Today’s News

    JPMorgan Chase Agents New $700MM Term Loan for LPL Financial

    LPL Financial announced it completed a $700 million debt transaction in the form of a tranche B term loan with a 2022 maturity date with a lender group led by JPMorgan Chase as administrative agent.

    FDIC: Banks Q3 Earnings up 5.1%; Chairman Warns of Credit Risk

    The FDIC reported Q3/15 bank net income of $40.4 billion was up 5.1% or $1.9 billion from a year earlier. Chairman Martin J. Gruenberg noted “signs of growing interest-rate risk and credit risk that warrant attention.”

    BB&T Agents Main Street Facility Amendment

    Main Street Capital announced the amendment of its credit facility. BB&T served as administrative agent.

    AloStar Lender Finance Funds $15MM ABL to Stonemark Holdings

    AloStar said it funded a $15 million commitment to Stonemark Holdings, a provider of insurance premium financing. The commitment was funded through AloStar Lender Finance.

    Wells Agents $135MM Inventure Foods Refi

    Inventure Foods announced it completed a $135 million debt refinancing that includes a five-year, $50 million senior-secured revolver and a five-year, $85 million senior secured term loan. Wells Fargo served as administrative agent.

    Wells Agents $250MM West Corp Term Loan Refi

    West Corporation announced it received lender commitments to provide a $250 million term loan due 2021 under the existing amended and restated credit agreement. Wells Fargo served as administrative agent.

    Walter Energy to Auction U.S. Coal Assets

    According to Reuters, Walter Energy received court approval to auction its coal assets as part of a proposal to emerge from bankruptcy.

    Deloitte Advises G.H. Tool & Mold on Recap with Tooling Technology

    Deloitte Corporate Finance acted as the exclusive financial advisor to G.H. Tool & Mold on its majority recapitalization with Tooling Technology Holdings, a portfolio company of GenNx360 Capital Partners.

    New Enterprise Leads APX Labs Funding Round

    APX Labs’ most recent funding round was led by New Enterprise Associates, a global venture capital firm focused on helping entrepreneurs build businesses.

    Demica Appoints GE Vet Terrade Head of Structuring

    Demica, a UK-based specialist provider of working capital solutions and financing partner to multinational companies, announced the appointment of François Terrade as head of Structuring.