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News Stories (214 Results) - Bank of America

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