Today’s News

    Antares Supports Oak Hill Acquisition of EPIC Insurance Brokers

    Antares Capital served as administrative agent and lead left arranger on a $425 million senior secured credit facility to support the acquisition of EPIC Insurance Brokers & Consultants by Oak Hill Capital Partners.

    Toys ‘R’ Us Files Bankruptcy, JPMorgan-Led Syndicate Provides DIP

    Toys “R” Us and certain of its U.S. subsidiaries and its Canadian subsidiary have filed for bankruptcy. A JPMorgan-led bank syndicate has provided $3 billion in DIP financing to support ongoing operations.

    Abacus Supports Frontenac Leveraged Buyout of Schlotterbeck

    Abacus Finance provided $21.7 million in credit facilities to support the leveraged buyout of Schlotterbeck & Foss by private equity firm Frontenac.

    Former CapitalSource AVP Joins Accord as Portfolio Manager

    Accord Financial added Kyle Moore as portfolio manager, a newly created position. Moore was previously with CapitalSource as an AVP, managing a portfolio of up to 20 credit facilities.

    Monroe Capital Provides $26.3MM Facility to American Optics

    Monroe Capital provided a $26.3 million credit facility to refinance existing debt and to finance an add-on acquisition for American Optics, a DW Healthcare Partners portfolio company.

    JPMorgan Supports Northrop Grumman Orbital ATK Buy

    Global security company Northrop Grumman acquired Orbital ATK for approximately $7.8 billion in cash, plus the assumption of $1.4 billion in net debt. JPMorgan will provide an up to $8.5 billion bridge facility to support the purchase.

    TD Bank Completes Scottrade Acquisition

    TD Bank completed its acquisition of Scottrade Bank for cash consideration equal to approximately $1.4 billion.

    Seltzer Joins Moritt Hock & Hamroff Garden City Office

    Steven P. Seltzer joined Moritt Hock & Hamroff as counsel. He will concentrate his practice in all aspects of complex commercial litigation and cybersecurity matters.

    MidCap Financial Provides $50MM Facility to Blackhawk Mining

    MidCap Financial provided a $50 million senior credit facility to a coal mining and marketing company, Blackhawk Mining.

    Barings Supports Lindsay Goldberg Acquisition of Golden West Packaging

    Barings served as co-documentation agent and participated in providing a senior secured credit facility to support Lindsay Goldberg’s investment in Golden West Packaging Group, a holding company created earlier this year for investments in the packaging industry.