Daily News: February 3, 2014

LBC Credit Provides Term Loan to Support Senco Recap

LBC Credit Partners (LBC) agented a $42.5 million senior secured term loan to support the recapitalization of Senco Brands. Proceeds from the transaction were used to finance the company’s continued growth and a special one-time distribution to the company’s shareholders.

LBC Credit Partners was sole lead arranger, sole bookrunner and administrative agent for this transaction.

Senco is a designer, manufacturer and marketer of branded fastening tools and collated staples, nails and screws.