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News Stories (30 Results) - Automotive

Gordon Brothers has been appointed as sole asset selling agent for car seat manufacturer, TS Tech UK Ltd (TS Tech), in Swindon. This specialized sale presents the opportunity to acquire state-of-the-art automotive seat manufacturing equipment. Gordon... Read Story

August 04, 2021, 08:00 AM

Coronavirus-driven reduction in demand, and operational and supply chain disruptions, have resulted in a material uptick in bankruptcies and distress in the U.S. automotive industry, according to a new Fitch Ratings report. "Over the long term... Read Story

January 11, 2021, 07:30 AM

Hilco Global has engaged with leaders from across the automotive aftermarket industry to issue a detailed perspective on the evolution and current course of ecommerce sales, and the impact of the present pandemic period will shape both buying... Read Story

May 29, 2020, 09:10 AM

The odds of default for auto parts suppliers jumped in April, and experts expect increased consolidation and bankruptcies within the industry as the coronavirus pandemic continues to hammer global new vehicle production.S&P Global Market Intelligence... Read Story

May 01, 2020, 09:00 AM

An Ohio based automotive stamper was looking for a new lender that understood their industry and was interested in their future plans for the business.  mBank senior management personally visited the client at their plant and reviewed their plans and... Read Story

October 25, 2018, 09:00 AM

CARDONE Industries has announced a recapitalization of its current credit facilities with Citizens Bank and Brookfield Asset Management. The recapitalization will allow CARDONE to continue to expand its remanufacturing and innovation capabilities, as... Read Story

October 24, 2018, 08:00 AM

MidCap Financial announced it has provided a $40 million senior credit facility to Camaco, LLC, a supplier of seating structures and related components for the automotive industry. The MidCap credit facility refinanced the company’s prior credit... Read Story

July 25, 2018, 08:00 AM

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July 12, 2018, 08:00 AM

Heartland Automotive Services, Inc., a portfolio company of Sun Capital Partners and the largest operator of Jiffy Lube service centers, has been acquired by Wynnchurch Capital, LLC. FocalPoint Partners, LLC served as financial advisor to the Company... Read Story

March 26, 2018, 08:00 AM

Santander Bank announced its Equipment Finance group closed a $72.25 million equipment line of credit with Android Industries LLC in the U.S. Android will use the financing to further expand its operations by refinancing $40 million of its existing... Read Story

March 07, 2018, 08:01 AM

Trade Finance Solutions (TFS) announced that it will fund a U.S.-based company that provides financing and logistical support to businesses in the luxury automobile industry in North America, Europe, Mexico and China. The high-growth business... Read Story

August 03, 2017, 07:00 AM

ExWorks Capital provided $2 million in financing to an aftermarket automotive products manufacturer based in Baltimore, Maryland. The company manufactures and distributes sealants, flushes, fluids, coolants, and more with its products found in over... Read Story

March 27, 2017, 07:00 AM

NXT Capital announced that it has provided a senior secured credit facility to support Gridiron Capital’s dividend recapitalization of Dent Wizard. NXT Capital acted as the Joint Lead Arranger, Administrative Agent and Sole Bookrunner for this... Read Story

March 06, 2017, 07:08 AM

Maranon Capital, L.P. was sole lead arranger and administrative agent for a syndicate of lenders that provided unitranche financing to support a strategic investment by CIP Capital in Affinitiv, Inc. (“Affinitiv”), a leading provider of marketing and... Read Story

September 16, 2016, 07:31 AM

On July 21, 2016, Copart, Inc. entered into a Second Amendment to Credit Agreement (the “Second Amendment to Credit Agreement”) by and among Copart, certain subsidiaries of Copart party thereto, the lenders party thereto, and Bank of America, N.A.... Read Story

July 28, 2016, 07:31 AM

Autoliv, Inc., the worldwide leader in automotive safety systems, has refinanced its existing $1.1 billion multi-currency revolving credit facility agreement with a group of 14 banks. The facility has a five-year maturity, with extension options for... Read Story

July 15, 2016, 07:16 AM

US Capital Partners Inc. has committed $4 million in refinancing to Euro Motor Sport, Inc., headquartered in Fort Lauderdale, Florida. US Capital Partners is a private investment bank that makes direct debt investments between $500,000 and $100... Read Story

March 23, 2016, 07:13 AM

Ferrari N.V. announced it has entered into a €2.5 billion syndicated loan facility with a group of ten bookrunner banks. The facility comprises a bridge loan (the "Bridge Loan") and a term loan (the "Term Loan") of €2 billion in aggregate and a... Read Story

November 30, 2015, 07:11 AM

Babson Capital Management served as a mandated co-lead arranger of senior secured credit facilities to support Kinderhook Industries' acquisition of Bestop, Inc.The financing, which includes a revolving credit facility and a term loan facility... Read Story

August 04, 2015, 07:13 AM

NXT Capital announced that it has provided a senior secured credit facility to support Gridiron Capital’s acquisition of Dent Wizard. NXT Capital acted as Joint Lead Arranger, Administrative Agent and Sole Bookrunner for this transaction. Dent Wizard... Read Story

April 15, 2015, 07:56 AM

First Financial Business Capital, a division of First Financial Bank, announces the completion of a $15.9 million cash-flow and mezzanine debt financing deal for an Indiana automotive parts manufacturer.First Financial began offering specialty... Read Story

January 29, 2015, 07:31 AM

The Gores Group, a leading Los Angeles-based private equity firm, announced today that it has partnered with Andy Greenlee, the CEO, and several members of the management team to purchase US Farathane Corporation. US Farathane is a leading solutions... Read Story

January 13, 2015, 07:36 AM

GE Capital, Canada announced it has increased Van-Rob Inc. senior secured credit facility to $91 million. GE Capital, Canada served as lead arranger and administrative agent. The proceeds of the facility will be used for general working capital... Read Story

December 22, 2014, 08:11 AM

Superior Industries International has signed a commitment letter with J.P. Morgan Securities LLC as lead arranger, JPMorgan Chase Bank, N.A. as administrative agent, and Wells Fargo Bank, National Association as syndication agent for a $100 million... Read Story

November 04, 2014, 07:29 AM

General Motors Co. announced the execution of an unsecured $12.5 billion revolving credit facility consisting of a $5 billion three-year facility and a $7.5 billion five-year facility. The facility amends and extends GM's existing $11 billion credit... Read Story

October 17, 2014, 03:13 PM

Stamford, Connecticut-based Olympus Partners has acquired Innovative XCessories & Services, LLC ("IXS"), a leading provider of upfit services and accessories to the automotive aftermarket and original equipment manufacturers. Its aftermarket division... Read Story

August 22, 2014, 07:45 AM

LKQ Corporation announced that it closed an amendment to its credit facility that increased the aggregate amount available thereunder from $1.8 billion to $2.3 billion ($1.85 billion revolving credit facility and $450 million term loan facility). The... Read Story

March 28, 2014, 07:29 AM

US Capital Partners, LLC has provided a $3.2 million growth-capital term loan for Naviss, LLC (“Naviss”), which operates in forty-two States. “Naviss is at a very exciting stage in its growth, with strategic plans to increase the range of services it... Read Story

December 18, 2013, 07:08 AM

Asbury Automotive Group, Inc., one of the largest automotive retail and service companies in the U.S., announced that it has amended and restated its five-year syndicated senior credit facility.  Under the amended and restated facility, the new... Read Story

August 09, 2013, 07:57 AM

Chrysler Group LLC announced that it has taken advantage of market conditions and its improved credit profile to reduce the interest rate for its $2.9 billion term loan and its undrawn $1.3 billion revolving credit facility. In addition, certain loan... Read Story

June 24, 2013, 08:02 AM