Cerberus Upsizes Avid Technology Facility to $150MM

Avid Technology amended its credit facility, increasing the term loan from $105 million to $127.5 million and the revolver from $10 million to $22.5 million. Cerberus Business Finance served as administrative agent on the transaction.

PNC Agents $20MM Upsize for Funko

Funko amended its current credit facility to reduce the interest rates on the company’s term loan A and revolving credit facility by 75 basis points and increased the borrowing base under the revolving credit facility by $20 million.

Cerberus Agents $15.5MM DIP for Patriot National

Patriot National, a provider of technology and outsourcing solutions to the insurance industry, filed a pre-packaged restructuring plan with the U.S. Bankruptcy Court for the District of Delaware.

Cerberus Agents $89MM Harvard Bioscience Facility

Harvard Bioscience entered into a credit agreement with Cerberus Business Finance serving as administrative agent and collateral agent for the lenders.

Dyal Capital Partners Invests in Cerberus Business Finance

Dyal Capital Parstners, a division of Neuberger Berman, made a strategic minority investment in Cerberus Business Finance.

Johnston, Peterson Launch Cerberus SF Office

Scott Johnston and Kurt Peterson joined Cerberus Business Finance and will launch the company’s San Francisco office.

Cerberus Supports ModusLink $476MM Acquisition of IWCO Direct

ModusLink Global Solutions completed the acquisition of privately-held IWCO Direct, a leading provider of data-driven direct marketing solutions, for $476 million in cash.

MidCap Provides $52MM Facility to Accuray

Accuray closed a new $52 million senior secured revolving loan facility with MidCap Financial Trust.

Cerberus Business Finance Hires Woolford to Manage Capital Markets

Cerberus Business Finance added Jefferies veteran Andrew Woolford to the firm as a managing director who will oversee capital markets activities.

Cerberus Provides Debt for Dunes Point Capital Acquisition

Dunes Point Capital acquired the assets of Floors and Malibu Acceptance, which will be combined to create a diversified flooring platform. Cerberus Business Finance provided debt for the transaction.