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Integer Announces Commitments to Reprice and Extend Maturity of its Revolving Credit Facility and Term Loan A; Launches Term Loan B Repricing
November 13, 2019Integer Holdings Corporation (NYSE:ITGR), a leading medical device outsource manufacturer, today announced that it has received commitments to extend the maturity for its existing Revolving Credit Facility and Term Loan A to October 2022, and reduce the respective pricing by 25 basis points.
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LPL Financial Announces Completion of Leverage-Neutral Transaction Amending Senior Secured Credit Facilities and Offering Senior Unsecured Notes
November 13, 2019LPL Financial Holdings Inc. (NASDAQ: LPLA) (together with its subsidiaries, the “Company”) today announced that its wholly owned subsidiary, LPL Holdings, Inc. (“LPL Holdings”), has completed the previously announced amendment of its senior secured credit facilities and offering of senior unsecured notes (the “senior notes”).
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Houghton Mifflin Harcourt Announces Proposed Private Offering of Senior Secured Notes
November 13, 2019Learning company Houghton Mifflin Harcourt ("HMH" or the "Company") (HMHC) announced today that its wholly owned subsidiaries, Houghton Mifflin Harcourt Publishers Inc., Houghton Mifflin Harcourt Publishing Company and HMH Publishers LLC, will offer, subject to market and other conditions, $350 million aggregate principal amount of Senior Secured Notes due 2025 (the "Notes") in a private offering exempt from registration under the Securities Act of 1933, as amended (the "Securities Act").
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FirstClose Completes a Credit Facility with Pacific Western Bank; Westlake Securities Serves as Advisor
November 13, 2019FirstClose (the "Company"), a leading provider of technology solutions for mortgage lenders nationwide, announced today that it has completed a credit facility with Pacific Western Bank.
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Locally-Led Bridgewater Bank Announces Equipment Finance Division
November 13, 2019Bridgewater Equipment Finance will provide a variety of financing solutions to commercial clients, including financing for equipment, vehicles, facilities and other purchases needed to fuel business growth.
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BFS Capital Names Brian Simmons as Chief Operating Officer
November 13, 2019BFS Capital, a leader in small business lending, today announced the appointment of Brian Simmons as Chief Operating Officer. Simmons will join the executive team reporting to the company’s CEO Mark Ruddock.
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SG Credit Partners Adds Bridge Loan Product to Solve For High Net Worth Liquidity Issues
November 13, 2019SG Credit Partners ("SGCP") now offers an interest only bridge loan product designed to provide a liquidity solution for asset rich, liquidity constrained entrepreneurs when speed and certainty to close are required. We call it the "Personal Financial Statement (PFS) Loan."
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Change Capital Appoints Scott Bernstein as General Counsel
November 13, 2019Scott brings to his role extensive bankruptcy, reorganization, and commercial litigation experience, representing financial institutions, financial services companies, and secured and unsecured creditors. He will provide counsel and representation to Change Capital in these areas as well all legal matters.
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Dean Foods Files for Chapter 11 Bankruptcy Reorganization
November 13, 2019Top U.S. milk processor Dean Foods Co. filed for Chapter 11 bankruptcy and is in advanced talks with Dairy Farmers of America Inc. about a potential sale. Dean listed assets and liabilities of as much as $10 billion each in court papers filed in Houston, and said in a statement it has commitments for $850 million in bankruptcy financing from existing lenders led by Rabobank.
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Ferrellgas, L.P., Reaches Agreement With Lender Regarding Alleged Defaults
November 13, 2019Ferrellgas, L.P., the operating partnership of Ferrellgas Partners, L.P. (NYSE:FGP) (“Ferrellgas”) announced today that it reached an agreement with TPG Specialty Lending, Inc., the administrative agent (“TPG”) under its senior secured credit facility regarding alleged events of default that occurred under the credit facility.
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Middle Market Companies Boosting Tech Upgrades to Drive Growth
November 13, 2019Computer hardware and software upgrades are topping the list of investments planned by middle market companies, which regard technology as a key driver of their growth, according to a new survey conducted by The Harris Poll[1] for CIT Group Inc. (NYSE: CIT).
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Austin Financial Services Provides a $3MM Revolving Credit Facility to a Telecommunications Company
November 12, 2019Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $3MM ABL credit facility to a telecommunications company who specializes in the design, component procurement, installation, and training for specialized IT electronics systems servicing end-user markets in the western U.S.
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Big Shoulders and Iroquois Industrial Purchase Assets of Tennessee Company
November 12, 2019Big Shoulders Capital and Iroquois Industrial Group have formed a joint venture to purchase the assets of Savannah All American Millwork and Fabrication in Savannah, Tennessee. The purchase will save approximately 100 jobs which may have otherwise have been eliminated.
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J D Factors Announces Factoring Facilities
November 12, 2019
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Fifth Third Business Capital Provides $8 Million to Troy Lee Designs
November 12, 2019Fifth Third Business Capital, a division of Fifth Third Bank, announced it acted as sole lender and administrative agent on the funding of an $8,000,000 senior credit facility to Troy Lee Designs, LLC. Based in Corona, California, Troy Lee Designs is a designer and distributor of high-quality helmets, apparel, safety gear and accessories used in the off-road motorcycling and mountain biking industries.
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Encina Business Credit Provides $15 Million Facility to a Coal Mining Company
November 12, 2019Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million commitment as part of a $135 million senior secured credit facility to a coal mining company. The company operates transloading and mining equipment facilities. The loan consists of a revolving line of credit secured by trade accounts receivable and inventory.
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Capital Southwest Supports Five Points Recapitalization of GrammaTech
November 11, 2019Southwest Corporation (“Capital Southwest”) (CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it supported the recent recapitalization of GrammaTech, Inc. (“GrammaTech”) by Five Points Capital, Pleasant Bay Capital, Crescendo Capital, new CEO Mike Dager, and existing management.
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MedShift Secures Financing to Accommodate Continued Expansion
November 11, 2019MedShift today announced the execution of a new $13.5 million credit facility with First National Bank (FNB). The investment will refinance all existing company loans and provide device acquisition capital to support MedShift's projected growth.
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City National Bank Appoints Rick Hariman to Succeed John Beale as Chief Information Officer
November 11, 2019City National Bank, America’s Premier Private and Business Bank®, today announced that Rick Hariman will join the company as executive vice president and chief information officer. Hariman will succeed John Beale, the current chief information officer, who has decided to retire in January after 23 years with City National.
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RPT Realty Announces Closing of Amended and Restated Unsecured Credit Agreement
November 11, 2019KeyBanc Capital Markets Inc., BMO Capital Markets, and Capital One, National Association served as joint-lead arrangers for the Facility with KeyBank National Association as administrative agent and BMO Capital Markets and Capital One, National Association as syndication agents. Branch Banking and Trust Company served as documentation agent.
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Integer Announces Commitments to Reprice and Extend Maturity of its Revolving Credit Facility and Term Loan A; Launches Term Loan B Repricing
November 13, 2019Integer Holdings Corporation (NYSE:ITGR), a leading medical device outsource manufacturer, today announced that it has received commitments to extend the maturity for its existing Revolving Credit Facility and Term Loan A to October 2022, and reduce the respective pricing by 25 basis points.
-
LPL Financial Announces Completion of Leverage-Neutral Transaction Amending Senior Secured Credit Facilities and Offering Senior Unsecured Notes
November 13, 2019LPL Financial Holdings Inc. (NASDAQ: LPLA) (together with its subsidiaries, the “Company”) today announced that its wholly owned subsidiary, LPL Holdings, Inc. (“LPL Holdings”), has completed the previously announced amendment of its senior secured credit facilities and offering of senior unsecured notes (the “senior notes”).
-
Houghton Mifflin Harcourt Announces Proposed Private Offering of Senior Secured Notes
November 13, 2019Learning company Houghton Mifflin Harcourt ("HMH" or the "Company") (HMHC) announced today that its wholly owned subsidiaries, Houghton Mifflin Harcourt Publishers Inc., Houghton Mifflin Harcourt Publishing Company and HMH Publishers LLC, will offer, subject to market and other conditions, $350 million aggregate principal amount of Senior Secured Notes due 2025 (the "Notes") in a private offering exempt from registration under the Securities Act of 1933, as amended (the "Securities Act").
-
FirstClose Completes a Credit Facility with Pacific Western Bank; Westlake Securities Serves as Advisor
November 13, 2019FirstClose (the "Company"), a leading provider of technology solutions for mortgage lenders nationwide, announced today that it has completed a credit facility with Pacific Western Bank.
-
Locally-Led Bridgewater Bank Announces Equipment Finance Division
November 13, 2019Bridgewater Equipment Finance will provide a variety of financing solutions to commercial clients, including financing for equipment, vehicles, facilities and other purchases needed to fuel business growth.
-
BFS Capital Names Brian Simmons as Chief Operating Officer
November 13, 2019BFS Capital, a leader in small business lending, today announced the appointment of Brian Simmons as Chief Operating Officer. Simmons will join the executive team reporting to the company’s CEO Mark Ruddock.
-
SG Credit Partners Adds Bridge Loan Product to Solve For High Net Worth Liquidity Issues
November 13, 2019SG Credit Partners ("SGCP") now offers an interest only bridge loan product designed to provide a liquidity solution for asset rich, liquidity constrained entrepreneurs when speed and certainty to close are required. We call it the "Personal Financial Statement (PFS) Loan."
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Change Capital Appoints Scott Bernstein as General Counsel
November 13, 2019Scott brings to his role extensive bankruptcy, reorganization, and commercial litigation experience, representing financial institutions, financial services companies, and secured and unsecured creditors. He will provide counsel and representation to Change Capital in these areas as well all legal matters.
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Dean Foods Files for Chapter 11 Bankruptcy Reorganization
November 13, 2019Top U.S. milk processor Dean Foods Co. filed for Chapter 11 bankruptcy and is in advanced talks with Dairy Farmers of America Inc. about a potential sale. Dean listed assets and liabilities of as much as $10 billion each in court papers filed in Houston, and said in a statement it has commitments for $850 million in bankruptcy financing from existing lenders led by Rabobank.
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Ferrellgas, L.P., Reaches Agreement With Lender Regarding Alleged Defaults
November 13, 2019Ferrellgas, L.P., the operating partnership of Ferrellgas Partners, L.P. (NYSE:FGP) (“Ferrellgas”) announced today that it reached an agreement with TPG Specialty Lending, Inc., the administrative agent (“TPG”) under its senior secured credit facility regarding alleged events of default that occurred under the credit facility.
-
Middle Market Companies Boosting Tech Upgrades to Drive Growth
November 13, 2019Computer hardware and software upgrades are topping the list of investments planned by middle market companies, which regard technology as a key driver of their growth, according to a new survey conducted by The Harris Poll[1] for CIT Group Inc. (NYSE: CIT).
-
Austin Financial Services Provides a $3MM Revolving Credit Facility to a Telecommunications Company
November 12, 2019Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $3MM ABL credit facility to a telecommunications company who specializes in the design, component procurement, installation, and training for specialized IT electronics systems servicing end-user markets in the western U.S.
-
Big Shoulders and Iroquois Industrial Purchase Assets of Tennessee Company
November 12, 2019Big Shoulders Capital and Iroquois Industrial Group have formed a joint venture to purchase the assets of Savannah All American Millwork and Fabrication in Savannah, Tennessee. The purchase will save approximately 100 jobs which may have otherwise have been eliminated.
-
J D Factors Announces Factoring Facilities
November 12, 2019
-
Fifth Third Business Capital Provides $8 Million to Troy Lee Designs
November 12, 2019Fifth Third Business Capital, a division of Fifth Third Bank, announced it acted as sole lender and administrative agent on the funding of an $8,000,000 senior credit facility to Troy Lee Designs, LLC. Based in Corona, California, Troy Lee Designs is a designer and distributor of high-quality helmets, apparel, safety gear and accessories used in the off-road motorcycling and mountain biking industries.
-
Encina Business Credit Provides $15 Million Facility to a Coal Mining Company
November 12, 2019Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million commitment as part of a $135 million senior secured credit facility to a coal mining company. The company operates transloading and mining equipment facilities. The loan consists of a revolving line of credit secured by trade accounts receivable and inventory.
-
Capital Southwest Supports Five Points Recapitalization of GrammaTech
November 11, 2019Southwest Corporation (“Capital Southwest”) (CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it supported the recent recapitalization of GrammaTech, Inc. (“GrammaTech”) by Five Points Capital, Pleasant Bay Capital, Crescendo Capital, new CEO Mike Dager, and existing management.
-
MedShift Secures Financing to Accommodate Continued Expansion
November 11, 2019MedShift today announced the execution of a new $13.5 million credit facility with First National Bank (FNB). The investment will refinance all existing company loans and provide device acquisition capital to support MedShift's projected growth.
-
City National Bank Appoints Rick Hariman to Succeed John Beale as Chief Information Officer
November 11, 2019City National Bank, America’s Premier Private and Business Bank®, today announced that Rick Hariman will join the company as executive vice president and chief information officer. Hariman will succeed John Beale, the current chief information officer, who has decided to retire in January after 23 years with City National.
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RPT Realty Announces Closing of Amended and Restated Unsecured Credit Agreement
November 11, 2019KeyBanc Capital Markets Inc., BMO Capital Markets, and Capital One, National Association served as joint-lead arrangers for the Facility with KeyBank National Association as administrative agent and BMO Capital Markets and Capital One, National Association as syndication agents. Branch Banking and Trust Company served as documentation agent.
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