Today’s News

Last Updated: Monday, August 3, 2015, 3:41 pm

GE Capital Provides $30.7MM to Serazen to Acquire 50 Hardee’s Units

GE Capital’s Franchise Finance business said it has provided a $30.7 million loan to Serazen to refinance debt and to acquire and re-image 50 Hardde’s units in NC and SC.

Capital Business Credit Closes $50MM+ in Six Deals

Capital Business Credit said it issued over $50 Million in financing and factoring solutions to support growing fashion apparel and home furnishing manufacturers.

Crystal Financial Agents Easyhome Increase to $300MM

Easyhome increased its total credit facility, agented by Crystal Financial, by $100 million increasing the facility to $300 million.

BofA Business Capital Agents $80MM ABL for Ice Mobility

Bank of America Business Capital announced it served as administrative agent on a $80 million asset-based revolver to Ice Mobility.

Coyne International Files Chapter 11, Owes NXT Capital $35MM

Coyne International Enterprises has filed for bankruptcy protection and is seeking to reorganize. NXT Capital, said to be owed $35 million, will be providing $3.5 million of DIP financing.

Antares Buyout Loan Backing Sale to CPPIB Includes $10.7B ABL

Reuters reported Antares Capital is in the market with $13.9 billion of credit facilities backing its sale to CPPIB from GE Capital, which includes a $10.7 billion asset-backed loan.

Monroe Capital Expands Credit Facility to $135 Million

Monroe Capital Corporation said that current commitments on its syndicated credit facility led by ING Capital have increased by $25 million to $135 million.

Bank of America Said to Resign as Arch Coal Agent

Bloomberg reported that Bank of America has resigned as agent for Arch Coal’s lenders amid a feud over a proposed debt exchange.

FSOC Says GE Capital Still ‘Systemically Important’

In the most recent meeting of the Financial Stability Oversight Council, GE Capital’s status as a “systemically important financial institution” was not rescinded.

Barclays Agents $900MM Amendment to Support Jarden Buy

Consumer products company Jarden completed its acquisition of Waddington Group, which was partially financed with $900 million of secured terms loans provided by a lender group lead by Barclays Bank as administrative agent.