The Antares Bain Capital Complete Financing Solution (“ABCS”), a joint venture between Antares and Bain Capital Credit, today announced the closing of a senior secured unitranche credit facility to support the acquisition of G.S. Precision by AE Industrial Partners (“AEI”).

TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today entered into a new $10 million asset based revolving credit facility, replacing the Company’s existing $20 million credit facility.

AlixPartners, the global consulting firm, announced today that consumer products and digital expert Rob DeNardo has joined as a Managing Director in the firm’s worldwide consumer products practice. He will be based in AlixPartners’ Chicago office. Rob brings more than 20 years of strategy and operations experience, helping companies define transformations to deliver exceptional value and to enable competitive advantage and growth with proven results. In addition to North America, he has also worked extensively in Europe and Asia.

INTL FCStone Inc. (NASDAQ: INTL) today announced that the Fixed Income Division of its wholly owned subsidiary, INTL FCStone Financial Inc. (“the Company”), has hired Drew Doscher as Head of Distressed Debt Sales and Trading. Doscher will build INTL FCStone Financial’s distressed debt trading capabilities and lead the Company’s strategy for distressed loans and debt, private credit, private equity, trade claims and litigation stubs.

Prior to joining Allied, Smotherman was the Chief Operating Officer/Risk Management Lead of Power Funding, Ltd. where she oversaw the underwriting department and risk/credit management. Before then, she was the Corporate Manager at Swan Transportation Services, LLC for 11 years where she became a Transportation Intermediaries Association Certified Transportation Broker.

Mandalay Resources Corporation is pleased to announce that it has entered into a credit agreement with HSBC Bank Canada and Macquarie Bank Limited providing for (i) a senior secured revolving credit facility in an aggregate amount of up to US$25 million and (ii) a senior secured term credit facility in an aggregate amount of up to US$40 million. The Syndicated Facility amends and restates the Company’s existing bilateral US$40 million revolving credit facility with HSBC, which was scheduled to mature on July 24, 2020.

Huntington Business Credit announced it closed new $24,400,000 credit facilities with Chicago American Manufacturing, LLC on February 20, 2020. Proceeds of the facilities were used to refinance existing debt and provide ongoing working capital growth financing.

The total credit facility was comprised of a $15,000,000 revolving line of credit and a $4,000,000 equipment term loan. The proceeds were used to pay off the existing senior revolving and term loan lenders and provide additional working capital for growth purposes.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it will continue its work on the New England Motor Freight, Inc. Chapter 11 case with Kevin Clancy, Global Director of the firm’s Restructuring and Dispute Resolution Practice, appointed as the Liquidating Trustee. Clancy’s appointment last month means that he and his team will oversee the wrap-up of New England Motor Freight’s case by monetizing the remaining assets and making distributions to trust beneficiaries.

Gemino Healthcare Finance provided a $3 million mortgage term loan and a $750,000 asset-based revolving line of credit for a skilled nursing facility based in the Midwest.

The Antares Bain Capital Complete Financing Solution (“ABCS”), a joint venture between Antares and Bain Capital Credit, today announced the closing of a senior secured unitranche credit facility to support the acquisition of G.S. Precision by AE Industrial Partners (“AEI”).

NXT Capital announced today that it closed a senior credit facility to finance The CapStreet Group and Ridgemont Equity Partners’ merger of Marco Group International and APE Companies. NXT Capital acted as the Joint Lead Arranger, Sole Bookrunner and U.S. Agent for this transaction.

Churchill Downs Incorporated (CHDN: Nasdaq) (CDI or the Company) announced today the closing of an amendment to its Credit Agreement to extend the maturity and to lower the upper limit of the applied spreads for loans under its $700 million Senior Secured Revolving Credit Facility (“Revolving Credit Facility”).

With the stock market reeling due to the outbreak of the coronavirus pandemic, the CEOs of the biggest banks in America were brought to Washington last week to meet with President Trump. Then, on Sunday evening, the Federal Reserve opened up a box of emergency tools not seen since the crisis-era to help the financial system deal with the economic fallout of the pandemic.

For this Facility, JPMorgan Chase Bank and BofA Securities were the Joint Lead Arrangers and Joint Bookrunners; BNP Paribas, Citibank, Mizuho Bank, PNC, Societe Generale, Sumitomo Mitsui Banking Corporation, U.S. Bank and Wells Fargo were Joint Lead Arrangers and Co-Syndication Agents; Bank of America was Syndication Agent; Bank of Nova Scotia, Barclays, Deutsche Bank, Goldman Sachs, The Royal Bank of Canada, TD Bank and Truist Bank were Co-Documentation Agents; and Compass Bank and Banco Santander were Senior Managing Agents. In addition to the above financial institutions, there were four Managing Agents and Co-Lenders in the facility.

Naked Brand Group Limited (Nasdaq:NAKD) ("Naked" or the "Company"), a global leader in intimate apparel and swimwear, has entered into a new, amended two-year credit facility agreement with its existing primary lender, The Bank of New Zealand ("BNZ"). The terms of the new, amended agreement call for rolling the Company's existing loan with BNZ into a new US$10.5 million senior secured credit facility.

BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, today announced that its subsidiary Baldwin Risk Partners, LLC (“BRP LLC”) has amended its senior revolving credit facility, effective immediately, to increase the committed line under the credit facility to $300 million, up $75 million from its previous amount of $225 million.

MidFirst Business Credit (MFBC) is pleased to announce that Jonathan Schuster has joined its team as a business development officer in Los Angeles. In his new role, Schuster will be responsible for originating, structuring, and funding asset-based financing solutions with commitment amounts up to $30 million for middle-market businesses in the California and West Coast markets.

Wells Fargo & Company (NYSE: WFC) today announced that Ellen Patterson will join the company as its senior executive vice president and general counsel, effective March 23, 2020. Reporting to CEO Charlie Scharf, Patterson will be responsible for all legal affairs at the company and will serve on the company’s Operating Committee.

"For collateralized loan obligations, although lower short-term rates will decrease excess spread, a credit negative, lower rates will also cut leveraged loan borrowers’ payment obligations and revive dormant Libor floor benefits in CLO weighted average spread, both credit positives."