Royal Caribbean Cruises Ltd. has announced that they have received a $2.2 billion secured loan facility to enhance the company’s liquidity position. The facility can be extended at the company’s option for an additional 364 days. The company has borrowed the full amount available under the term loan to further bolster its liquidity.

SpeakEasy Cannabis Club Ltd. (" SpeakEasy" or the " Company") (EASY.CN) (39H.F) is pleased to announce that it has secured loan financing in the aggregate principal amount approximately $3.27 million (collectively, the " Loan Financing").

Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced it amended the Company’s Revolving and Term Loan Credit Agreement. The maturity of Tranche A-1 Term Loans due in December 2020 was extended to December 2023 for $267 million of the outstanding balance of $315 million. The remaining $48 million for Tranche A-1 is the Company’s only debt maturity prior to 2023. The Tranche A-2 Term Loan, with a current balance of $700 million, and the Revolving Credit Facility continue to have maturity dates of December and November 2023, respectively.

Rabobank acted as Administrative Agent, Bookrunner and Joint Lead Arranger, and Natixis acted as Joint Lead Arranger and Syndication Agent.

J.P. Morgan, RBC Capital Markets and SunTrust Robinson Humphrey served as joint lead arrangers on the transaction with additional commitments made by Citibank and Deutsche Bank.

LICT Corporation (“LICT” or the “Company”; OTC Pink ®: LICT) has borrowed the entire $50 million under its revolving credit facility with CoBank. The addition of the $50 million in new borrowings increases LICT’s pro-forma gross cash balance to just under $90 million with net cash of $76 million. LICT expects to continue to generate free cash flow throughout the year.

Capital Southwest Corporation (“Capital Southwest” or the “Company”; Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced an increase of its Senior Secured Credit Facility (the “Credit Facility”) from $295 million to $325 million.

Mastro, who will be based in Chicago, most recently managed a team of professionals overseeing $6 billion of assets as the central region ABL Portfolio Management leader at Bank of America. He has held a variety of ABL roles over his 25 years as senior banker, including origination, underwriting, field examination and trainer. A graduate of Lake Forest College, he earned his MBA from Loyola University Chicago. He is a nationally certified hockey coach and Special Olympics volunteer.

Fitch says Coronavirus Crisis is crushing global GDP growth.

Amerisource Business Capital announced the closing and funding of a $1,000,000 DIP credit facility for a limestone quarry based in Missouri.

Delta Air Lines (NYSE: DAL) today announced it has entered into a $2.6 billion secured credit facility, enhancing the company’s liquidity as it manages through an unprecedented decline in air travel demand due to the COVID-19 outbreak. The company is also drawing $3 billion under its existing revolving credit facilities.

The Federal Reserve called a third emergency meeting to combat the economic impact of the novel coronavirus and unveiled a number of new and “extensive” measures on Monday that would expand the Fed’s efforts to calm corporate debt markets. The Fed also said a direct lending program to Main Street businesses will be announced soon.

The ability of securitization notes to withstand the fallout of the pandemic will depend on its duration and issues including the strength of structural protections, according to a Moody's Investors Service analysis of bonds they rate. Moody's analysis partly reflects the rating agency's most recent baseline macroeconomic assumptions. The report notes that declines in interest rates, lower oil prices and ongoing government actions will have mixed effects.

Gibraltar welcomes Mark Pickering as the newest member of our expert business development team. He is an SVP based in Atlanta, covering the states of Georgia, Tennessee, Alabama, and Mississippi.

A new PwC pulse survey shows how finance leaders plan to react to COVID-19 — and what impacts they expect to see. Fifty leaders from a cross section of industries weighed in from the US and Mexico during the week of March 9. The survey will continue so we can track changing sentiments and priorities.

Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Shaw Development, LLC (“Shaw”) by private equity sponsor Monomoy Capital Partners. Founded in 1944 and based in Bonita Springs, Florida, Shaw is a designer, manufacturer and assembler of sensors, fluid management systems and related components primarily for diesel exhaust fluid (“DEF”) applications.

Bank of America, JP Morgan Chase and PNC Bank served as Joint Lead Arrangers and Joint Book Runners on the new credit facilities.

Republic was chosen by the sponsor and consultant due to its flexibility, creativity, experience and its reputation for approving its original term sheets. The private equity firm acquired the company several years before, but brought in the turnaround consulting firm once it realized the management team needed immediate support and long-term improvement. The turnaround consultant knew of Republic’s commitment to the corporate renewal of companies with its President, Robert Meyers, recently completing his year as President of the Midwest Chapter of the Turnaround Management Association.

TradeCap Partners (“TradeCap”) recently announced the closing of a $5.5 million Purchase Order Facility for an East coast based Audio/Visual-IT Integration Company to support a large public sector contract award to upgrade existing technology.

DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it entered into a $50 million Increase Agreement (the “Increase Agreement”), by and among DXP Enterprises, Inc. (the “Company”), certain of the Company’s US subsidiaries, as borrowers, certain of the Company’s Canadian subsidiaries, as borrowers, the incremental lenders party thereto and Bank of America, N.A., as agent.