ABF Journal Office to Close in Observance of the New Year

The ABF Journal and abfjournal.com office will be closed on Monday, December 31 and Tuesday, January 1 in observance of the New Year. We wish our readers a safe and happy holiday!

Comerica Bank Provides Credit Agreement to Universal Power

Universal Power Group signed a four-year, $30 million credit facility with Comerica Bank. The company has also implemented a $4 million, four-year term loan, which will be used to refinance existing debt.

Flotek Announces $75 Million Expanded Credit Facility With PNC

Flotek Industries has entered into an amendment to its current credit facility with PNC Bank that, among other terms, expands the size and extends the term of the facility, providing capital to refinance its outstanding convertible notes and reduce the cost of its current borrowings.

WSJ: ‘Whale’ Capsized Banks’ Rule Effort

The Wall Street Journal said that banks are ending the year largely resigned that their activities will be constrained and monitored more closely by the government as a result of JPMorgan’s “London whale” losses.

Herrick, Feinstein Celebrates a Year of Honors

Herrick, Feinstein said its Corporate Department has been honored with more than a dozen awards in areas ranging from mergers and acquisitions and venture capital to business formation and food and beverage.

Court Gives Interim Approval of THQ DIP Loan

U.S. Bankruptcy Judge Mary F. Walrath in the U.S. Bankruptcy Court in the District of Delaware provided interim approval for THQ to use $6.5 million of its $37.5 million debtor-in-possession loan, a Bloomberg article said.

Harris Williams Advises A&R Logistics in Sale to Mason Wells

Harris Williams announced the sale of A&R Logistics to Mason Wells and industry executives and investors Mark Holden and Rich Mitchell. Harris Williams acted as a financial advisor to A&R.

Biz2Credit Reaches $800MM in Small Business Funding

Online resource for small business finance Biz2Credit said it has reached $800 million in funding for small- and mid-sized businesses since its inception 2007.

Matrix Announces Sale of Express Lane to Lehigh Gas Partners

Matrix Capital Markets Group provided merger and acquisition advisory services to Express Lane in its sale to affiliates of Lehigh Gas.

JP Morgan Agents Facility Amendment for Revel AC

Revel AC completed the amendment to its existing revolving credit facility with JP Morgan Chase as administrative agent. The amendment added a new $125 million term loan and an increase of $25 million in the existing revolving commitments.