Today’s News

Last Updated: Thursday, August 28, 2014, 5:34 pm

GE Antares Agents N&B’s Home Décor Companies Buy

GE Antares, a unit of GE Capital, announced it served as administrative agent on a $315 million facility to support the acquisition of The Home Décor Companies by Nielsen & Bainbridge.

GE Capital, Corporate Provides Sotheby’s $850MM in Facilities

GE Capital, Corporate Finance announced it is providing Sotheby’s with $850 million in facilities.

IFA Forms Alliance with IFG

The International Factoring Association and International Factors Group reached a cooperative agreement.

BofA Agents PGI Facility Amendment Upsize to $500MM

Premiere Global Services said it closed an amendment to its credit facility that provides for increasing the borrowing capacity to $500 million from $400 million. Bank of America served as administrative agent.

SunTrust Agents $60MM American Eagle Revolver

American Eagle Energy said it closed a senior secured revolving credit facility with an initial borrowing base of $60 million with SunTrust Bank serving as administrative agent.

XZERES Completes $15MM Financing with Wells Fargo

Global clean energy solutions company XZERES said it completed a $19.9 million financing that included a new $15 million term loan provided by Wells Fargo Bank.

Wells Extends BFS Credit Line

Business Financial Services announced a $125 million credit line with Wells Fargo Capital Finance. The new line is an increase from the existing $82 million credit line that the company announced last year.

BofA Leads Carfinco Facility Extension

Carfinco Financial announced it renewed its facility for Canadian operations. Bank of America led a lending syndicate that included Wells Fargo Financial Canada, BMO and Alberta Treasury Branches.

RBS, Others Arrange Marathon Petroleum Term Loan

Marathon Petroleum announced it entered into a term loan agreement with a syndicate of lenders. RBS, Bank of Tokyo-Mitsubishi, Barclays, Citigroup and Morgan Stanley served as joint lead arrangers and joint bookrunners.

SEC Adopts Credit Rating Agency Reform Rules

The SEC announced it has adopted new requirements for credit rating agencies to enhance governance, protect against conflicts of interest and increase transparency.