Regions Agents $60MM Revolver for PFSweb

PFSweb entered into a new five-year, $60 million revolving credit facility with a syndicate of lenders led by Regions Bank. PNC Bank and Bank of America participated in the facility.

BofA, US Bank Arrange $100MM Credit Facility for EnviroStar

Bank of America and U.S. Bank acted as joint lead arrangers on a new five-year, $100 million syndicated credit facility for EnviroStar. Fifth Third Bank also participated in the facility.

BofA, Wells Fargo, Others Arrange AMETEK Revolver Upsize to $1.5B

AMETEK amended and restated its revolving credit facility, increasing the size from $850 million to $1.5 billion and extending the maturity date from March 2021 to October 2023.

ABL Lenders Face Challenges, But Expect Strong Economy to Keep Them Afloat

Every year, ABL lenders face new challenges. Last year, people were nervous about the impact of prospective tax cuts. This year, the effect of tariffs has both borrowers and lenders shaking their heads. ABL lenders are facing increasing competition as 2019 prepares to roll in. Lisa Miller catches up with five top ABL executives who look back at 2018 and anticipate a strong year ahead.

SMTB Arranges $296MM Term Loan for KEMET Subsidiary

TOKIN, a Japanese subsidiary of KEMET, entered into a new ¥33 billion (approximately $296 million) term loan with Sumitomo Mitsui Trust Bank as sole lead arranger. KEMET also concurrently amended its revolver with Bank of America.

Bank of America Vice Chairman Terrence Laughlin Passes Away

Terrence P. Laughlin, Bank of America vice chairman and head of Global Wealth and Investment Management, passed away last week at the age of 63.

Scotiabank Upsizes Lundin Mining Facility to $550MM

Lundin Mining amended its revolving credit facility, increasing the facility to $550 million with a $50 million accordion option. The Bank of Nova Scotia served as administrative agent for the transaction.

Sears Chairman Lampert Looking for Bankruptcy Financing Partners

Reuters reported that Sears chairman Eddie Lampert is holding discussions with Cyrus Capital Partners to share the $30 million financing to support the company’s Chapter 11 effort.

BofA Agents Expansion of Curtiss-Wright $500 Million Facility

Curtiss-Wright amended credit agreement with a group of seven banks extending the maturity date of its $500 million credit facility through October 2023 and expanding the accordion feature by $100 million to $200 million. Bank of America served as administrative agent.

BofA Agents $1.5B Facility to Support Penn National/Pinnacle Merger

Penn National Gaming completed its acquisition of Pinnacle Entertainment. Bank of American served as administrative agent for a credit facility of more than $1.5 billion to support the transaction.