BNP Arranges Seaspan 1B Facility Amendment

Seaspan announced it entered into an agreement to extend and refinance its &1 billion credit facility. BNP Paribas Securities acted as the lead arranger of the amended facility.

Merrill Lynch, Others Arrange Crown Castle Term Loans

Crown Castle International announced its wholly owned subsidiary borrowed $700 million under an existing credit agreement. Incremental term loans were arranged by Merrill Lynch, RBS Securities and Morgan Stanley.

MainSource Bank Expands Commercial Banking Team

MainSource Bank announced it expanded its presence into Cincinnati with the hiring of a team of local commercial banking executives to develop and service businesses throughout the greater Cincinnati area.

MidCap Provides ABL, Term Loan to Skilled Healthcare

Skilled Healthcare Group announced it closed a financing with MidCap Financial consisting of a $62 million, non-recourse, mortgage-backed term loan and a $5 million ABL with an initial balance of $5 million.

Fitch: High Yield Default Rate to ‘Remain Steady’

Fitch Ratings said it projects that the U.S. high yield default rate will remain in a range of 1.5%-2.0% in 2014. Fitch said the key pillars of a low default rate environment – credit availability and good corporate fundamentals – “remain steady.”

December Credit Managers’ Index Falls ‘Dramatically’

A lack of holiday sales has contributed to a drop in the Credit Managers’ Index from the National Association of Credit Management. The economy could be looking at a slowdown in Q1/14, the NACM said.

Wells Fargo Reaches $591MM Agreement With Fannie Mae

Fannie Mae said it has reached a $591 million agreement with Wells Fargo to resolve repurchase requests on certain loans originated prior to 2009.

MidCap, Oxford and SVB Complete Amicus Therapeutics Debt Financing

Amicus Therapeutics announced it completed a $25 million, long-term debt financing with a lending syndicate consisting of MidCap Financial, Oxford Finance and Silicon Valley Bank.

RBC/UBS Provide Financing for Bain Capital Acquisition

Bob’s Discount Furniture announced the signing of a definitive agreement to sell a majority stake in the company to Bain Capital, a global private investment firm. Financing is being provided by RBC and UBS.

Bankers South Provides Debt Capital to Bay Communications II

Bay Communications II announced the closing of a $10 million debt facility with Bankers South to support continued growth of the company’s tower development portfolio.