• Philadelphia Credit & Restructuring Summit 2017

Today’s News

    JPMorgan, Wells Fargo Support Burger King Popeyes Buy

    Restaurants Brands International, the parent company of Burger King and Tim Hortons, will acquire Popeyes Louisiana Kitchens for $79 per share in cash, or $1.8 billion. JPMorgan and Wells Fargo have committed to provide financing for the purchase.

    Wells Agents Revolver for Popeyes Before Sale to Burger King

    On February 15, Popeyes Louisiana Kitchen amended its credit agreement with Wells Fargo as administrative agent, providing a $150 million revolver expansion. On February 21, Restaurant Brands International, the parent company of Burger King, purchased Popeyes for $1.8 billion.

    KeyBank Business Capital Names Prentis Senior BDO

    Danielle Prentis, an experienced portfolio manager, was named senior business development officer for KeyBank Business Capital.

    Monroe Credit Advisors Supports LongWater Acquisition

    Monroe Credit Advisors placed $13.25 million in senior credit facilities to support LongWater Opportunities’ acquisition and subsequent merger of two domestic sock manufacturers.

    Bibby Promotes Williamson to President, Poston to EVP/BDO

    Bibby Financial Services Canada made two new executive appointments with Calum Williamson promoted to president and James Poston now serving as executive vice president of Business Development.

    MMGP Supports Calera Capital’s Acquisition of Evans

    The Middle Market Growth Program, a joint venture between Antares and LStar Capital, closed a senior secured unitranche credit facility to support the acquisition of Evans Network of Companies by Calera Capital.

    BMO Upsizes Resolute Facility to $150MM

    Resolute Energy closed a new bank facility with $150 million as the initial borrowing base. The Bank of Montreal served as administrative agent for the transaction.

    Gemino Healthcare Provides $8MM to Irmat Drug, Gideon’s Drugs

    Gemino Healthcare Finance recently funded an $8 million senior secured credit facility to Park Irmat Drug and Gideon’s Drugs.

    Bonetti Joins GTCR as Head of Capital Markets Group

    Private equity firm GTCR added Jim Bonetti as managing director and head of the Capital Markets group.

    PNC Agents $400MM Facility for Koppers

    Koppers entered into a new $400 million revolving credit agreement with a $100 million accordion feature. PNC Bank was administrative agent.