Today’s News

    RBS-Led Syndicate Provides $200MM Receivables Facility to PPG

    Peninsula Petroleum signed a new $200 million receivables finance facility with a syndicate led by RBS Invoice Finance. The facility also contains an option to increase overall funding by a further $50 million.

    WFCF UK Leads New $45MM Facility for Arlington Industries

    Wells Fargo Capital Finance UK acted as the agent and lead arranger for a $45 million asset-based credit facility for Arlington Industries, an automotive and aerospace manufacturing company.

    Oak Valley Adds Stevens as VP, Loan Officer

    Oak Valley Community Bank, a wholly owned subsidiary of Oak Valley Bancorp, added Michael Stevens as vice president, commercial loan officer.

    Texas Capital Downsizes StoneCastle Financial Facility to $62MM

    StoneCastle Financial, a closed-end investment company registered with the Securities and Exchange Commission, amended its credit facility with Texas Capital Bank to decrease the maximum borrowing amount to $62 million and to obtain more favorable terms.

    SunTrust Extends OnDeck $100MM Revolver

    Online lender OnDeck extended its current $100 million asset-backed revolving credit facility with SunTrust Bank to November 2018.

    Wells Fargo Upsizes Asure Software Facility to Support Acquisitions

    Asure Software acquired iSystems Intermediate Holdco and Compass HRM. In connection with the acquisitions, the company increased the total principal amount of commitments under its credit facility from approximately $32 million to $75 million.

    BofA Agents Emerald Expositions Refi

    Emerald Expositions closed a $565 million senior secured term loan and a $150 million senior secured revolver with Bank of America as administrative agent. The proceeds from the facility were used to refinance all existing loans.

    Wells Fargo Agents $300MM Kforce Credit Facility

    Kforce completed a new $300 million revolving credit facility with a syndicate led by Wells Fargo Bank as administrative agent.

    BofA Agents $285MM Suncoke Energy Facility

    Suncoke Energy Partners and certain subsidiaries entered into an amended credit facility with Bank of America as administrative agent, increasing available funds with a $285 million secured credit facility.

    Getzler Henrich Advises Elm Ridge Exploration in Asset Sale

    Getzler Henrich provided management and financial consulting assistance to the Elm Ridge Exploration debtholders that resulted in a full recovery of their investment.