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Papa Murphy’s said it closed on a new $132 million facility that resulted in a 200 bps reduction in borrowing costs. GE Capital Markets was said to be the sole lead arranger for the refinancing.
Atlas Pipeline Partners announced it amended its revolving credit facility with a new five-year, $800 million revolver. Wells Fargo was said to have acted as sole lead arranger and continues to serve as administrative agent.
Bloomberg reported that Detroit won a commitment from Barclays for $275 million in financing to fund the city’s exit from bankruptcy.
GE Capital, Corporate Finance announced it is providing Sotheby’s with $850 million in facilities.
The International Factoring Association and International Factors Group reached a cooperative agreement.
GE Antares announced it served as administrative agent on a $315 million facility to support the acquisition of The Home Décor Companies by Nielsen & Bainbridge.
Bloomberg reported the GDP rose at a 4.2% annualized rate, up from an initial estimate of 4% and following a first-quarter contraction.
Business Capital structured and secured a $3 million combination term loan and revolving line of credit for a modular building contractor.
BBIP announced the purchase of 100% of Upper Peninsula Power’s stock from Integrys Energy. Scotiabank and RBC Capital Markets are providing structuring/placement advice and financing for the transaction.
DS-Concept Factoring announced it provided a $3 million export A/R facility to an automobile parts manufacturer in India.
Sep 4, 2014: ABI Southwest Bankruptcy Conference
Sep 4, 2014: NJTMA Networking Breakfast - Bridgewater
Sep 11, 2014: 8th Annual MidAmerica Regional Conference
Sep 11, 2014: IFA: Transportation Factoring Meeting
Sep 18, 2014: 20th Annual Thomson Reuters LPC Loan & CLO Conference