Today’s News

Last Updated: Wednesday, August 27, 2014, 8:15 am

JPMorgan, Wells to Finance Burger King/Tim Hortons Merger

Tim Hortons and Burger King said they will merge, creating the third largest quick service restaurant company. Burger King obtained commitments for a $9.5 billion financing package led by JPMorgan and Wells Fargo.

BofA Agents Zep Facility Refi

Zep refinanced its credit facility consisting of a new $75 million term loan and a $250 million revolver. Bank of America served as administrative agent, swing line lender and letter of credit issuer.

Marquette Provides ABL Financing to Augusta Coating

Marquette Business Credit provided Augusta Coating & Manufacturing credit facilities totaling $6.525 million encompassing a revolver, equipment term loan, RE loan and capital expenditure loan.

Former GE Capital Exec Named APR Energy CFO

APR Energy named Lee Munro chief financial officer. Prior to joining APR Energy in its early stages, Munro spent 11 years at GE Capital, where he held a number of senior financial and leadership positions.

U.S. Bank Expands Net Access Facility

Net Access announced it expanded its facility with U.S. Bank by an additional $9 million. The company will use a portion of the facility to refinance an existing $5 million of mezzanine debt.

Oxford Provides Debt Financing to Pritok Capital

Oxford Finance announced that it closed a $13.9 million credit facility with Pritok Capital, a private equity group that specializes in investments in senior care real estate.

TD Bank Promotes Bryant to Commercial Banking Relationship Manager

TD Bank said it promoted Robert A. Bryant to assistant vice president, relationship manager in Commercial Banking. Bryant joined TD Bank in 2012 as a senior credit analyst.

Prudential Capital Names Berry to Lead London Office

Prudential Capital Group said it named Michael Berry a managing director and head of its London office. Previously, he was managing director and head of specialized finance at Nomura International.

Golub Facility Supports Brentwood’s MRG Buy

Golub Capital announced that as sole bookrunner and administrative agent, it provided a $165 million GOLD financing to support the acquisition of Marshall Retail Group by Brentwood Associates.

Pala Closes $20MM Nevada Copper Bridge Loan Facility

Nevada Copper announced it closed a $20 million bridge loan facility with Pala Investments.