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TSL Express Daily Articles & News
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Avid Technology Announces Closing of Debt Refinancing Resulting in Expected $10 Million Annual Interest Savings
Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that it has entered into a new five-year $180 million term loan and $70 million revolving credit facility with JPMorgan Chase Bank, N.A. and a syndicate of banks.
JPMorgan Chase Bank, N.A., Citizens Bank, N.A., PNC Capital Markets LLC, Silicon Valley Bank, and Truist Securities, Inc. served as the Joint Bookrunners and Joint Lead Arrangers for the new credit facility with JPMorgan Chase Bank, N.A. serving as Administrative Agent, and Citizens Bank N.A., PNC Bank, National Association, Silicon Valley Bank, and Truist Bank serving as Co-Syndication Agents.
JPMorgan Chase Bank, N.A., Citizens Bank, N.A., PNC Capital Markets LLC, Silicon Valley Bank, and Truist Securities, Inc. served as the Joint Bookrunners and Joint Lead Arrangers for the new credit facility with JPMorgan Chase Bank, N.A. serving as Administrative Agent, and Citizens Bank N.A., PNC Bank, National Association, Silicon Valley Bank, and Truist Bank serving as Co-Syndication Agents.
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Encina Business Credit, LLC (EBC) provides facility to leading provider of oilfield equipment and services
January 2, 2020Encina 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.
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Celtic Capital Corporation today announced its most recent new client relationship
January 2, 2020Celtic Capital Corporation today announced its most recent new client relationship – a California-based distributor of contract manufactured electrical testing devices
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Advance Auto Parts to buy DieHard brand from Sears for $200 million in cash deal
December 23, 2019Advance Auto Parts is acquiring Sears’ DieHard brand, known for its car batteries, for $200 million in cash, CNBC has learned.
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Dean Foods Receives Final Court Approval for $850 Million in Debtor-In-Possession Financing
December 23, 2019Dean Foods Company (NYSE: DF) (“Dean Foods” or the “Company”) today announced that the U.S. Bankruptcy Court for the Southern District of Texas has entered a final order granting the Company authority to access the full amount of its $850 million in debtor-in-possession (“DIP”) financing.
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TAQA secures US$3.5 billion revolving credit facility
December 23, 2019Abu Dhabi National Energy Company, TAQA, announced today that it has secured a US$3.5 billion revolving credit facility.
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Encina Business Credit Provides $15 Million Facility to a Coal Company
December 19, 2019Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million senior secured credit facility to a coal mining company. The facility consists of a revolving line of credit based on accounts receivable and equipment. Loan proceeds will be used to support working capital and maintenance capex.
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Bolanos Joins Triumph Business Capital to Head Up Client Experience Team
December 19, 2019Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of working capital financing solutions to small- and medium-sized businesses, announced today the hiring of Moises Bolanos as Senior Vice President of Client Experience. Bolanos joins Triumph after nearly four years in a similar role at eCapital, a freight factoring company based in Southern California.
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NN, Inc. Announces Extension of Senior Credit Facilities and Credit Agreement Amendment
December 19, 2019SunTrust Robinson Humphrey, KeyBank and JP Morgan served as joint lead arrangers on the transaction.
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Jupiter Receives Additional Extension to Credit Facility
December 19, 2019Jupiter Resources Ltd. and its affiliates (collectively, "Jupiter" or the "Company") have received an additional extension to the maturity date, associated with the Company's existing senior secured reserve-based revolving credit facility (the "RBL Facility"), until January 15, 2020.
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Alamos Gold Announces Increase in Credit Facility to US$500 Million
December 19, 2019The amended Facility was joint-led by the Bank of Nova Scotia, BMO Capital Markets, and TD Securities. Additionally, the syndicate includes the Canadian Imperial Bank of Commerce, National Bank of Canada, and ING Capital LLC.
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Vivint Solar Enters Into New Credit Facility
December 19, 2019Vivint Solar announced it closed a $200 million revolving asset-based loan facility. The facility will help fund the company's continued growth in 2020 and beyond by allowing Vivint Solar to finance the purchase of safe harbor equipment and receive attractive advance rates on projects throughout the development life cycle. The lenders include affiliates of Bank of America Securities and Credit Suisse.
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BRP Group, Inc. Upsizes Senior Revolving Credit Facility to $225 Million, Improves Cost of Capital by 150 Basis Points
December 19, 2019JPMorgan acted as sole bookrunner and lead arranger and will serve as administrative agent and lender under the revolving credit facility, while Wells Fargo, Bank of America, Cadence Bank and Wintrust Financial will serve as additional lenders.
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Grabit™ Inc. Enters into Restructuring Support Agreement
December 19, 2019BPG, through its financing subsidiary, BPG International Finance Co. LLC, provided a senior secured loan to Grabit in June 2018. The purpose of the loan was to help advance electro-adhesion technologies for customers of both Grabit and BPG.
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Faegre Baker Daniels and Drinker Biddle & Reath to Combine, Creating a Top 50 Law Firm
December 18, 2019Faegre Baker Daniels and Drinker Biddle & Reath announced the combination of their law firms, following an affirmative vote by the partnerships of both organizations. The combined firm will begin operations as Faegre Drinker Biddle & Reath (Faegre Drinker) on Feb. 1, 2020. Designed for clients, Faegre Drinker will have more than 1,300 attorneys and consultants and 22 offices worldwide.
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Ropes & Gray Continues to Grow Private Equity Platform in Chicago
December 18, 2019Global law firm Ropes & Gray announced today that Martin Q. “Marty” Ruhaak has joined the firm in Chicago as a partner in the firm’s preeminent private equity transactions practice group.
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Betty Hernandez of North Mill Capital LLC Elected To Secured Finance Network Executive Committee
December 18, 2019Betty Hernandez, Executive Vice President and CCO of North Mill Capital had been appointed to the Executive Committee of Secured Finance Network (SFNet), an international trade association for organizations and professionals who deliver and enable secured financing. The $4.1 trillion secured finance industry provides seven major types of financing to businesses: asset-based lending, factoring, supply chain finance, equipment finance and leasing, leveraged lending, cash flow lending, and securitization.
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High Ridge Brands Announces Sales Process
December 18, 2019Files Voluntary Chapter 11 Petitions to Facilitate Transaction; Currently Engaged in Active Discussions with Interested Bidders; Secures Commitment of Approximately $20 Million in Debtor-in-Possession Financing. High Ridge Brands has a portfolio of over thirteen trusted brands, serving primarily North American skin cleansing, hair care and oral care markets, including Zest®, Alberto VO5®, REACH®, Firefly®, Dr. Fresh®, Coast®, White Rain®, LA Looks®, Zero Frizz®, Rave®, Salon Grafix®, Binaca® and Thicker Fuller Hair®.
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Omni-Lite Industries Announces Successful Refinancing of Its Senior Bank Credit Facility
December 18, 2019Omni-Lite Industries Canada, Inc. (the “Company” or “Omni-Lite Industries”) (TSXV: OML; OTCQX: OLNCF) is pleased to announce today the successful refinancing of its current US$700,000 senior bank credit facility with the entering of a new three-year, US$3.0 million revolving line of credit facility with City National Bank, an RBC Company
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ING Leads $402 Million Financing of Market Center in San Francisco for Paramount Group Capping a Record Year of Origination Activity in 2019
December 17, 2019ING Capital LLC ("ING") has closed a $402 million financing for Paramount Group, Inc. (NYSE: PGRE) ("Paramount") to fund their acquisition of Market Center, a two- building, 753,000 square foot, Class A office complex located at 555 and 575 Market Street in San Francisco's Financial District. ING acted is the Administrative Agent and Sole Lead Arranger and plans to syndicate the loan in early 2020.
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Andrew Gordon-Seifert Joins Cleveland Office of McDonald Hopkins as Intellectual Property Associate
December 17, 2019Gordon-Seifert will work with McDonald Hopkins clients on intellectual property litigation matters. The Ohio State University alum spent the last four years at the Akron office of a Columbus, Ohio-based firm, where he handled commercial and antitrust litigation, as well as matters involving trademark, trade secret and copyright issues.
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