BofA Provides ABL Revolver to MiMedx
MiMedx Group said it secured a $3 million revolving line of credit, which is secured by the company’s accounts receivable and inventory, with Bank of America.
MiMedx Group said it secured a $3 million revolving line of credit, which is secured by the company’s accounts receivable and inventory, with Bank of America.
Investment firm Golden Gate Capital said it has signed an agreement to acquire Springs Window Fashions from Heartland Industrial Partners and interests of the Close Family. BofA Merrill served as financial advisor to Golden Gate on the transaction.
Conn’s Inc. announced it increased its asset-based loan facility from $40 million to $585 million with a syndicate of banks by Bank of America as administrative agent and collateral agent.
Armstrong World Industries said it closed on a new $1.275 billion senior secured credit facility. BofA Merrill Lynch, JP Morgan and Barclays led the transaction.
John Hancock Financial Opportunities Fund said it entered into a $110 million credit facility with Bank of America, which will allow the Fund to engage in leverage by borrowing.
Bloomberg reported that Wex Inc., a provider of payment processing to the commercial and government vehicle fleet industry, increased its credit agreement with Bank of America to $1.1 billion and will now mature in January 2018.
Merisant Company completed the refinancing of its credit facility. The new $95 million credit facility consists of a $70 million secured loan and a $25 million revolver. The lender group consists of Bank of America and Wells Fargo as co-leads and BMO Harris.