023, 08:15 AM
|
The Eastern Company, an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, established of a new $90 million 5-year senior secured credit facility. The new facility...
Read Story
June 22, 2023, 07:45 AM
|
Corcentric, a leading global provider of best-in-class procurement and finance solutions, secured a new $315 million senior credit facility. The capital raise consists of a $250 million senior secured asset-based loan revolver from Bank of America...
Read Story
June 14, 2023, 07:43 AM
|
Verdant Commercial Capital expanded its funding capacity with the addition of a new $150 million warehouse line of credit provided by Bank of America.This additional capacity will allow Verdant to finance even more equipment for its existing vendor...
Read Story
June 13, 2023, 07:50 AM
|
Hannon Armstrong Sustainable Infrastructure Capital (HASI), a leading investor in climate solutions, amended its revolving credit facility effective immediately, increasing the committed line under the revolving credit facility by $240 million to...
Read Story
June 02, 2023, 08:00 AM
|
Alterna Capital Solutions (ACS), a specialty and alternative financing lender to small businesses experiencing growth, added Bank of America to its Senior Lending syndicate that includes Truist Financial and is led by Wells Fargo Capital Finance. The...
Read Story
May 10, 2023, 07:57 AM
|
Vishay Intertechnology entered into an amendment and restatement of its $750 million credit facility. The amended and restated credit facility extends the maturity date of the revolving credit agreement until May 8, 2028, replaces the existing total...
Read Story
May 09, 2023, 07:16 AM
|
The majority of U.S. small business owners (72 percent) are concerned about the impact of a potential recession, however, 76 percent are confident their business could withstand the downturn, according to the Bank of America 2023 Small Business Owner...
Read Story
April 28, 2023, 07:45 AM
|
CVC Credit announced that it has priced Apidos XLV (45), a new issue Collateralized Loan Obligation (“CLO”) vehicle totalling $500 million (c.€450 million). Bank of America served as lead arranger. Apidos XLV is the fifth CLO priced by CVC Credit’s...
Read Story
April 27, 2023, 07:00 AM
|
Bank of America has named Scott Vanderpool as President of Bank of America Phoenix. The company also announced that widely known business leader Benito Almanza plans to retire April 6 after 45 years of service with the company and 22 years as Phoenix...
Read Story
March 31, 2023, 08:00 AM
|
Entravision, a leading global advertising solutions, media and technology company, announced that on March 17, 2023 the Company entered into a new $275 million credit facility, consisting of a $200 million term loan A and a $75 million revolving...
Read Story
March 21, 2023, 07:51 AM
|
Bank of America, Citigroup, JPMorgan Chase and Wells Fargo announced they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY-Mellon...
Read Story
March 17, 2023, 07:58 AM
|
Gibraltar Business Capital (“GBC”) secured an increased line of credit with Bank of America, building upon the partnership first announced in May 2021. While Bank of America remains the lead agent in the expanded senior line of credit financing...
Read Story
March 10, 2023, 07:54 AM
|
Apollo Commercial Real Estate Finance closed two financing facilities, including one asset backed facility and one revolving credit facility.The first facility is a master repurchase agreement with Banco Santander, S.A. New York Branch. The facility...
Read Story
March 07, 2023, 07:33 AM
|
Bank of America named Vaughn Reynolds President of Bank of America Columbia. The company also announced that well-known South Carolina business and community leader Kim Wilkerson plans to retire in March after 42 years with the bank and nearly two...
Read Story
January 11, 2023, 07:30 AM
|
Altus Power closed on a revolving credit facility which provides the company with up to $200 million in financing to support its growth of assets and ability to serve additional customers with solar energy generation, storage and vehicle charging....
Read Story
December 21, 2022, 07:03 AM
|
Bank of America named Jim Morehead president of Bank of America Seattle. The company also announced that Alex Yang will become Seattle Market Executive, replacing Jeremey Williams who was recently promoted to Community Relations Manager (CRM)...
Read Story
December 12, 2022, 08:03 AM
|
Gibraltar Industries, a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, closed on a $400 million five-year revolving credit facility. The new facility replaces a...
Read Story
December 09, 2022, 08:08 AM
|
Fashion apparel retailer Express, Inc. announced two transactions in support of a comprehensive plan to refinance its capital structure and expand its liquidity access while concurrently reducing interest rate exposure and providing flexibility to...
Read Story
November 29, 2022, 08:00 AM
|
Global professional services firm Huron has amended and extended its senior secured credit facility.Among other items, the amended and restated credit facility: Extends the maturity date from September 27, 2024, to November 15, 2027; Maintains...
Read Story
November 21, 2022, 07:53 AM
|
Pathway Homes, a real estate platform, entered into a secured credit facility in the aggregate amount of $225 million, with Bank of America, acting as Administrative Agent and Sole Lead Arranger. This is Pathway's inaugural credit facility and...
Read Story
September 09, 2022, 07:49 AM
|
Nicole Cangelosi was named Senior Vice President, Head of Retail Finance Group Underwriting and Origination, at Bank of America Business Capital, based in New York City. Cangelosi is responsible for a team of underwriters and analysts dedicated to...
Read Story
September 02, 2022, 07:46 AM
|
Charles River Associates, a worldwide leader in providing economic, financial, and management consulting services, announced a new and expanded revolving credit facility with a bank syndicate comprised of five lenders. The five-year facility is for...
Read Story
August 23, 2022, 07:51 AM
|
Saks.com has upsized its existing asset-based revolving credit facility arranged by Bank of America increasing borrowing capacity from $350 million to $450 million. Concurrently, Saks upsized its senior secured term loan facility, of which Pathlight...
Read Story
August 18, 2022, 07:53 AM
|
Sabre Corporation refinanced a portion of its existing indebtedness. Sabre incurred no additional indebtedness as a result of the refinancing above the refinanced amount, other than amounts covering the original issue discount (OID), certain interest...
Read Story
August 16, 2022, 07:49 AM
|
Radiant Logistics secured a new $200.0 million syndicated secured revolving credit facility to replace its existing $150.0 million revolving facility. The Secured Facility enhances the Company's financial flexibility, providing increased capacity to...
Read Story
August 09, 2022, 08:00 AM
|
McGrath RentCorp completed a $650 million credit facility with a syndicate of banks. The five year facility matures on July 15, 2027 and replaces the Company’s existing $420 million line of credit. BofA Securities served as Joint Lead Arranger and...
Read Story
July 20, 2022, 07:46 AM
|
Bank of America has named Brian King as President of Bank of America Maine. King succeeds Bill Williamson, who held the position for 10 years and has announced his decision to retire next year after more than 40 years with the company. As President...
Read Story
July 07, 2022, 07:51 AM
|
Helix Energy Solutions Group completed the previously announced acquisition of all of the equity interests of the Alliance group of companies expanding its decommissioning presence in the Gulf of Mexico shelf and advancing Helix’s environmental...
Read Story
July 05, 2022, 07:39 AM
|
U.S. Physical Therapy, a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, closed a $325 million, five-year credit facility that includes a $150 million term loan and a $175 million...
Read Story
June 21, 2022, 08:00 AM
|
Lucid Group announced entry into a Credit Agreement (the "Credit Agreement") on June 9, 2022. Bank of America is the administrative agent and swingline lender on the transaction. Other lenders in the initial bank syndicate include Citigroup; Barclays...
Read Story
June 16, 2022, 07:31 AM
|
DHI Group signed an amended and restated credit agreement increasing the size from a $90 million revolving credit facility to a $100 million revolving credit facility, with an accordion feature for an additional $50 million. The facility, previously...
Read Story
June 14, 2022, 07:45 AM
|
HireRight Holdings amended and upsized its revolving credit facility, increasing the committed line under the Revolving Facility to $145 million, effective June 3, 2022. As part of the expanded Revolving Facility, Goldman Sachs, Royal Bank of Canada...
Read Story
June 08, 2022, 07:49 AM
|
RH announced the completion of an incremental $500 million term debt financing.Consistent with the strategy of the original $2.0 billion term debt financing in October, 2021, the additional $500 million represents an attractive cost of capital and...
Read Story
May 17, 2022, 07:59 AM
|
AMETEK completed an amended and restated Revolving Credit Facility increasing the size from $1.5 billion to $2.3 billion. The facility, previously due to expire in October 2023, now has a maturity date of May 2027. In conjunction with this expanded...
Read Story
May 16, 2022, 07:42 AM
|
Encina Equipment Finance (EEF) closed a new non-recourse secured revolving loan facility with initial lending commitments from three lenders totaling $450 million. The new facility provides EEF with additional committed capacity to fund equipment...
Read Story
April 28, 2022, 07:53 AM
|
Bank of America named Carolyn Rainey President of Bank of America Charlottesville.As President, Rainey will be responsible for connecting the banking and investment resources offered through the bank’s eight lines of business to people and companies...
Read Story
April 22, 2022, 07:52 AM
|
Clarus Corporation, a global company focused on the outdoor and consumer enthusiast markets, amended and upsized its existing senior secured credit facility jointly led by JPMorgan Chase Bank and Bank of America, with U.S. Bank, Regions Bank, Wells...
Read Story
April 20, 2022, 07:45 AM
|
ProPetro Holding Corp. extended its existing asset-based loan facility to a five-year term and a reduction of commitments from $300 million to $150 million. The Amended ABL will extend the maturity from 2023 to 2027 and, through updated advance...
Read Story
April 14, 2022, 07:38 AM
|
Ares Capital Corporation increased commitments under its Revolving Credit Facility to approximately $4.8 billion and extended the final maturity date to March 31, 2027. The Facility is led by JP Morgan, Bank of America, Truist, MUFG Bank, Sumitomo...
Read Story
April 05, 2022, 08:07 AM
|
Trimble entered into a new five-year, $1.25 billion revolving credit facility. This facility links two of Trimble's sustainability commitments—reducing greenhouse gas emissions and increasing gender diversity with more female representation in the...
Read Story
March 31, 2022, 07:27 AM
|
Sprouts Farmers Market closed a $700 million revolving credit facility under a credit agreement dated as of March 25, 2022. The Revolving Credit Facility and Credit Agreement refinance the Company’s previously existing $700 million revolving credit...
Read Story
March 28, 2022, 07:47 AM
|
Versana announced its plans to launch a leading-edge, industry-backed syndicated loan platform, joining together banks, institutional lenders and their service providers to bring transparency, efficiency and velocity to this $5 trillion...
Read Story
March 17, 2022, 07:54 AM
|
Regions Bank announced it has hired Dave Strickert to lead Corporate Credit Products, part of Regions’ Credit Products Group within Corporate Banking.Strickert joins Regions after a 30-plus-year career at Bank of America, where he most recently...
Read Story
March 16, 2022, 08:04 AM
|
Sabre Corporation refinanced a portion of its existing indebtedness. Sabre incurred no additional indebtedness as a result of the refinancing above the refinanced amount, other than amounts covering certain interest, fees and expenses. The...
Read Story
March 10, 2022, 07:27 AM
|
Ameresco, a leading energy efficiency and renewable energy company, entered into an amendment and restatement to the company’s current senior secured credit facility with a group of lenders led by Bank of America. This amendment and restatement...
Read Story
March 08, 2022, 07:50 AM
|
Bank of America Business Capital announced that Jennifer Cann joined as Senior Vice President and Head of the Retail Finance Group Portfolio. Based in Boston, Cann manages the ABL Retail Portfolio team responsible for credit, monitoring and strategic...
Read Story
March 03, 2022, 08:00 AM
|
Tetra Tech, a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, established a $1 billion sustainability-linked credit facility.The credit facility increases the Company’s borrowing...
Read Story
February 23, 2022, 07:18 AM
|
Progress entered into an amended secured credit facility in the aggregate amount of $575 million, including a $275 million senior secured term loan and a $300 million revolving line of credit. The credit facility may be incrementally expanded by an...
Read Story
January 28, 2022, 07:55 AM
|
Casella Waste Systems, a regional solid waste, recycling and resource management services company, entered into a $650 million Amended and Restated Credit Agreement with Bank of America as administrative agent and swing line lender, Bank of America...
Read Story
December 29, 2021, 07:59 AM
|
Hilton Grand Vacations refinanced and increased the capacity under the existing revolving facility from $800 million to $1 billion. As of the transaction close, $699 million remains available under the revolver. Bank of America will remain as the...
Read Story
December 21, 2021, 08:00 AM
|
Bank of America has named Rita Sola Cook as President of Bank of America Chicago. Cook succeeds Paul Lambert, who announced his retirement after 30 years with the company.As Chicago president, Cook will be responsible for connecting the banking and...
Read Story
December 17, 2021, 07:54 AM
|
Resolute Forest Products announced a reset of the five-year maturity of its senior secured asset-based revolving credit facility ("ABL credit facility") with an aggregate lender commitment of up to $450 million at any time outstanding, subject to...
Read Story
December 16, 2021, 07:40 AM
|
Eastman Chemical Company announced amendments to and extension of its $1.5 billion five-year unsecured revolving credit facility (the “Credit Agreement”). The amendments include extension of the term of the existing $1.5 billion unsecured revolving...
Read Story
December 06, 2021, 07:41 AM
|
KBR announced that on November 18, 2021, the company successfully closed the fifth amendment to its credit agreement dated April 25, 2018, as previously amended. According to an SEC filing, Bank of America acted as administrative agent, swing line...
Read Story
November 29, 2021, 07:57 AM
|
Bank of America Business Capital announced that John J. Lim has joined the Metro NYC team as a Senior Business Development Officer. Based in New York City, he will provide asset-based lending solutions and banking products to large corporate and...
Read Story
November 22, 2021, 07:40 AM
|
The Children’s Place, the largest pure-play children’s specialty apparel retailer in North America, announced the refinancing of its revolving credit facility and term loan by a new lending group led by an affiliate of Wells Fargo. The new debt...
Read Story
November 18, 2021, 08:07 AM
|
Hilco Global announced that long time Bank of America executive Betsy Ratto will join the Hilco Global team as Senior Vice President of Capital Solutions with responsibility to drive business for ReStore Capital and Hilco Corporate Finance.In this...
Read Story
November 18, 2021, 08:00 AM
|
Bank of America named Al McRae as President of Bank of America Atlanta. McRae succeeds Wendy Stewart, who was recently named a member of the company’s senior management team and the President of Global Commercial Banking.Stewart will continue to be...
Read Story
November 10, 2021, 07:52 AM
|
Summit Midstream Partners announced that Summit Midstream Holdings, LLC, a Delaware limited liability company, and Summit Midstream Finance Corp., a Delaware corporation, which are subsidiaries of the Partnership, closed a private offering of...
Read Story
November 03, 2021, 07:21 AM
|
RH announced the completion of a $2 billion debt financing by means of a Term Loan Credit Agreement through its subsidiary, Restoration Hardware, Inc. (“RHI”), as the borrower, Bank of America as administrative agent and collateral agent, and the...
Read Story
October 26, 2021, 08:00 AM
|
According to an SEC filing, on October 6, 2021, FWR Holding Corporation, a Delaware corporation (“FWR”), an indirect subsidiary of First Watch Restaurant Group, Inc., a Delaware corporation (the “Company”), entered into a credit agreement, dated as...
Read Story
October 07, 2021, 07:50 AM
|
Renewable Energy Group extended and increased its line of credit with Wells Fargo Capital Finance, Fifth Third Bank, and Bank of America to a maximum of $250 million. This is a five-year extension through September 2026 of the company’s existing line...
Read Story
October 05, 2021, 07:39 AM
|
Helix Energy Solutions Group entered into a new $80 million asset-based revolving credit facility with a syndicated banking group. The ABL Facility replaces Helix's existing credit facility and term loan, which was concurrently repaid in full. Bank...
Read Story
October 01, 2021, 07:59 AM
|
Huttig Building Products entered into a new $250 million senior credit facility. The facility has a five-year tenure and can be expanded to $325 million through an uncommitted $75 million accordion, subject to certain conditions. JPMorgan Chase Bank...
Read Story
October 01, 2021, 07:52 AM
|
CCC Intelligent Solutions completed the successful refinancing of its existing secured credit facility with a new credit agreement comprised of an $800 million senior secured term loan facility and a $250 million senior secured revolving credit...
Read Story
September 24, 2021, 07:47 AM
|
Ritchie Bros. Auctioneers announced the closing of an amendment and extension of its credit agreement totaling US$1.045 billion with a syndicate of lenders comprising:
Multicurrency revolving facilities of up to US$750 Million
A...
Read Story
September 22, 2021, 07:52 AM
|
Flowserve Corporation amended and restated its $800 million Revolving Credit Facility and added a new $300 million Term Loan Facility (together the “Senior Credit Facility”) with Bank of America and certain other lenders. The Senior Credit Facility...
Read Story
September 14, 2021, 07:00 AM
|
Forum Energy Technologies entered into an amendment to its asset-based revolving credit facility. The key elements of the amendment include: (i) the maturity has been extended, subject to certain exceptions, to September 2026; (ii) the facility size...
Read Story
September 13, 2021, 07:45 AM
|
Bank of America announced senior leadership changes to position the company for long-term success, while continuing to deliver for clients, communities and shareholders.The company is adding five new members, including three women, to the senior...
Read Story
September 10, 2021, 08:09 AM
|
Bank of America has named Marc Perez as President of Bank of America Long Island. Perez succeeds Bob Isaksen, who held the position for 17 years and will continue in his role as the region’s business banking market executive and an active local...
Read Story
September 10, 2021, 07:20 AM
|
Corsair Gaming, a leading global provider and innovator of high-performance gear for gamers and content creators, completed the successful refinancing of its 2017 credit facilities with borrowings under a new $350 million credit facility, consisting...
Read Story
September 07, 2021, 07:47 AM
|
TransPerfect, the world's largest provider of language and technology solutions for global business, refinanced its existing credit facility with a new $500 million credit facility (consisting of a $250 million term loan and a $250 million revolving...
Read Story
September 03, 2021, 07:40 AM
|
The Greenbrier Companies, a leading international supplier of equipment and services to global freight transportation markets, announced the renewal and extension of three bank facilities totaling over $1.0 billion. Greenbrier successfully renewed...
Read Story
August 31, 2021, 07:43 AM
|
Bank of America announced the retirement of Anne Finucane, Vice Chairman, and Thomas Montag, Chief Operating Officer and President of Global Banking and Markets. Both executives are members of the company’s executive management team and report to...
Read Story
August 27, 2021, 08:02 AM
|
Rite Aid Corporation (NYSE: RAD) entered into an amendment to its senior secured credit agreement, which, after giving effect to the amendment, consists of a $2.8 billion senior secured asset-based revolving credit facility and a $350 million...
Read Story
August 24, 2021, 08:00 AM
|
Graybar completed the amendment and extension of its unsecured committed revolving credit facility. The amendment, among other things, extended the company's five-year $750 million revolving credit facility. The new facility matures in August 2026...
Read Story
August 18, 2021, 06:00 AM
|
L.B. Foster Company, a leading provider of products and services for the rail industry and solutions to support critical infrastructure projects, announced that on August 13, 2021, it entered into a Fourth Amended and Restated Credit Agreement to...
Read Story
August 17, 2021, 07:41 AM
|
Chase Corporation entered into a new amended and restated credit agreement with Bank of America, as administrative agent, and with participation from Wells Fargo Bank, PNC Bank and JPMorgan Chase Bank.The new credit agreement was entered into to...
Read Story
August 13, 2021, 07:13 AM
|
Organogenesis Holdings announced a new credit agreement with Silicon Valley Bank, the lead agent, and several other lenders. The agreement provides for a credit facility in the aggregate principal amount of $200 million, consisting of a $75 million...
Read Story
August 10, 2021, 07:45 AM
|
Hardwoods Distribution Inc. completed its previously announced acquisition of the equity interests in Novo Building Products Holdings, LLC ("Novo"). The Acquisition was completed for a purchase price of U.S.$302 million and had an effective closing...
Read Story
August 03, 2021, 07:06 AM
|
Sabre Corporation refinanced of a portion of its existing indebtedness, including the repayment in full of its Term Loan B facility and its Revolving Credit Loan facility, and termination of the revolving commitments thereunder. Sabre incurred no...
Read Story
July 13, 2021, 10:00 AM
|
Vivint Smart Home announced that APX Group, Inc. (the “Issuer”), an indirect, wholly owned subsidiary of the Company, completed its offering of $800.0 million aggregate principal amount of 5.75% senior notes due 2029 (the “Notes”) in a private...
Read Story
July 13, 2021, 07:00 AM
|
JOANN, the nation’s category leader in sewing and one of the fastest growing competitors in the arts and crafts category, successfully completed the refinancing of its existing covenant-lite first lien term loan facility due October 2023. Bank of...
Read Story
July 09, 2021, 07:00 AM
|
Tenable entered into a new credit agreement, which is comprised of a $375.0 million senior secured term loan facility and $50.0 million senior secured revolving credit facility. JPMorgan Chase Bank, Morgan Stanley Senior Funding, Bank of America, and...
Read Story
July 08, 2021, 07:45 AM
|
Acadia Realty Trust closed on a $700 million amended and restated credit facility, which replaces the Company’s existing $600 million credit facility. The amended and restated credit facility provides for an increase in the Company’s existing...
Read Story
July 06, 2021, 07:17 AM
|
Clarus Corporation, a global company focused on the outdoor and consumer enthusiast markets, announced that in connection with its acquisition of Rhino-Rack, it has amended and upsized its existing senior credit facility led by JPMorgan Chase Bank...
Read Story
July 02, 2021, 07:40 AM
|
Sonoco, one of the largest global diversified packaging companies, entered into a new five-year $750 million revolving credit facility with a syndicate of banks. The Credit Agreement replaces an existing credit facility entered into on July 20, 2017...
Read Story
July 01, 2021, 07:23 AM
|
Lakeland Industries, a leading global manufacturer of protective clothing for industry, healthcare and to first responders on the federal, state and local levels, significantly expanded its credit facility with Bank of America in support of its...
Read Story
June 30, 2021, 07:16 AM
|
Stonebriar Commercial Finance closed a new $200 million, three-year committed unsecured revolving credit facility (“RCF”) as the Company continues to diversify funding sources and increase financial flexibility. The RCF will supplement the...
Read Story
June 24, 2021, 08:00 AM
|
Carver Bancorp, the holding company for Carver Federal Savings Bank ("Carver"), a certified Minority Depository Institution ("MDI"), and Bank of America closed a Senior Secured Social Impact Revolving Credit Facility with BlackRock's Alternative...
Read Story
June 18, 2021, 07:33 AM
|
Olympic Steel, a leading national metals service center, amended and extended the maturity of its existing $475 million, five-year asset-based revolving credit facility through June 16, 2026. Bank of America is the Administrative Agent and Joint Lead...
Read Story
June 17, 2021, 07:10 AM
|
Intertape Polymer Group entered into a new five-year $600 million credit facility pursuant to an amendment to its existing credit agreement with a syndicated lending group led by Bank of America as Administrative Agent, and BofA Securities, BMO...
Read Story
June 16, 2021, 07:07 AM
|
Douglas Dynamics refinanced its existing $375 million in senior secured credit facilities with a new $225 million Term Loan A facility and $100 million senior secured revolving credit facility due June 2026. JPMorgan Chase Bank acted as...
Read Story
June 15, 2021, 07:42 AM
|
Gibraltar Business Capital expanded its financing partnership with Bank of America through a new $150MM line of credit.The line of credit provides Gibraltar the necessary capacity to serve its growing portfolio of lower mid-market businesses seeking...
Read Story
May 13, 2021, 07:44 AM
|
Bank of America named Kieth Cockrell as president of Bank of America Charlotte. Cockrell succeeds Charles Bowman, who has served as Charlotte market president since 2007.Bowman will continue in his role as President of North Carolina. He will also...
Read Story
May 12, 2021, 08:07 AM
|
Phibro Animal Health Corporation entered into an amended and restated credit agreement. Under the amended and restated credit agreement, the lenders agreed to extend credit to the Company in the form of Term A loans in an aggregate principal amount...
Read Story
April 26, 2021, 06:00 AM
|
R.R. Donnelley & Sons completed an amendment to the credit agreement for its senior secured asset-based revolving credit facility with Bank of America, JPMorgan Chase Bank, PNC Bank, and Wells Fargo Bank, acting as joint lead arrangers and joint book...
Read Story
April 20, 2021, 08:03 AM
|
Bank of America acquired Axia Technologies (“AxiaMed”), an industry-leading health care payment and technology company focused on facilitating secure patient payments.The acquisition will deepen and expand Bank of America’s payment offerings for...
Read Story
April 05, 2021, 07:24 AM
|
Carpenter Technology Corporation completed a $300 million syndicated credit facility by amending and restating the Company’s existing Credit Agreement which had been set to expire on March 31, 2022. The Credit Facility extends the maturity to March...
Read Story
March 29, 2021, 07:20 AM
|
Bank of America named Heather Albright as President of Bank of America Arkansas. Albright succeeds Donnie Cook who has led the market for the past 16 years and recently announced his retirement earlier this month.As president, Albright will be...
Read Story
March 12, 2021, 06:18 AM
|
According to an 8K filed with the SEC, on March 8, 2021, Illumina, Inc. entered into a credit agreement by and among the Company, as the borrower, the lenders from time to time party thereto and Bank of America, as administrative agent.The Credit...
Read Story
March 09, 2021, 05:00 AM
|
Utz Brands announced the closing of its term loan refinancing. Bank of America, Goldman Sachs and Credit Suisse acted as Joint Bookrunners and Joint Lead Arrangers on the New Term Loan. Bank of America is the Administrative Agent. As part of the...
Read Story
January 21, 2021, 08:33 AM
|
DocuSign, Inc. announced the closing of a new $500 million, five year senior secured revolving credit facility. The facility will be undrawn at closing and carries an accordion feature allowing for an additional $250 million of capacity, subject to...
Read Story
January 12, 2021, 08:33 AM
|
Tuesday Morning and certain of its subsidiaries announced that it has successfully completed its financial and operational reorganization and emerged from Chapter 11.Tuesday Morning is supported by a $110 million asset-backed lending facility...
Read Story
January 05, 2021, 08:21 AM
|
Specialty retailer rue21 (r21 Holdings, Inc.) announced that its strong financial position has enabled it to refinance its existing term loan, increase available liquidity and lower its cost of capital. rue21 amended its asset based credit facility...
Read Story
December 18, 2020, 06:00 AM
|
Sidley represented Invitation Homes Inc. in a $3.5 billion sustainability-linked syndicated credit facility agented by Bank of America, N.A., with BBVA USA acting as Sustainable Agent and Coordinator. The credit facility consists of a US$1 billion...
Read Story
December 16, 2020, 08:44 AM
|
Oaktree Specialty Lending Corporation entered into an amendment to its amended and restated senior secured credit facility among the Company, the lenders party thereto, ING Capital LLC, as administrative agent, ING Capital LLC, JPMorgan Chase Bank, N...
Read Story
December 15, 2020, 08:00 AM
|
SUMR Brands, a global leader in premium infant and juvenile products, announced that it has entered into a Third Amended and Restated Loan and Security Agreement with Bank of America, N.A. that replaces its prior $48.0 million asset-based revolving...
Read Story
October 16, 2020, 08:09 AM
|
Reliance Steel & Aluminum Co. announced that it has entered into an amended and restated $1.5 billion five-year unsecured revolving credit facility that will replace its existing credit agreement. The Facility includes an increase option for up to an...
Read Story
September 08, 2020, 08:00 AM
|
Bank of America announced that Seth Benefield has been named head of Bank of America Business Capital (BABC) and Asset-Based Financing, succeeding Karen Sessions, who was named Head for the Pacific Southwest Region of Global Commercial Banking at...
Read Story
August 28, 2020, 08:15 AM
|
Bank of America has named Ted Janicki as Buffalo market president. Janicki succeeds Market President Kevin Murphy, who recently retired after more than 30 years with Bank of America.As market president, Janicki will be responsible for connecting the...
Read Story
August 19, 2020, 09:05 AM
|
Ritchie Bros. Auctioneers Incorporated, the world's largest industrial auctioneer and a leading equipment distributor, announced the closing of an amendment and extension of its credit agreement totaling US$630 million with a syndicate of lenders...
Read Story
August 18, 2020, 08:55 AM
|
Key Tronic Corporation, a provider of electronic manufacturing services (EMS), announced the closing of a new credit facility to aid with expected growth.On August 14, 2020, Key Tronic Corporation and certain of its domestic subsidiaries entered into...
Read Story
August 18, 2020, 08:50 AM
|
lululemon athletica inc. announced that it has entered into a definitive agreement to acquire MIRROR, a leading in-home fitness company that created an interactive workout platform that features live and on-demand classes, for a purchase price of...
Read Story
July 07, 2020, 09:00 AM
|
The Brink’s Company announced an amendment to its existing credit agreement that provides long-term covenant relief and added flexibility to execute its strategic plan. The amendment changes the methodology for calculating the company’s leverage...
Read Story
June 15, 2020, 08:55 AM
|
Danaher entered into a new $2.5 billion 364-day revolving credit facility (the “Credit Facility”) with Bank of America, N.A., as Administrative Agent, and a syndicate of lenders from time to time party thereto, which replaces the existing $5.0...
Read Story
June 11, 2020, 08:55 AM
|
Macy’s, Inc. announced the closing on approximately $4.5 billion of new financing, including its previously announced $1.3 billion of 8.375% senior secured notes, as well as a new $3.15 billion asset-based credit agreement. In addition, the company...
Read Story
June 09, 2020, 09:19 AM
|
ABM, a leading provider of facility solutions, announced it has successfully completed an amendment to its senior, secured credit agreement. The Company is a party to a syndicated credit facility comprised of an $800 million revolving line of credit...
Read Story
June 03, 2020, 09:30 AM
|
Regis Corporation, a leader in the haircare industry, whose primary business is franchising, owning, and operating technology enabled hair salons, announced that it successfully amended its $295 million revolving credit facility that expires in March...
Read Story
May 20, 2020, 08:55 AM
|
Guess?, Inc. entered into an Amendment Number Three to Loan, Guaranty and Security Agreement (the “Third Amendment”) by and among the Company, Guess? Retail, Inc., Guess.com, Inc. (collectively, the “U.S. Borrowers”), Guess? Canada Corporation...
Read Story
April 22, 2020, 08:59 AM
|
After posting a dismal earnings report, with a 45% drop in profits for the first quarter, Bank of America announced it will set aside $3.6 billion to cover delinquent loans in the quarter.JPMorgan Chase and Wells Fargo have taken similar actions....
Read Story
April 16, 2020, 09:16 AM
|
Global real estate investment company Kennedy Wilson (NYSE: KW) today announced that its wholly owned subsidiary Kennedy-Wilson, Inc. has extended its existing $500 million unsecured corporate revolving credit facility with a global group of nine...
Read Story
March 26, 2020, 09:25 AM
|
TopBuild Corp. (BLD) the leading installer and distributor of insulation and building material products in the United States, has entered into a new term loan and revolving credit facility, replacing its previous senior secured facilities. Total...
Read Story
March 24, 2020, 09:02 AM
|
Radiant Logistics, Inc. announced that it has secured a new $150.0 million syndicated secured revolving credit facility to replace its existing $75.0 million revolving facility. The Secured Facility enhances the Company's financial flexibility...
Read Story
March 17, 2020, 09:05 AM
|
Bank of America has named Terry Cline as market president for Knoxville, TN. Cline succeeds Market President John Hall, who will continue to serve on the Knoxville leadership team.As market president, Cline will be responsible for connecting the...
Read Story
March 11, 2020, 08:00 AM
|
Atlas Corp. announced the closing of its $285 million senior secured financing on behalf of its wholly owned subsidiary, APR Energy Ltd., a global leader in fast-track mobile power solutions. The financing program consists of pari passu senior...
Read Story
March 10, 2020, 09:05 AM
|
Pier 1 Imports, Inc. (“Pier 1” or the “Company”) announced that it has entered into a Plan Support Agreement (the “PSA”) with a majority of its term loan lenders and is pursuing a sale of the Company. To facilitate an orderly sale process and...
Read Story
February 18, 2020, 09:03 AM
|
Griffon Corporation announced that it amended and restated its revolving credit facility to increase the size of the facility from $350 million to $400 million and extend maturity from March 22, 2021 to March 22, 2025.Bank of America acts as...
Read Story
January 31, 2020, 09:05 AM
|
Sequential Brands Group, Inc. amended its Third Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent and collateral agent and the lenders party thereto. The loans under the Amended BoA Credit Agreement will be...
Read Story
January 03, 2020, 08:45 AM
|
Bank of America has named Alberto Garofalo as market president for New Jersey. Garofalo succeeds Market President Bob Doherty, who continues to serve on the New Jersey leadership team and as a wholesale credit manager for the Healthcare, Education...
Read Story
December 20, 2019, 08:55 AM
|
Roaring Fork Intermediate, LLC, a Delaware limited liability company (“Holdings”), and Ping Identity Corporation, a Delaware corporation (the “Borrower”), each a wholly-owned subsidiary of Ping Identity Holding Corp., entered into a credit agreement...
Read Story
December 13, 2019, 08:55 AM
|
Kirkland's, Inc. announced it has amended and extended its $75 million senior secured credit facility with Bank of America, N.A. The $75 million credit facility, with a maturity date of December 2024, replaces the previous facility that was set to...
Read Story
December 12, 2019, 08:00 AM
|
SKECHERS USA, Inc., a global footwear leader, announced the closing of a new $500 million, five-year, senior unsecured credit facility. This new credit facility replaces the $250 million asset-backed credit facility that Skechers entered into in 2015...
Read Story
November 27, 2019, 08:55 AM
|
Lawson Products, Inc. (LAWS) a distributor of products and services to the MRO marketplace, has entered into a new credit agreement increasing its maximum borrowing capacity from $40 million to $100 million. The new agreement also includes an...
Read Story
October 14, 2019, 08:45 AM
|
NIKE, Inc. entered into a Credit Agreement with Bank of America, N.A., as Administrative Agent, Citibank N.A., as Syndication Agent, Deutsche Bank Securities Inc., HSBC Bank USA, National Association and JPMorgan Chase Bank, N.A., as Co-Documentation...
Read Story
August 21, 2019, 08:40 AM
|
Celadon Group, Inc. (CGIP) announced that it has refinanced its former revolving credit facility and obtained $165 million in new financing.According to a regulatory filing, Bank of America served as Administrative Agent to the new financing which...
Read Story
August 02, 2019, 08:55 AM
|
Global Payments Inc. (GPN), a worldwide provider of payment technology and software solutions, successfully closed a new senior unsecured $2 billion term loan and an unsecured $3 billion revolving credit facility on July 9, 2019 in connection with...
Read Story
July 22, 2019, 08:50 AM
|
Bank of America announced that it will no longer finance companies that operate private prisons, barely four months after a similar move by JPMorgan Chase.The decision, reported by multiple media outlets, comes amid increasing public pressure on the...
Read Story
June 27, 2019, 09:00 AM
|
MoneyGram International, Inc. reported that it has entered into a new first lien credit agreement and a new second lien credit agreement, each with Bank of America, N.A. acting as administrative agent.The new agreements provide for:
a first lien...
Read Story
June 27, 2019, 08:45 AM
|
TransPerfect, a New York-based provider of language and technology solutions for global business, refinanced its existing credit facility.A new $450 million credit facility (consisting of a $400m term loan and a $50m revolving credit line) will...
Read Story
June 21, 2019, 08:55 AM
|
Brian Moynihan, Chief Executive Officer at Bank of America, was recognized as one of the most Influential thought leaders of 2019 by Barron,s Magazine, the Publication announced.Moynihan, 59, took over in 2010 when Bank of America, still mired in...
Read Story
June 17, 2019, 08:00 AM
|
HCP, Inc. announced that it has closed an amended and restated credit agreement providing for a $2.5 billion unsecured revolving credit facility and a new $250 million unsecured term loan facility.The amendment and restatement increased the size of...
Read Story
May 28, 2019, 08:45 AM
|
The ONE Group Hospitality, Inc. announced the successful closing of a new credit facility on May 15, 2019 that includes a $10.0 million term loan and a new $10.0 million revolving credit facility. The new credit facility bears an interest rate of...
Read Story
May 17, 2019, 08:45 AM
|
U.S. entrepreneurs continue to project a strong business outlook this spring even as confidence in the national and local economy weakened, according to the spring 2019 Bank of America Business Advantage Small Business Owner Report. Health care costs...
Read Story
May 06, 2019, 09:00 AM
|
Hyster-Yale Materials Handling, Inc., its wholly owned subsidiaries, Hyster-Yale Group, Inc., Hyster-Yale Nederland B.V., Hyster-Yale International B.V., Hyster-Yale Holding B.V., Bolzoni Capital Holding B.V., Hyster-Yale UK Limited, Bolzoni Capital...
Read Story
April 09, 2019, 08:40 AM
|
Charlotte Russe Holdings Corporation together with its subsidiaries announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware on February 3, 2019....
Read Story
February 05, 2019, 07:32 AM
|
Gibraltar Industries, Inc., a manufacturer and distributor of building products for the residential, industrial, infrastructure, and renewable energy and conservation markets, announced that it has closed on a new $400 million five-year revolving...
Read Story
January 28, 2019, 07:12 AM
|
Walgreens Boots Alliance, Inc., the largest retail pharmacy, health and daily living destination across the U.S. and Europe, entered into a revolving credit agreement with the lenders from time to time party thereto and Bank of America, N.A., as...
Read Story
December 26, 2018, 08:10 AM
|
Boston Scientific Corporation entered into a $2.750 billion revolving credit agreement by and among the Company, as borrower, the several lenders party thereto, Bank of America, N.A., as syndication agent and Wells Fargo Bank, National Association...
Read Story
December 26, 2018, 08:07 AM
|
Rite Aid Corporation announced that it has entered into a new senior secured credit agreement, consisting of a $2.7 billion senior secured asset-based revolving credit facility and a $450 million “first-in, last out” senior secured term loan facility...
Read Story
December 21, 2018, 09:03 AM
|
Bank of America Kansas City Market President Gary Jankowitz is stepping down to focus on his new line-of-business responsibilities and will be passing the leadership role of market president on to Global Commercial Banking Market Executive Matt...
Read Story
December 11, 2018, 07:16 AM
|
Barnes Group Inc. entered into an amendment to its existing revolving credit agreement with certain participating banks and financial institutions. Bank of America, N.A. continues to act as Administrative Agent for the lenders. The Company, together...
Read Story
October 26, 2018, 07:07 AM
|
Destination Maternity Corporation announced that it has signed a commitment letter with Bank of America for a new five year $76 million facility to refinance and replace the Company’s existing $50 million asset based loan and $25 million term loan....
Read Story
September 27, 2018, 07:09 AM
|
Cracker Barrel Old Country Store, Inc.announced that it has entered into a five-year $950 million revolving line of credit. This new credit facility replaces the previous $750 million revolving line of credit. Merrill Lynch, Pierce, Fenner & Smith...
Read Story
September 10, 2018, 08:00 AM
|
Methode Electronics, Inc., a global developer of custom engineered and application-specific products and solutions, announced that it has entered into a definitive agreement to acquire Grakon Parent, Inc. (Grakon), a global designer and manufacturer...
Read Story
August 21, 2018, 07:16 AM
|
MGM Growth Properties LLC announced that it has completed the previously announced acquisition of the Hard Rock Rocksino Northfield Park for approximately $1.06 billion from Milstein Entertainment LLC. MGP funded the acquisition with cash on hand and...
Read Story
July 09, 2018, 07:06 AM
|
iRobot Corporation entered into a First Amendment to Amended and Restated Credit Agreement to its existing unsecured revolving credit facility with Bank of America, N.A. dated December 20, 2013, and a First Amendment to Amended and Restated...
Read Story
July 06, 2018, 07:01 AM
|
IQVIA Inc., a wholly-owned subsidiary of IQVIA Holdings Inc. announced that it has placed approximately $1.65 billion of USD and EUR term B loans.Accoring to an 8K filing, Bank of America, N.A. served as administrative agent and as collateral agent....
Read Story
June 13, 2018, 07:07 AM
|
PBF Holding Company LLC, and PBF Energy Inc., entered into a new asset-based revolving credit agreement, among PBF, Bank of America, National Association, as administrative agent, and certain other lenders. The 2018 Revolving Loan replaced the...
Read Story
May 08, 2018, 07:27 AM
|
Total System Services, Inc. entered into a Credit Agreement with Bank of America, N.A., as Administrative Agent and L/C Issuer, JPMorgan Chase Bank, N.A., as Syndication Agent, MUFG Bank, Ltd., Capital One, N.A., Regions Bank, SunTrust Bank, TD Bank...
Read Story
April 24, 2018, 07:10 AM
|
The financial institution that recently agented a $193 million debtor-in-possession financing for bankrupt gunmaker Remington says that going forward it will no longer provide capital to companies that produce civilain-style assault rifles, like the...
Read Story
April 13, 2018, 07:30 AM
|
Danaher Corporation entered into a new $1 billion 364-day revolving credit facility with Bank of America, N.A., as Administrative Agent, and a syndicate of lenders from time to time party thereto. The Credit Facility expires on March 22, 2019....
Read Story
March 28, 2018, 07:13 AM
|
Hanger, Inc. entered into a Credit Agreement by and among the Company, the various financial institutions party thereto as lenders and issuers, and Bank of America, N.A., as agent.
The Credit Agreement provides for (i) a revolving credit facility...
Read Story
March 07, 2018, 07:00 AM
|
Ashford announced that it has entered into a new $35 million senior revolving credit facility with Bank of America, N.A. The credit facility provides for a three-year revolving line of credit and bears interest at a range of 3.0% - 3.50% over LIBOR...
Read Story
March 05, 2018, 07:20 AM
|
Fresh Del Monte Produce Inc. announced that its North America subsidiary, Del Monte Fresh Produce N.A., Inc. completed its previously announced acquisition of Mann Packing Co., Inc., an award-winning innovator and leading grower, processor and...
Read Story
February 28, 2018, 07:29 AM
|
Conagra Brands, Inc. entered into a Term Loan Agreement with Bank of America, N.A., as administrative agent and lender. The Credit Agreement provides for term loans to the Company in an aggregate principal amount not in excess of $300.0million.On...
Read Story
February 28, 2018, 07:13 AM
|
Tops Markets, LLC announced that it is pursuing a financial restructuring in order to eliminate a substantial portion of debt from the Company’s balance sheet and position Tops for long-term success.Tops stores across the Company’s portfolio in...
Read Story
February 23, 2018, 07:10 AM
|
Xplore Technologies, a provider of rugged tablet PCs, announced that it has entered into an amendment to its secured line of credit with Bank of America increasing the maximum revolver amount to $20 million. The original facility was entered into in...
Read Story
January 29, 2018, 07:22 AM
|
The Bon-Ton Stores, Inc. announced that it has entered into forbearance agreements with its ABL Credit Agreement lenders and an ad hoc group of holders of approximately 75% in aggregate principal amount of the Company's 8.0% Second Lien Secured Notes...
Read Story
January 17, 2018, 07:44 AM
|
Olympic Steel Inc., a national metals service center, announced that it has entered into an amended and restated five-year loan and credit agreement. The amended and restated facility, led by Bank of America as agent bank, replaces the Company’s...
Read Story
December 13, 2017, 07:40 AM
|
Entravision Communications Corporation, a diversified media company serving Latino audiences and communities, announced it has entered into a new $300 million secured bank credit facility. The New Facility replaces the company's existing senior...
Read Story
December 01, 2017, 07:31 AM
|
CME Group Inc., an American financial market company operating a options and futures exchange, entered into a new multi-currency revolving credit facility with each of the banks from time to time party thereto; Bank of America, N.A., as...
Read Story
November 28, 2017, 07:09 AM
|
The Bon-Ton Stores, Inc. announced that it has amended its $880 million ABL Tranche A and Tranche A-1 credit facility, providing the Company with immediate flexibility and substantial additional liquidity under its current credit facility.According...
Read Story
October 25, 2017, 07:20 AM
|
HCP, Inc., a Maryland-based Real Estate Investment Trust,, entered into a Credit Agreement, by and among the Company, as borrower, the lenders referred to therein, and Bank of America, N.A., as administrative agent. The New Credit Agreement provides...
Read Story
October 24, 2017, 07:11 AM
|
Newpark Resources, Inc. announced that it has entered into an Amended and Restated Credit Agreement, which amends and restates the company's previous credit agreement and increases the asset-based revolving loan facility from $90 million to $150...
Read Story
October 20, 2017, 07:08 AM
|
Crawford & Company®, an independent provider of claims management solutions to insurance companies and self-insured entities, announced the execution of a new five-year, $450 million senior secured revolving credit facility with a syndicate of banks...
Read Story
October 13, 2017, 07:42 AM
|
Griffin Capital Company, LLC announced the operating partnership of Griffin Capital Essential Asset REIT, Inc. entered into a loan agreement with Bank of America, N.A., UBS AG and KeyBank National Association for an aggregate loan amount of...
Read Story
October 10, 2017, 07:29 AM
|
BlueLinx Holdings Inc. a distributor of building and industrial products in the United States, announced it has executed an agreement that provides the company with a new five year, $335 million syndicated secured asset based revolving credit...
Read Story
October 10, 2017, 07:22 AM
|
R.R. Donnelley & Sons Company, entered into an asset-based revolving credit facility pursuant to an Amended and Restated Credit Agreement by and among the Company, as borrower, and certain of its subsidiaries, as guarantors, the lenders party thereto...
Read Story
October 04, 2017, 08:05 AM
|
Alexander & Baldwin, a real estate and agriculatural firm, announced that it has amended its revolving credit and private note shelf facilities.
"We're pleased to have closed on the amendments to our revolving credit and private note shelf...
Read Story
September 21, 2017, 07:08 AM
|
Ramco-Gershenson Properties Trust announced that it has closed on its amended and restated $350 million unsecured revolving credit facility. The credit facility matures September 2021 and can be extended one year to 2022 through two six-month options...
Read Story
September 15, 2017, 08:00 AM
|
Capital markets net revenues were down for all five U.S. global trading and universal banks (GTUBs) in the second quarter, both sequentially and year over year (YOY), following a generally strong start to the year, according to Fitch Ratings in its...
Read Story
September 14, 2017, 07:11 AM
|
Textainer Group Holdings Limited, one of the world's largest lessors of intermodal containers, announced that Textainer Marine Containers II Limited, an indirect, wholly-owned subsidiary of the Company, closed a refinancing to extend the term and...
Read Story
September 07, 2017, 07:11 AM
|
Regions Bank announced that Mark Hardison has joined the Healthcare group as Managing Director with an emphasis on covering clients and prospects across the entire healthcare platform. Hardison will report to John Barton, Executive Vice President of...
Read Story
September 06, 2017, 08:16 AM
|
Teleflex Incorporated and NeoTract, Inc. announced that the companies have entered into a definitive agreement under which Teleflex will acquire NeoTract in a transaction valued up to $1.1 billion. Under the terms of the agreement, Teleflex will...
Read Story
September 05, 2017, 08:03 AM
|
Bank of America announced that Berkshire Hathaway Inc. exercised its warrants to purchase 700 million shares of Bank of America common stock using the Series T preferred shares Berkshire Hathaway acquired through its investment in Bank of America in...
Read Story
September 01, 2017, 08:01 AM
|
Discovery Communications, a wholly owned subsidiary of Discovery Communications, Inc., the lenders from time to time party thereto and Bank of America, N.A., as administrative agent, entered into the Amendment No. 1 to Amended and Restated Credit...
Read Story
August 15, 2017, 08:30 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
|
Sonoco, one of the largest diversified global packaging companies, announced it has signed a definitive agreement to acquire 100% of the stock of Clear Lam Packaging, Inc., a family-held developer and manufacturer of flexible and forming plastic...
Read Story
July 25, 2017, 07:13 AM
|
McCormick & Company Inc. announced that it has signed a definitive agreement to acquire Reckitt Benckiser's Food Division from Reckitt Benckiser Group plc for $4.2 billion, subject to certain customary purchase price adjustments.
RB Foods is a...
Read Story
July 20, 2017, 08:00 AM
|
Georgia-based flooring firm Beaulieu Group LLC, doing business as Beaulieu Group LLC, announced that it has commenced a formal proceeding to restructure its balance sheet by filing voluntary petitions under Chapter 11 in the United States Bankruptcy...
Read Story
July 18, 2017, 07:38 AM
|
Helix Energy Solutions Group, Inc. announced that it has entered into an amended and restated credit agreement with a syndicated bank lending group in the amount of $250 million, consisting of a $150 million revolving credit facility and a $100...
Read Story
July 06, 2017, 07:16 AM
|
Mercury Systems, Inc. -- a commercial provider of secure sensor and mission processing subsystems -- announced that it has amended its existing revolving credit facility, increasing and extending the facility into a $400 million, 5-year revolver...
Read Story
June 28, 2017, 07:15 AM
|
Bank of America Business Capital has provided $84 million in credit facilities to Scrap Metal Services, LLC (SMS). Facilities include a $60 million asset based revolving credit facility, a $24.4 million term loan and a $4 million capital expenditure...
Read Story
June 22, 2017, 07:12 AM
|
J. C. Penney Company, Inc. announced that it has completed the refinancing of its $2.35 billion senior secured asset-based revolving credit facility.
The amended and restated facility provides improved pricing terms and extends the maturity from...
Read Story
June 21, 2017, 07:30 AM
|
Nortech Systems Incorporated, a provider of full-service electronics manufacturing services (EMS), announced it has closed a new credit facility of up to $21 million with Bank of America Merrill Lynch with an additional $20 million accordion feature....
Read Story
June 16, 2017, 07:18 AM
|
Following a spate of store closures last month, teen specialty retailer rue21, Inc. announced it has filed a voluntary petition for reorganization under chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Western District of...
Read Story
May 16, 2017, 07:31 AM
|
PRA Group, Inc., a global firm involved in acquiring and collecting nonperforming loans, announced that on May 5, 2017 it amended and restated its North American credit facility. The expanded facility has a five-year term and total facility size of...
Read Story
May 09, 2017, 07:24 AM
|
Trucking firm Celadon has reached an agreement in principle with Bank of America, the agent under its current credit facility, for a new $225 million senior secured revolving credit facility. The Proposed ABL Facility will be used to refinance the...
Read Story
May 02, 2017, 07:18 AM
|
Xplore Technologies, a provider of rugged tablet PCs, announced that it has entered into a new $15 million three-year secured line of credit with Bank of America. The company will also move its commercial banking relationships to Bank of America....
Read Story
April 20, 2017, 07:22 AM
|
ONEOK, Inc. announced a new $2.5 billion, five-year senior unsecured revolving credit facility, to replace the existing ONEOK and ONEOK Partners, L.P. credit facilities.
The new facility will be available upon the completion of the previously...
Read Story
April 19, 2017, 07:16 AM
|
Mercury General Corporation, a multiple-line insurance organization offering personal automobile, homeowners, renters and business insurance, entered into a credit agreement with Bank of America, N.A., as administrative agent, according to a recent...
Read Story
April 04, 2017, 07:13 AM
|
Bloomberg is reporting that a group of banks has agreed to provide a $600 million debt facility to the cloud-storage firm Dropbox, Inc. as the company negotiates an anticipated IPO.
Citing sources familiar with the matter, Bloomberg notes that...
Read Story
March 31, 2017, 07:17 AM
|
Real Alloy Holding, Inc., an indirect, wholly owned subsidiary of Real Industry, Inc., entered into a Revolving Credit Agreement with Bank of America, N.A., acting as a lender, letter of credit issuer, and swingline lender and as agent for all...
Read Story
March 21, 2017, 07:11 AM
|
Basic Energy Services, Inc. announced earlier this month that the Company and its affiliated chapter 11 debtors obtained court approval of their prepackaged restructuring and recapitalization plan (the "Prepackaged Plan"), which received near...
Read Story
December 23, 2016, 07:14 AM
|
Innophos Holdings announced that it has entered into a new senior secured credit facility with a group of bank lenders, increasing the company's borrowing capacity by $125 million to $450 million, while reducing interest rates for the next five years...
Read Story
December 23, 2016, 07:03 AM
|
Opus Bank announced Michael Trivich has joined Opus as Senior Vice President, Senior Credit Administrator – Commercial Banking, responsible for the structuring and decisioning of senior debt financing solutions provided to Opus’ Commercial and...
Read Story
December 14, 2016, 07:21 AM
|
Wells Fargo Capital Finance announced Ryan Chin as managing director for loan originations. Based in Santa Monica, CA, Chin will be focused on originating loans for the Western U.S. region. “We’re excited to leverage Ryan’s breadth of experience and...
Read Story
December 13, 2016, 07:39 AM
|
Almost Family, Inc. has entered into a new five-year $350 million revolving credit facility that increases its financial flexibility through 2021. J.P. Morgan Securities LLC acted as lead book-runner and arranger, while Bank of America, N.A. acted...
Read Story
December 07, 2016, 07:29 AM
|
Erickson Incorporated, a leading global provider of aviation services, announced today that it and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy...
Read Story
November 10, 2016, 07:48 AM
|
CIT Group Inc. announced the appointment of Marisa J. Harney as Executive Vice President, Chief Credit Officer, effective immediately. Harney will report directly to Executive Vice President and Chief Risk Officer Robert Rowe.“We are pleased to have...
Read Story
November 09, 2016, 07:47 AM
|
Sterling National Bank announced Joe Giamartino has joined the bank's Westchester commercial banking team as Senior Managing Director and Senior Vice President.Giamartino will help drive the bank's growth across the middle market, focusing on...
Read Story
November 03, 2016, 07:28 AM
|
Gas Natural Inc. has closed a $92 million debt refinancing following receipt of regulatory approvals to reorganize its utilities within a wholly-owned subsidiary. The financing consists of two components:
A $50 million, 4.23% fixed-rate senior...
Read Story
October 20, 2016, 07:32 AM
|
Basic Energy Services, Inc. announced that the company has successfully obtained an extension of its temporary waiver from Basic's secured asset-based revolver (the "ABL Facility") lenders. As previously announced on October 17, 2016, the Company...
Read Story
October 18, 2016, 07:29 AM
|
Reliance Steel & Aluminum Co. announced that on September 30, 2016 it entered into a new credit agreement comprised of a $1.5 billion unsecured revolving credit facility and a $600 million unsecured term loan. The new credit agreement, which has a...
Read Story
October 03, 2016, 07:35 AM
|
International Speedway Corporation has amended and extended its $300 million revolving credit facility provided by multiple lenders. The amendment extends the final maturity of the facility from November 2017 to September 2021. The Facility can...
Read Story
September 29, 2016, 07:36 AM
|
JLL Income Property Trust, an institutionally managed, daily valued perpetual life REIT, announced it amended its revolving line of credit increasing its borrowing capacity to $150 million. The amended credit facility has a one year term with a six...
Read Story
September 27, 2016, 07:17 AM
|
Bibby Financial Services (BFS) announced the expansion of its executive leadership team with the addition of Todd Ferrara as Executive Vice President, Head of Change & Project Management – North America, Jeff Mitchell as Senior Vice President...
Read Story
September 13, 2016, 07:23 AM
|
Performance Sports Group Ltd., a leading developer and manufacturer of high performance sports equipment and apparel, announced that it has executed amendments to its asset-backed revolving credit facility and secured term-loan credit facility that...
Read Story
September 02, 2016, 07:11 AM
|
Regional Management Corp., a diversified consumer finance company, announced today that it has amended its senior revolving credit facility agreement. The committed line under the credit facility has increased to $585 million from its previous amount...
Read Story
August 30, 2016, 07:17 AM
|
The Bon-Ton Stores, Inc. announced that it has successfully completed the closing of a new $150 million ABL Term Loan that matures in March 2021. According to an 8-K filing with the SEC, Bank of America served as adminstrative agent on the loan. The...
Read Story
August 16, 2016, 07:41 AM
|
Patrick Industries reported its financial results for the second quarter and six months ended June 26, 2016. The company also announced that it expanded its existing credit facility to $360 million. On July 26, 2016, the company amended its...
Read Story
July 29, 2016, 07:49 AM
|
BroadStreet Partners, a top-20 national insurance brokerage, announced the addition of $195 million to its bank facility, which fuels the growth of its partner independent insurance agencies throughout the United States. The bank facility grew to...
Read Story
July 29, 2016, 07:34 AM
|
Global Brass and Copper Holdings, Inc. announced, that on July 18, 2016, it refinanced its debt structure by retiring its senior secured notes and entering into new asset-based revolving credit and long term debt (the “Term Loan B Credit Agreement”)...
Read Story
July 25, 2016, 08:04 AM
|
AAC Holdings, Inc. announced it has increased its senior secured credit facility from $121.25 million to $171.25 million, consisting of a $50 million revolving credit facility and a $121.25 million term loan. The facility is scheduled to mature in...
Read Story
July 14, 2016, 07:09 AM
|
Bats Global Markets, Inc., a leading global operator of exchanges and services for financial markets, announced the refinancing of the company’s outstanding $656 million of term loans and $100 million revolving credit facility (collectively, the...
Read Story
July 05, 2016, 08:00 AM
|
L.B. Foster Company has amended its revolving credit facility agreement maturing in March 2020 that decreases the size of the facility and increases the maximum leverage ratio until the first quarter of 2018 when it returns to its original terms and...
Read Story
July 05, 2016, 07:45 AM
|
WNB Specialty Finance announced the addition of William Bogatay as Southwest Regional Manager who will be responsible for all new business in Texas and the contiguous states. Bogatay will assist in expanding WNB’s North American presence by...
Read Story
June 28, 2016, 07:48 AM
|
Capital One announced that Kurt Schaal has joined its Middle Market Commercial Banking team in Fort Worth, TX, as a Senior Vice President. In this role, Schaal will be responsible for building relationships with large and middle-market companies...
Read Story
June 21, 2016, 07:33 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
|
Crestmark welcomes Scott M. Keusch, vice president, senior account executive for the East Division. Keusch, who joins Crestmark with more than 15 years in finance and banking, including experience in asset-based lending and factoring, is based at the...
Read Story
June 15, 2016, 07:53 AM
|
Eldorado Gold Corporation announced that the company has renewed its revolving credit facility. The amended and restated credit agreement includes available credit of U.S.$250 million, an accordion feature of U.S.$100 million, and an extension of the...
Read Story
June 14, 2016, 07:22 AM
|
Wells Fargo Capital Finance announced that their Government Services group has expanded with the addition of two new positions. Greg Wheeless has been named Regional Manager and will lead the team and Linh Phu has been named Business Development...
Read Story
June 01, 2016, 07:58 AM
|
Newpark Resources, Inc. has entered into a new credit agreement, which provides for a $90 million asset-based revolving credit facility ("ABL Facility"). The ABL Facility replaces the existing $150 million credit facility, which has been...
Read Story
May 13, 2016, 07:56 AM
|
Radius Bank, a virtual community bank whose roots are in Boston, MA, announced the addition of a new executive to its senior management team. Philip (Phil) Peters was named Executive Vice President / Chief Operating Officer. A seasoned banking...
Read Story
May 12, 2016, 07:19 AM
|
Nortek, Inc, a global diversified industrial company with leading brands and innovative air management and technology-driven solutions for residential and commercial applications, has successfully completed amendments to its asset-based revolving...
Read Story
May 11, 2016, 08:01 AM
|
CEB, a best practice insight and technology company, has closed its previously announced acquisition of Evanta Ventures, Inc. and an affiliated business. Portland, Ore.-based Evanta fosters collaboration and the exchange of best practices between...
Read Story
May 03, 2016, 07:11 AM
|
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...
Read Story
April 21, 2016, 07:43 AM
|
Kennametal Inc. announced the signing of a $600 million five-year credit agreement. This syndicated bank facility amends and restates Kennametal's prior loan agreement. It contains enhanced covenant adjustments relative to the company's amended 2010...
Read Story
April 18, 2016, 07:51 AM
|
McGrath RentCorp, a diversified business-to-business rental company, has renewed its $420 million credit facility with a syndicate of banks. The five year facility matures on March 31, 2021 and replaces the company’s existing $420 million line of...
Read Story
April 06, 2016, 07:45 AM
|
Huttig Building Products, a leading domestic distributor of millwork, building materials and wood products, has entered into an agreement to add both Bank of America, N.A., and JPMorgan Chase Bank, N.A. to its $160 million senior secured credit...
Read Story
March 22, 2016, 07:48 AM
|
Santander Bank has appointed Siobhan Schroth to the role of head, middle-market banking in its Corporate and Commercial Banking division. Schroth joined Santander in September 2015, bringing to the company nearly 30 years of banking experience in...
Read Story
March 10, 2016, 08:01 AM
|
Suburban Propane Partners, L.P., a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, announced the refinancing of the senior secured credit facility (the "Revolving...
Read Story
March 04, 2016, 07:33 AM
|
Swift Capital, a leading provider of working capital for small businesses, announced that Adam Block has just joined the company as head of finance. Block is the latest of three prominent executive team hires including Doug Bland, president and chief...
Read Story
February 17, 2016, 07:28 AM
|
SunOpta Inc., a leading global company focused on organic, non-genetically modified and specialty foods, entered into a new five-year credit agreement for a senior secured asset-based revolving credit facility in the maximum aggregate principal...
Read Story
February 12, 2016, 07:51 AM
|
Popeyes Louisiana Kitchen, Inc., the franchisor and operator of Popeyes® restaurants, announced the completion of a new, five-year $250 million revolving credit facility on January 22, 2016. At closing, the stated interest under the new facility is...
Read Story
January 26, 2016, 07:06 AM
|
Trex Company has completed an amendment to its senior secured credit facility. The amended cash flow lending facility, obtained through Bank of America, Citibank, N.A., Capital One, N.A., and SunTrust Bank, is a seasonal facility that provides for a...
Read Story
January 14, 2016, 07:14 AM
|
Quanta Services, Inc. has entered into an amended and restated credit agreement with a syndicate of lenders led by Bank of America, N.A. and JPMorgan Chase Bank, N.A., which increased the capacity under its senior secured revolving credit facility...
Read Story
December 21, 2015, 07:15 AM
|
Bank of America announced that Paul Lambert has been named market president, serving as the company’s enterprise leader in Chicago. Lambert will succeed Tim Maloney who led the market since 2009 and intends to retire in early 2016.In this role...
Read Story
December 18, 2015, 07:46 AM
|
DHI Group, Inc.,formerly known as Dice Holdings, Inc., has entered into a five-year $250 million senior secured revolving credit facility scheduled to mature in November 2020. The new facility replaces the company's previous facilities, which...
Read Story
December 01, 2015, 07:21 AM
|
Sterling National Bank announced Ernest Pelli has joined its asset-based lending division as managing director. Pelli will serve middle-market commercial companies across the country, with particular emphasis on manufacturing, wholesale operations...
Read Story
November 10, 2015, 08:01 AM
|
CDI Corp. entered into a new secured credit agreement providing for up to $150 million in revolving loans. Bank of America, N.A., acted as administrative agent, joint lead arranger and joint book-runner. Bank of Montreal acted as joint lead arranger...
Read Story
November 05, 2015, 07:57 AM
|
Capital One Bank announced the appointment of Britt O’Rourke to the Commercial Banking team in the Greater New York region. O’Rourke joins Capital One as a Senior Vice President and will focus on providing commercial banking services and solutions to...
Read Story
October 20, 2015, 07:23 AM
|
Dell Inc. and EMC Corporation announced they have signed a definitive agreement under which Dell, together with its owners, Michael S. Dell, founder, chairman and chief executive officer of Dell, MSD Partners and Silver Lake, the global leader in...
Read Story
October 13, 2015, 07:53 AM
|
H&R Block, Inc. announced its wholly owned subsidiary, Block Financial LLC, entered into a new five-year, $2.0 billion Credit and Guarantee Agreement. JPMorgan Chase Bank, N.A. acted as the administrative agent, and Bank of America, N.A., SunTrust...
Read Story
September 22, 2015, 07:39 AM
|
Regional Management Corp., a diversified specialty consumer finance company, has amended and restated its senior revolving credit facility agreement, receiving an increase in the committed line under the credit facility to $538 million from its...
Read Story
September 21, 2015, 07:38 AM
|
Quiksilver, Inc. announced that the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) has approved a variety of First Day Motions related to its voluntary chapter 11 restructuring. Collectively, the orders granted...
Read Story
September 11, 2015, 07:36 AM
|
Quiksilver, Inc. announced that it commenced voluntary proceedings for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) for its U.S. subsidiaries....
Read Story
September 10, 2015, 07:31 AM
|
Amedisys, Inc., one of America's leading home health and hospice care companies, announced that on August 28, 2015, it entered into a new $300 million secured credit facility. It consists of a $100 million five-year amortizing Term Loan A and a $200...
Read Story
September 02, 2015, 07:17 AM
|
PNC Bank, N.A. announced the addition of Michele Scafani, senior vice president and senior business development officer with the senior secured financing team in the Western Region. Based in San Francisco, Scafani will be responsible for business...
Read Story
August 25, 2015, 07:39 AM
|
CraftWorks Restaurants & Breweries, Inc., the largest craft brewery restaurant operator in the country, announced the completion of a successful $172.5 million refinance of its existing senior debt facility. On the heels of this transaction, the...
Read Story
August 24, 2015, 07:42 AM
|
Ryan, a leading global tax services firm, has successfully refinanced its long-term debt and secured a $300 million syndicated credit facility. Led by Goldman Sachs and Bank of America, this new facility includes 15 institutional lenders and four...
Read Story
August 17, 2015, 07:36 AM
|
Del Taco Restaurants, Inc., the second largest Mexican-American QSR chain by units in the United States, announced the closing of a new five-year $250 million senior credit facility. The new revolving credit facility bears an initial interest rate...
Read Story
August 06, 2015, 07:46 AM
|
KeyBanc Capital Markets announced the expansion of its Corporate Banking Group in California. Gerry Barredo joined the bank as Managing Director and Head of the California Corporate Banking Region, based in San Francisco. In addition, Jojo Kochaphum...
Read Story
August 04, 2015, 08:03 AM
|
Univar Inc. announced today that Univar and certain of its wholly-owned subsidiaries have entered into a new credit agreement with Bank of America, N.A., as U.S. administrative agent, Bank of America, N.A. (acting through its Canada branch), as...
Read Story
July 30, 2015, 08:04 AM
|
Bank of America Chief Executive Officer Brian Moynihan today announced changes to the company’s management team.“The quarterly results we announced last week showed once again how far we have come on our journey over the past few years,” Moynihan...
Read Story
July 23, 2015, 07:28 AM
|
Abengoa Yield has increased its existing $125 million credit facility with a revolver Tranche B for an additional amount of $290 million. Tranche B was closed with Bank of America as global coordinator and joint bookrunner, HSBC as agent and joint...
Read Story
July 20, 2015, 07:18 AM
|
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...
Read Story
July 02, 2015, 07:23 AM
|
FTI Consulting has entered into a five-year, $550.0 million senior secured revolving line of credit. The credit facility effectively amends and extends the maturity date of the company's existing $350.0 million credit facility from November 27, 2017...
Read Story
July 01, 2015, 08:01 AM
|
Ducommun Incorporated entered into a new $475 million credit agreement – consisting of a $200 million revolving credit facility and a $275 million term loan facility – to replace its existing debt structure. In connection with the transaction, the...
Read Story
June 29, 2015, 07:38 AM
|
IDEX Corporation announced it has closed a new five year, $700 million senior revolving credit facility. The facility was financed through a syndication of 10 financial institutions, co–led by Bank of America, N.A., JP Morgan Chase, N.A., and Wells...
Read Story
June 24, 2015, 07:49 AM
|
Bloomberg reported that Bank of America Corp. hired Jeffrey Peek, who ran commercial lender CIT Group Inc. for six years, as an executive vice chairman in the global investment bank.Bloomberg reported Peek, most recently a vice chairman at Barclays...
Read Story
June 08, 2015, 07:57 AM
|
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...
Read Story
June 08, 2015, 07:21 AM
|
Dave & Buster's Entertainment, Inc. announced that it closed a five-year $500 million senior credit facility, which is a senior secured obligation of Dave & Buster's, Inc., and guaranteed by Dave & Buster's Holdings, Inc. and certain of Dave & Buster...
Read Story
May 18, 2015, 08:03 AM
|
Exide Technologies, a global leader in stored electrical-energy solutions, announced that its Plan of Reorganization became effective today and that the company has emerged from Chapter 11 as a newly reorganized company. As previously announced, the...
Read Story
May 01, 2015, 07:56 AM
|
Summer Infant, Inc. announced that it has completed a restructuring of its debt to include a $60 million revolving credit facility, a $5 million "first in last out" (FILO) facility and $10 million term loan facility, replacing the $80 million...
Read Story
April 23, 2015, 08:04 AM
|
Masonite International Corporation entered into an Amended and Restated $150 million asset-based revolving credit facility, which is secured by the company’s inventory and accounts receivable in the United States and Canada. The company increased the...
Read Story
April 10, 2015, 07:09 AM
|
DeVry Education Group announced that it has entered into a new, secured revolving credit agreement. The amount of borrowing capacity available under the credit agreement is $400 million. Subject to certain conditions set forth in the credit agreement...
Read Story
April 07, 2015, 07:33 AM
|
United Rentals, Inc. and certain of their subsidiaries announced they entered into a Second Amended and Restated Credit Agreement which provides for a senior secured asset-based loan facility of $2,500 million, a portion of which is available for...
Read Story
April 01, 2015, 06:46 AM
|
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...
Read Story
March 31, 2015, 08:02 AM
|
Rand Logistics, Inc. closed a $170 million revolving loan facility which refinanced approximately $102.0 million of the company's senior secured debt and increases credit availability.The refinancing accomplishes the following financial...
Read Story
March 31, 2015, 07:31 AM
|
Dean Foods Company announced it has entered into a new $450 million senior secured revolving credit facility. The new credit agreement contains an accordion feature that allows the company, subject to certain conditions, to increase the amount of...
Read Story
March 27, 2015, 07:58 AM
|
The Standard Register Company announced that it and its subsidiaries have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.The Company also announced that it is...
Read Story
March 13, 2015, 07:47 AM
|
Cal Dive International, Inc. and its U.S. subsidiaries have filed simultaneous voluntary petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under the provisions of Chapter 11 of the U.S. Bankruptcy Code. The...
Read Story
March 04, 2015, 08:06 AM
|
NorthStar Alarm Services, LLC, has increased its credit facility to $80 million, doubling its facility since the company’s recapitalization with Bank of America, Goldman Sachs and The Beekman Group, 20 short months ago. Bank of America remains the...
Read Story
February 24, 2015, 08:07 AM
|
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...
Read Story
December 30, 2014, 07:19 AM
|
Evraz Plc, an integrated steel, mining and vanadium business, said its North American subsidiary, EVRAZ North America, has closed the renewal and amendment of its asset-based revolving credit. The new facility is $515 million and has the same...
Read Story
December 29, 2014, 08:11 AM
|
Kforce Inc., a provider of professional staffing services and solutions, has entered into a Third Amendment to its current credit facility with a syndicate of banks led by Bank of America and also including Wells Fargo, JPMorgan Chase and BMO Harris...
Read Story
December 24, 2014, 07:13 AM
|
First Midwest Bancorp announced that Victor P. Carapella, Executive Vice President and Director of Commercial Banking, has informed the company of his decision to retire on March 31, 2015."I want to thank Vic for his 27 years of dedicated service to...
Read Story
December 23, 2014, 07:49 AM
|
Equinix, Inc., the global interconnection and data center company, announced the closing of its $1.5 billion five-year senior secured credit facility with a syndicate of eleven financial institutions. The senior credit facility consists of a $1.0...
Read Story
December 19, 2014, 07:18 AM
|
Celadon Group, Inc. has increased its credit facility to $300 million and reset the term on its five-year, revolving credit facility agented by Bank of America. The facility will continue to be used to provide for ongoing working capital needs and...
Read Story
December 18, 2014, 07:47 AM
|
El Pollo Loco Holdings, Inc. has successfully closed on a new five-year $200 million senior secured credit facility. The new facility replaces the company's existing $205 million senior credit facility, which had an outstanding term loan balance of...
Read Story
December 12, 2014, 08:06 AM
|
Opus Bank announced Matt Christensen has joined Opus as Senior Managing Director, Commercial Banking – Northern California within Opus’ Commercial Bank, and as Senior Managing Director, Corporate Finance within Opus’ Merchant Bank. Christensen, a...
Read Story
December 09, 2014, 08:03 AM
|
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...
Read Story
December 03, 2014, 07:22 AM
|
Boingo Wireless, Inc. announced that the company entered into a new credit agreement, dated November 21, 2014, with Bank of America Merrill Lynch and Silicon Valley Bank. Bank of America Merrill Lynch will serve as the sole lead arranger and sole...
Read Story
December 01, 2014, 07:53 AM
|
Hudson's Bay Company has announced plans for a U.S.$1.25 billion, 20-year mortgage on the ground portion of its Saks Fifth Avenue flagship in New York City, located at 611 Fifth Avenue (the “Saks Ground Mortgage”). This transaction is expected to...
Read Story
November 25, 2014, 07:07 AM
|
Merkle, a leading technology-enabled, data-driven customer relationship marketing (CRM) firm and the nation’s largest privately held agency, announced that it has closed an amendment to provide capacity to upsize its credit facility to $325 million...
Read Story
November 14, 2014, 07:24 AM
|
Destination XL Group, the largest multi-channel specialty retailer of big & tall men's apparel, has increased its existing asset-based revolving line of credit with Bank of America, N.A. by $25 million to $125 million. In addition, the company...
Read Story
November 03, 2014, 07:23 AM
|
Oceaneering International, Inc. entered into a new credit agreement providing for a $300 million three-year delayed-draw term loan and a $500 million five-year revolving credit facility. The new credit agreement replaces a prior agreement that was...
Read Story
October 28, 2014, 07:13 AM
|
National HealthCare Corporation, the nation’s oldest publicly traded senior health care company,has renewed its $75 million line of credit with Bank of America.Robert Adams, CEO, stated: “We are pleased to complete our seventh amendment to our Credit...
Read Story
October 23, 2014, 07:11 AM
|
Citizens Commercial Banking, the commercial banking division of Citizens Financial Group, announced it has provided $86 million in new financing to Pleasanton, CA-based Golden Gate Bell, LLC for the acquisition of the 72-unit Taco Bell franchisee...
Read Story
October 21, 2014, 07:38 AM
|
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...
Read Story
October 20, 2014, 07:26 AM
|
Eagle Rock Energy Partners, L.P. has amended its five-year senior secured credit facility originally entered into on June 22, 2011 with a syndicate of banks led by Wells Fargo, N.A. as administrative agent, and Bank of America, N.A. and Royal Bank of...
Read Story
October 15, 2014, 06:40 AM
|
KMG Chemicals, Inc. a global provider of specialty chemicals in select markets, announced that it has replaced its existing credit facility with Wells Fargo Bank, N.A. and Bank of America, N.A., and entered into a new revolving credit facility with...
Read Story
October 10, 2014, 07:13 AM
|
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...
Read Story
October 07, 2014, 07:53 AM
|
Reuters reports Angelo Gordon has set up a middle-market direct lending business with the appointment of Chris Williams and Trevor Clark. Williams and Clark co-founded and built the direct lending business at Madison Capital Funding.Williams and...
Read Story
September 30, 2014, 07:21 AM
|
Hill International has successfully closed a refinancing of the company's senior debt facilities with Société Générale. This transaction, which was arranged by SG Americas Securities, LLC, the U.S. broker-dealer affiliate of Société Générale...
Read Story
September 29, 2014, 07:23 AM
|
PharMerica Corporation, a national provider of institutional specialty home infusion hospital and oncology pharmacy services, announced that it has successfully closed on a new credit agreement. PharMerica will use the facilities for general...
Read Story
September 22, 2014, 07:54 AM
|
American Midstream Partners, LP announced today the execution of an amended and restated credit facility to increase the borrowing capacity to $500 million, with the option to further increase the borrowing capacity to $700 million, and to extend the...
Read Story
September 09, 2014, 07:03 AM
|
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...
Read Story
August 29, 2014, 07:46 AM
|
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...
Read Story
August 29, 2014, 07:28 AM
|
Zep Inc. announced that it successfully refinanced its credit facility consisting of a new $75 million term loan and a $250 million revolving loan maturing in August 2019. According to an 8-K filing, Bank of America is serving as adminstrative agent ...
Read Story
August 27, 2014, 09:36 AM
|
PBF Energy Inc. announced that its subsidiary, PBF Holding Company LLC, has amended and restated its and its subsidiaries’ revolving credit agreement. Commitments under the facility have increased from $1.6 billion to $2.5 billion, with an accordion...
Read Story
August 18, 2014, 08:04 AM
|
NewBridge Bancorp has launched a middle-market banking group and hired an experienced commercial banking and treasury services team to support this new line of business. This six-person team of seasoned banking professionals will focus on companies...
Read Story
July 21, 2014, 07:46 AM
|
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...
Read Story
July 18, 2014, 07:21 AM
|
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...
Read Story
July 15, 2014, 07:46 AM
|
Integra LifeSciences Holdings Corporation announced that it has established new terms under its credit facility, including an increase in the size of the facility and an extended maturity date, with its bank group led by Bank of America, N.A. and...
Read Story
July 10, 2014, 07:52 AM
|
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...
Read Story
July 01, 2014, 07:16 AM
|
Watsco, Inc. has refinanced its existing unsecured revolving credit agreement led by JPMorgan Chase Bank as Administrative Agent, Bank of America and Wells Fargo Bank as Co-Syndication Agents and U.S. Bank National Association as Documentation...
Read Story
June 30, 2014, 07:15 AM
|
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...
Read Story
June 26, 2014, 07:14 AM
|
Great American Group, Inc., announced the appointment of Daniel Williams as Managing Director of its Advisory and Valuation Services division. Williams has 20 years of experience in asset-based lending which he will use to benefit the Company's...
Read Story
June 25, 2014, 07:17 AM
|
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...
Read Story
June 05, 2014, 07:28 AM
|
Shore Capital Partners, a Chicago-based healthcare focused private equity firm, announced today that it has successfully completed fundraising for Shore Capital Partners Fund I (“Fund I”), which was substantially oversubscribed and closed with $112.5...
Read Story
June 05, 2014, 07:19 AM
|
Gibraltar announced that Eduardo (Eddy) del Rio has joined the firm as Senior Vice President, Loan Originations. Based in Miami, del Rio will be responsible for new business development for factoring and asset-based lines of credit throughout Florida...
Read Story
June 03, 2014, 07:13 AM
|
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....
Read Story
June 02, 2014, 07:48 AM
|
SunTrust Robinson Humphrey (STRH) announced that it has established a new corporate banking office in Boston and hired veteran New England banker Greg Badger as group head of its Boston-based Northeast Corporate Banking team. Badger joins STRH after...
Read Story
May 28, 2014, 06:44 AM
|
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...
Read Story
May 20, 2014, 07:36 AM
|
Carriage Services, Inc. announced the fifth amendment to the Credit Agreement (the "Fifth Amendment") is now effective commensurate with today's closing of that certain Asset Sale Agreement, by certain subsidiaries of each of the Company and Service...
Read Story
May 16, 2014, 06:51 AM
|
Universal Cooperatives, Inc. and its domestic subsidiaries have filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for the District of Delaware for the purpose of maximizing value through the sale of ongoing businesses...
Read Story
May 12, 2014, 07:31 AM
|
Pier 1 Imports, Inc. announced that its wholly owned subsidiary, Pier 1 Imports (U.S.), Inc., has completed the amendment of its $350 million senior secured revolving credit facility and successfully syndicated and closed the previously announced...
Read Story
May 01, 2014, 07:24 AM
|
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...
Read Story
April 29, 2014, 07:44 AM
|
Sears Holdings Corporation announced that its pro-rata spin-off of Lands’ End, Inc. (“Lands’ End”) from Sears Holdings closed on April 4, 2014. Lands’ End has now been separated from Sears Holdings and its common stock is expected to begin...
Read Story
April 08, 2014, 07:24 AM
|
Parametric Sound Corporation announced that it has entered into a new five year $60 million asset-based revolving credit facility (the "ABL Facility") with Bank of America. The new credit facility replaces Parametric Sound Corporation's previous...
Read Story
April 02, 2014, 07:54 AM
|
Conn's, Inc., a specialty retailer of home appliances, furniture, mattresses, consumer electronics and provider of consumer credit, today announced that it completed an expansion of its existing asset-based syndicated loan facility that matures...
Read Story
March 28, 2014, 07:25 AM
|
On Mar.21, 2014, Toys“R”Us – Delaware, Inc., a direct wholly-owned subsidiary, and certain of its subsidiaries amended and restated the credit agreement for its senior secured revolving credit facility (“ABL Facility”) in order to extend the maturity...
Read Story
March 27, 2014, 07:19 AM
|
The following is excerpted from J.Crew Group's Fourth Quarter and Fiscal 2013 Results released on Mar. 24.
On March 5, 2014, the Company, Bank of America, N.A., as administrative agent and as collateral agent, and each lender party thereto entered...
Read Story
March 25, 2014, 07:13 AM
|
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...
Read Story
March 20, 2014, 07:49 AM
|
Nuverra Environmental Solutions, a leading provider of full-cycle environmental solutions to energy and industrial end-markets, announced today that it has revised its existing Revolving Credit Facility (the “Revised Facility”) to increase the...
Read Story
March 20, 2014, 07:41 AM
|
AK Steel said it has entered into a new $1.1 billion, five-year revolving credit facility with a group of lenders. The new credit facility will expire in March 2019. Bank of America, N.A., J.P. Morgan Securities LLC and Wells Fargo Capital Finance...
Read Story
March 18, 2014, 07:41 AM
|
Cantel Medical has entered into an amended and restated credit facility which established new terms under its revolving credit facility with its existing bank group led by Bank of America, N.A., and including Wells Fargo Bank, N.A. and PNC Bank...
Read Story
March 06, 2014, 07:22 AM
|
Nuverra Environmental Solutions announced that it has converted its existing Bank Credit Facility (the "Facility") into a $200 million revolving credit facility (the "Revised Facility") that is designed to enhance liquidity and financial flexibility...
Read Story
February 04, 2014, 08:06 AM
|
Star Gas Partners, a home energy distributor and services provider specializing in heating oil,has entered into a second amended and restated $450 million credit facility. The amended and restated credit agreement extends the term of the agreement...
Read Story
January 15, 2014, 07:37 AM
|
PerkinElmer entered into an agreement to provide it a $700 million committed unsecured revolving credit facility through Jan. 8, 2019.JP Morgan Chase Bank acted as administrative agent on the facility, while Bank of America and Barclays Bank acted as...
Read Story
January 13, 2014, 07:07 AM
|
Algeco/Scotsman Holding S.a r.l. (together with its subsidiaries, "Algeco Scotsman"), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that certain...
Read Story
December 20, 2013, 06:53 AM
|
Prospect Capital announced it has entered into a definitive agreement to acquire 100% of the common stock of Nicholas Financial, Inc. for $16.00 per share. Subject to certain conditions, the transaction is currently contemplated to close in April...
Read Story
December 19, 2013, 07:21 AM
|
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...
Read Story
December 11, 2013, 11:04 AM
|
U.S. Physical Therapy, Inc., a national operator of outpatient physical therapy clinics, reported today that the company has increased the available capacity and extended the maturity date of its bank credit facility.The commitment amount of the...
Read Story
December 09, 2013, 07:30 AM
|
SYNNEX Corporation, a leading business process services company, announced the completion of a new financing arrangement to fund the acquisition of IBM’s customer relationship management business as well as SYNNEX’ general working capital...
Read Story
December 02, 2013, 07:20 AM
|
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...
Read Story
November 26, 2013, 11:10 AM
|
NewStar Business Credit has named Joe Kinkenon as executive vice president and chief credit officer. Kinkenon will be responsible for all portfolio and credit functions for the division.Kinkenon joins NewStar from Regions Bank and has more than 25...
Read Story
November 13, 2013, 06:24 AM
|
On November 7, Stratasys Ltd., and Stratasys International Ltd., a wholly owned subsidiary of the company, entered into a credit agreement with Bank of America, N.A., as Administrative Agent and Swing Line Lender, and the lenders party thereto...
Read Story
November 11, 2013, 07:29 AM
|
Verisk Analytics, Inc. has exercised an expansion feature under its revolving credit facility to increase the total facility to $975 million and extend the maturity until October 2018. Prior to this amendment, the facility totaled $850 million with a...
Read Story
October 29, 2013, 07:11 AM
|
On October 11, 2013, Tower Group International, Ltd. and Tower Group, Inc., entered into a Fifth Amendment Agreement to the Amended and Restated Credit Facility Agreement, dated as of February 15, 2012, as amended by the First Amendment to Credit...
Read Story
October 15, 2013, 07:05 AM
|
ON Semiconductor Corporation has entered into an amended and restated senior revolving credit facility with a group of lenders. An SEC 8-K filing notes JPMorgan Chase is the adminstrative agent. Lenders include Bank of America, The Royal Bank of...
Read Story
October 11, 2013, 07:51 AM
|
RigNet, Inc. entered into a Second Amendment and Restated Credit Agreement with Bank of America, N.A, as administrative agent, and the lenders party thereto. The amendment provides for a $60.0 million term loan facility and a $125.0 million revolving...
Read Story
October 09, 2013, 07:49 AM
|
A10 Networks, a technology leader in Application Networking, today announced it has secured $115 million in capital through an equity financing and a committed revolving credit facility. Summit Partners, a leading global growth equity firm, led the...
Read Story
October 04, 2013, 07:37 AM
|
Sears Holdings Corporation announced that its wholly owned subsidiaries Sears Roebuck Acceptance Corp. and Kmart Corporation have borrowed $1.0 billion under a new a senior secured term loan facility (the "Incremental Term Loan") under the Company's...
Read Story
October 03, 2013, 07:56 AM
|
Triumph Commercial Finance, a member of the Triumph Bancorp, Inc. group and provider of asset-based lending, accounts receivable financing (factoring) and equipment finance solutions to small and mid-sized businesses nationwide, today announced the...
Read Story
September 26, 2013, 07:58 AM
|
New York Life Insurance Co. announced Hugh Wade, a co-founder of Madison Capital, was named acting CEO. The announcement came after the company terminated Trevor Clark and Christopher Williams, a senior managing director at the unit for violating...
Read Story
September 25, 2013, 08:04 AM
|
The PrivateBank announced John Roberts has joined as managing director and will focus on new business development for asset-based lending in the southwestern United States. Roberts joins The PrivateBank from First Community Financial where he was...
Read Story
September 24, 2013, 08:03 AM
|
AngioDynamics announced it amended its existing credit facilities and successfully refinanced its long-term debt. This new lending facility will improve AngioDynamics' capital structure and provide greater flexibility to support the execution of its...
Read Story
September 24, 2013, 07:24 AM
|
Apollo Investment Corporation or the "Company," announced an amended and restated credit facility ("the Facility"). The amended facility extends the final maturity by over two years to September 2018 and includes a one year amortization period...
Read Story
September 17, 2013, 06:50 AM
|
Capital One Bank today announced the appointment of Joseph Nastri and Marcy Dean to its Middle Market lending team in New York. In his new role, Nastri will be responsible for managing lending and commercial banking services for the region’s middle...
Read Story
September 10, 2013, 07:16 AM
|
Alliant Techsystems Inc., the world’s largest ammunition maker, obtained a $900 million financing commitment to support its acquisition of Bushnell Group Holdings Inc. from MidOcean Partners LP. Bank of America is providing the senior secured loans...
Read Story
September 06, 2013, 07:54 AM
|
TD Bank has named Vicki A. Woodard as Vice President, Senior Loan Officer in New England Healthcare Finance in Boston where she is responsible for growing and managing a portfolio of highly valued healthcare clients throughout Massachusetts....
Read Story
September 03, 2013, 07:53 AM
|
PGi has closed an amendment to its credit facility that provides for, among other things: (i) increasing the overall borrowing capacity to $400 million from $300 million; (ii) extending the maturity of the credit facility from December 20, 2016 to...
Read Story
August 28, 2013, 07:15 AM
|
Portfolio Recovery Associates, Inc., a financial and business services company operating in the U.S. and U.K, announced it had modified its Credit Agreement of December 19, 2012, as amended, by increasing its lenders' domestic revolving credit...
Read Story
August 22, 2013, 08:00 AM
|
Radiant Logistics, Inc., a domestic and international logistics services company, announced that it had secured a new $30.0 million senior credit facility with Bank of America. The senior facility replaces the company's $20.0 million facility with...
Read Story
August 14, 2013, 07:41 AM
|
Retailer RadioShack is looking to refinance its debt by securing new, lower-cost loans, a process it would like to complete by the end of the year, according to two sources familiar with the matter.
A Reuters article notes the struggling electronics...
Read Story
August 14, 2013, 07:16 AM
|
Engility Holdings, Inc. announced that it has replaced its existing $400 million senior secured credit facility with a new $450 million senior secured credit facility. Bank of America, N.A. continued as administrative agent for the new credit...
Read Story
August 13, 2013, 07:49 AM
|
Milestone Aviation Group closed on a five-year, $600 million revolving credit line that includes an unfunded revolving accordion feature to expand the borrowing capacity up to $750 million. This revolver represents the largest-ever debt facility for...
Read Story
August 08, 2013, 07:16 AM
|
Kodak finalized the syndication and allocation of a new five-year senior secured asset-based revolving credit facility of $200 million. Together, this facility and the $695 million exit and post-emergence term-loan credit facilities announced on...
Read Story
August 07, 2013, 08:02 AM
|
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...
Read Story
August 06, 2013, 07:26 AM
|
AlixPartners, the global business advisory firm, confirmed it has been retained by Standard Register, headquartered in Dayton, OH, to perform integration support in Standard Register's acquisition of WorkflowOne, LLC.This work, which has already...
Read Story
August 05, 2013, 07:14 AM
|
Bloomberg reports Hudson’s Bay Co. has obtained about $2.8 billion of debt financing commitments to back its purchase of luxury retailer Saks Inc.Bank of America and Royal Bank of Canada are providing $1.9 billion of term loans and a $900 million...
Read Story
July 31, 2013, 07:06 AM
|
First Capital announced that Chris Gouskos has been promoted Texas business development manager. In his new role, Gouskos will be responsible for business development activities throughout the state of Texas as well as establishing a regional market...
Read Story
July 25, 2013, 07:41 AM
|
U.S. financial officers gave the economy its highest score in five years and were significantly more confident about economic growth in 2013 in the latest Bank of America Merrill Lynch CFO Outlook survey.
Executives who participated in the 2013 CFO...
Read Story
July 24, 2013, 07:16 AM
|
United Online, Inc., a provider of consumer products and services over the Internet, announced that its wholly-owned subsidiary, FTD Companies, Inc. (FTD), has entered into a new credit agreement with various lenders, Bank of America Merrill Lynch...
Read Story
July 18, 2013, 07:09 AM
|
Delek Logistics Partners increased its lender commitments under its revolving bank credit facility to $400 million from $175 million to support the future growth of its business. Fifth Third Bank is the administrative agent, Bank of America, N.A. and...
Read Story
July 11, 2013, 07:11 AM
|
Willbros Group announced that it will pursue a refinancing of its outstanding term loan and revolving credit facilities. The company expects the refinancing to enable it to borrow new funds at a lower interest rate, to extend the maturity of its debt...
Read Story
July 08, 2013, 08:02 AM
|
Unified Grocers, the largest wholesale grocery distributor in the western United States, has successfully completed a refinancing of its senior credit facilities. The refinancing included both the replacement of the existing revolving credit facility...
Read Story
July 03, 2013, 07:57 AM
|
BlueLinx Holdings, a leading distributor of building products in North America, has entered into an amendment to its U.S. revolving credit agreement that increases the amount of its credit facility to $447.5 million from $422.5 million.Under terms of...
Read Story
June 28, 2013, 08:06 AM
|
Opus Bank announced Michael Allison, who has served as Opus’ Executive Vice President, Chief Credit Officer, and a member of the Executive Committee since August 2011, has been promoted to co-president; Don Royer, general counsel, has been promoted...
Read Story
June 25, 2013, 08:00 AM
|
Bridge Bank, a full-service professional business bank headquartered in Silicon Valley and with offices located nationwide, announced Matt Christensen has joined the bank as senior vice president and San Francisco regional manager. Christensen will...
Read Story
June 21, 2013, 08:04 AM
|
Group 1 Automotive, Inc., an international, Fortune 500 automotive retailer, completed a $1.7 billion five-year revolving syndicated credit facility with 25 financial institutions that will expire in June 2018 and can be expanded to $1.95 billion...
Read Story
June 21, 2013, 07:51 AM
|
Eastman Kodak Company announced that it has reached agreements with leading financial institutions J.P. Morgan, Bank of America Merrill Lynch, and Barclays to arrange new post-emergence credit facilities of up to $895 million.Affiliates of J.P....
Read Story
June 20, 2013, 08:07 AM
|
Franchise Services of North America, Inc. ("FSNA" or the "Company") announced that the Company closed on a $7.5 million revolving credit facility with Bank of America. The facility was put in place to support further the recently acquired Advantage...
Read Story
June 17, 2013, 07:22 AM
|
Advent Software, a leading provider of software and services for the global investment management industry, announced a one-time special cash dividend of $9 per share totaling approximately $470 million. The special dividend will be financed with...
Read Story
June 14, 2013, 07:53 AM
|
Hudson's Bay Company (HBC) announced that Lord & Taylor Holdings LLC, a wholly-owned subsidiary of HBC, has fully repaid the U.S $205 million outstanding on its U.S. $450 million syndicated term loan with Credit Suisse Securities LLC and certain...
Read Story
May 24, 2013, 07:43 AM
|
The PrivateBank announced Jean Page has joined as Managing Director and will focus on new business development for asset-based lending in the southeastern United States.Page joins The PrivateBank from SunTrust Bank where she was Senior Vice President...
Read Story
May 23, 2013, 07:51 AM
|
NorthStar Alarm Services entered into a transaction to recapitalize the company with a group of new investors including Goldman Sachs and The Beekman Group. In conjunction with the recapitalization, the company has expanded its current credit...
Read Story
May 16, 2013, 07:59 AM
|
Celadon Group announced that it has increased its credit facility to $200 million and reset the term on its five-year, revolving credit facility agented by Bank of America. The facility will continue to be used to provide for ongoing working capital...
Read Story
May 15, 2013, 07:34 AM
|
New York-based FilmNation Entertainment announced it has successfully negotiated $50 million in additional capital with an equity-backed, revolving multi-bank credit facility with Bank of America Merrill Lynch and Union Bank. The unique structure of...
Read Story
May 08, 2013, 07:48 AM
|
Carriage Services, Inc. entered into a third amendment to the Credit Agreement (the Third Amendment) which provides for an increase in the revolving credit commitments under the Credit Agreement from $105 million to $125 million and a decrease in the...
Read Story
April 26, 2013, 08:03 AM
|
The Wendy's Company announced that its indirect wholly owned subsidiary, Wendy's International, Inc., has entered into an agreement to refinance its existing credit facility. Subject to certain closing conditions, the company expects the transaction...
Read Story
April 18, 2013, 07:53 AM
|
Cenveo, Inc. announced that its subsidiary, Cenveo Corporation, has completed the refinancing of its existing senior secured Term B Loan and revolving credit facility with an amended and restated $360 million Term B Loan facility, through Bank of...
Read Story
April 17, 2013, 07:55 AM
|
The Men's Wearhouse closed on its amended and restated credit facility. The credit agreement provides the company with a $300 million senior revolving credit facility, with possible future increases to $450 million under an expansion feature. In...
Read Story
April 16, 2013, 07:13 AM
|
On March 28, 2013, U.S. Concrete, Inc. amended its asset-based credit agreement to increase the total commitments under the facility from $80 million to $102.5 million. The expiration date of the credit facility remains July 1, 2015 and the facility...
Read Story
April 01, 2013, 03:07 PM
|
Kraton Performance Polymers, a leading global producer of styrenic block copolymers, announced it has closed an aggregate $250 million of revolving credit facilities. The facilities are comprised of a $150 million five-year, secured U.S. revolving...
Read Story
March 29, 2013, 07:40 AM
|
NewStar Financial announced that it has hired veteran credit risk manager Dan McCready as chief credit officer.
McCready joins NewStar from CIT Group where he was chief credit officer of CIT Corporate Finance. He has nearly 30 years of experience in...
Read Story
March 26, 2013, 08:01 AM
|
CCA or Corrections Corporation of America announced it entered into an amendment of its Amended and Restated Credit Agreement. An 8-K filing with the SEC indicates that Bank of America is serving as the administrative agent on the amendment. The...
Read Story
March 26, 2013, 07:25 AM
|
ICV Partners announced that its portfolio company SAFE Security successfully completed the refinancing of its existing senior credit facility with a new $130 million debt facility led by Bank of America. The new credit facility, $55 million more than...
Read Story
March 11, 2013, 08:02 AM
|
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...
Read Story
February 21, 2013, 08:04 AM
|
Orchard Supply Hardware Stores provided an update on the company’s efforts to refinance or modify its Term Loan debt and otherwise work to improve its capital structure. Additionally, Orchard provided an update on select preliminary fourth quarter...
Read Story
February 19, 2013, 07:08 AM
|
Financial executives at U.S. companies continue to be concerned about the economy, with only two out of five executives expecting growth in 2013, according to the Bank of America Merrill Lynch 2013 CFO Outlook.
The 602 executives who participated in...
Read Story
February 11, 2013, 07:32 AM
|
Merisant Company, the global maker of Equal, Canderel and Pure Via tabletop sweeteners, has successfully completed the refinancing of its credit facility. The new $95 million credit facility consists of a secured loan of $70 million and a revolver of...
Read Story
January 23, 2013, 07:27 AM
|
Reuters reported that Bank of America has named capital markets co-head Alastair Borthwick as its head of commercial banking, in a shuffling of veteran executives.Borthwick, a former Goldman Sachs Group executive who joined the bank in 2005, replaces...
Read Story
January 21, 2013, 07:01 AM
|
Diodes Incorporatedsecured a five-year $300 million revolving senior credit facility. Bank of America acted as administrative agent and Merrill Lynch, Pierce, Fenner & Smith Inc. served as sole lead arranger and sole book runner.
The credit facility...
Read Story
January 09, 2013, 07:16 AM
|
Red Robin International, a wholly owned subsidiary of Red Robin Gourmet Burgers, that it has closed on a new $225 million credit agreement. The new credit facility, a five-year $225 million revolving line of credit, replaces a facility comprised of a...
Read Story
December 18, 2012, 07:43 AM
|
FleetCor Technologies, an independent global provider of fuel cards and workforce payment products, announced it increased the size of its loan facilities by $500 million. Bank of America served as administrative agent.
The upsized credit facility...
Read Story
November 06, 2012, 08:34 AM
|
Penn National Gaming expanded its existing secured $2.15 billion of senior secured credit facilities by $1 billion. Under the original terms of the senior secured credit facilities entered into in July 2011, Penn National had the option to increase...
Read Story
November 05, 2012, 08:04 AM
|
After being rigged by some of the world’s biggest financial institutions, the London interbank offered rate, the benchmark for more than $300 trillion of securities and loans, is now increasingly being set by a smaller group of banks.Bank of America...
Read Story
October 08, 2012, 08:00 AM
|
Confidence in economic growth declined sharply in the latest Bank of America Merrill Lynch CFO Outlook survey, with U.S. financial executives expressing concerns about several potential impacts on the nation’s economy. Only 36 percent of financial...
Read Story
September 26, 2012, 07:00 AM
|