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  • Apollo-Backed Security Firm In Talks for Debt Restructuring
    January 6, 2020
    Constellis Holdings LLC, a security contractor backed by Apollo Global Management Inc., is in talks with creditors on a deal to restructure its $1 billion of debt, according to people with knowledge of the discussions.
  • Tom Linebarger Joins 36th Street Capital as SVP, Business Development
    January 6, 2020
    36th Street Capital Partners LLC (“36th Street Capital”), an independent provider of alternative funding solutions for the equipment financing industry, announced the appointment of Thomas Linebarger as Senior Vice President of Business Development.
  • STRATA Skin Sciences, Inc. Announces Successful Completion of Debt Refinancing
    January 6, 2020
    STRATA Skin Sciences, Inc. (SSKN) (“STRATA” or the “Company”), a medical technology company in Dermatology and Plastic Surgery dedicated to developing, commercializing, and marketing innovative products for the treatment of dermatologic conditions, today announced that it has closed a refinancing of its existing debt with a lower interest one-year cash-secured loan facility with Israel Discount Bank of New York, a multi-national commercial bank.
  • Covia Announces Actions Designed to Improve Financial Flexibility
    January 6, 2020
    ovia (NYSE:CVIA), a leading provider of mineral-based material solutions for the Industrial and Energy markets, announced a series of actions that are expected to improve its financial flexibility: $85 Million Committed Standby Credit Facility - The Company has received a commitment from PNC Bank, National Association for a new, 3-year credit facility for up to $85 million.
  • Alimera Sciences Refinances Its Debt Facility With Solar Capital
    January 6, 2020
    Alimera Sciences, Inc. (ALIM) (“Alimera”), a leader in the commercialization and development of prescription ophthalmology treatments for the management of retinal diseases, today announced that it refinanced its debt facility by entering into a new $45 million term loan agreement with its current lenders, investment affiliates managed by Solar Capital Partners, LLC, on December 31, 2019.
  • Pier 1 to Shut More Stores, Cut Debt in Expanded Turnaround
    January 6, 2020
    The company is working with a team of advisers to restructure operations, including Kirkland & Ellis LLP, AlixPartners LLP and Guggenheim Partners LLC. Representatives from those firms declined to comment.
  • Midcoast Energy Completes $830 Million Refinancing
    January 6, 2020
    Midcoast Energy Holdings, a portfolio company of an affiliate of ArcLight Capital Partners, has completed an $830 million refinancing with a consortium of Korean lenders and institutional investors. The refinancing involves a Midcoast Energy subsidiary that indirectly holds a 35% interest in the Texas Express Pipeline, a 594-mile, 20-inch natural gas liquids pipeline which begins in Skellytown, Texas and ends in Mt. Belvieu, Texas. Midcoast Energy will continue to own and control its 35% interest in Texas Express.
  • Otterbourg Promotes Ikhwan Rafeek to Member of the Firm
    January 6, 2020
    Otterbourg P.C. announced today that Ikhwan A. Rafeek has been promoted to Member of the Firm in the Banking and Finance Group, effective January 1. Mr. Rafeek represents institutional lenders, banks, commercial finance companies, and factors in connection with the documentation of domestic and international secured lending arrangements, including asset-based, factoring, term loan, healthcare, real estate, middle market, leveraged, and first and second lien loan transactions. He also frequently represents secured lenders in workouts and restructurings and in portfolio acquisitions and dispositions.
  • AgroFresh Amends and Extends the Revolving Credit Facility
    January 3, 2020
    AgroFresh has entered into an agreement with Bank of Montreal to extend AgroFresh’s existing $12.5 million revolving credit facility to April 1, 2021. The amendment also includes favorable revisions to the senior secured net leverage ratio.
  • Cabot Microelectronics Corporation Announces Refinancing of Term Loan Facility
    January 3, 2020
    Cabot Microelectronics Corporation (Nasdaq: CCMP) today announced that it has amended its credit agreement entered into on November 15, 2018 to reduce the interest rate on borrowings under the agreement’s term loan facility by 25 basis points. The new term loan facility of the amended credit agreement has an aggregate principal amount of $957.0 million and bears interest at a rate per annum equal to, at the company’s option, either (a) a London Inter-bank Offered Rate (“LIBOR”), subject to a 0.00% floor, or (b) a base rate, in each case plus an applicable margin of 2.00% for LIBOR loans and 1.00% for base rate loans.
  • Melinta Therapeutics Announces Restructuring Support Agreement with its Secured Lenders under its Senior Credit Facility
    January 3, 2020
    Melinta Therapeutics, Inc. (NASDAQ: MLNT) (the “Company” or “Melinta”), a commercial-stage company focused on the development and commercialization of novel antibiotics to treat serious bacterial infections, today announced that it has entered into a Restructuring Support Agreement (the “Agreement”) with the lenders under its senior credit facility, Deerfield Private Design Fund III, L.P. and Deerfield Private Design Fund IV, L.P. (the “Supporting Lenders”).
  • BlueLinx Announces Closing of Sale-Leaseback Transactions for $27.2 Million Net Proceeds; Transactions Result in Significant Progress in Ongoing Real Estate Monetization and Deleveraging Initiatives
    January 3, 2020
    BlueLinx Holdings Inc. (NYSE: BXC), a leading distributor of building and industrial products in the United States, today announced that it has completed sale-leaseback transactions for aggregate net cash proceeds of $27.2 million, which were used to repay indebtedness under the Company’s term loan. The transactions closed on December 31, 2019.
  • Air Industries Group announces new $18.9 million credit facility with Sterling National Bank
    January 2, 2020
    Air Industries Group (“Air Industries” or the “Company”), an integrated manufacturer of precision equipment assemblies and components for leading aerospace and defense prime contractors is pleased to announce that on December 31, 2019 it entered into a new 3-year, $19.8 million credit facility, consisting of a $16 million revolving credit line, and a $3.8 million term loan.
  • S&W secures new $35 million working capital facility with CIBC
    January 2, 2020
    S&W Seed Company (Nasdaq: SANW) today announced it has closed a new $35 million asset-based revolving credit facility with CIBC Bank USA ("CIBC").
  • Sunnova closes $150 mn in financing to fund growth
    January 2, 2020
    Sunnova Energy International has announced that it has closed an aggregate USD 150 million in financing through an approximately USD 95 million revolving asset-based loan facility and a private placement of USD 55 million aggregate principal amount of convertible senior notes.
  • B. Riley, Kayne Anderson finance furniture chain acquisition
    January 2, 2020
    A subsidiary of B. Riley Financial Inc. in Woodland Hills and Kayne Anderson Capital Advisors in Los Angeles will provide a $700 million credit facility to finance the buyout of a furniture store chain.
  • The Green Organic Dutchman announces closing of secured credit facility
    January 2, 2020
    The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that it has closed the previously announced senior secured first lien credit facility of up to $42.7 million (the “Facility”) with Maynbridge Capital Inc. (the “Lender”).
  • Encina Business Credit, LLC (EBC) provides facility to leading provider of oilfield equipment and services
    January 2, 2020
    Encina Business Credit, LLC (EBC) announced today that it has provided a $10 million senior secured credit facility to a leading provider of oilfield equipment and services.
  • Celtic Capital Corporation today announced its most recent new client relationship
    January 2, 2020
    Celtic Capital Corporation today announced its most recent new client relationship – a California-based distributor of contract manufactured electrical testing devices
  • Advance Auto Parts to buy DieHard brand from Sears for $200 million in cash deal
    December 23, 2019
    Advance Auto Parts is acquiring Sears’ DieHard brand, known for its car batteries, for $200 million in cash, CNBC has learned.