BofA Agents New $300MM Revolver for TrueBlue

TrueBlue completed a new $300 million revolving credit facility with Bank of America as administrative agent.

Barclays, Deutsche Others Support CD&R American Greetings Buy

Clayton, Dubilier & Rice managed funds are acquiring a 60% ownership stake in American Greetings. The Weiss Family, descendants of Jacob Sapirstein, who founded the company in 1906, will retain a 40% stake in the business. Terms of the transaction were not disclosed.

Scotiabank Agents Royal Gold $1B Revolver Upsize

Royal Gold entered into a new $1 billion revolving credit facility with a group of banks led by Bank of Nova Scotia serving as administrative agent.

HSBC Agents Allied Motion New $125MM Credit Facility

Allied Motion Technologies obtained a new senior secured revolver of $125 million. HSBC Bank USA served as lead bank and administrative and collateral agent for the facility.

BofA, HSBC Agent Pacific Exploration Forbearance Agreements

Pacific Exploration entered into forbearance agreements with its lenders. Bank of America and HSBC served as administrative agents.

Former GE Capital Exec Joins HSBC as Head of GTRF

HSBC Bank USA appointed trade veteran Inwha Huh as head of Global Trade and Receivables Finance, U.S. and Canada. Huh joins from GE Capital where she was managing director and head of Global Business Development & Capital Markets.

Union Bank, ING Arrange $500MM Term Loan

Textainer Group announced Union Bank and ING Belgium will act as lead arranger and joint lead arranger, respectively, for a $500 million term loan. Union Bank leads a group of other financial institutions involved in the transaction.

Wells Fargo, BofA Lead Facility Amendment for Crawford

Crawford & Company announced an amended five-year, $400 million revolver with a syndicate of banks led by Wells Fargo Securities and Bank of America Merrill Lynch as joint lead arrangers and joint lead bookrunners.

BofA Merrill, Others Arrange World Fuel Services Facility Amendment

World Fuel Services expanded its existing revolving credit facility. Bank of America Merrill Lynch, Wells Fargo Securities and HSBC Bank USA served as joint lead arrangers.

HSBC Agents New $50MM Revolver for Mitcham Industries

Mitcham Industries said it has entered into a new $50 million syndicated revolver with HSBC Bank USA, acting as administrative agent. The facility replaces the company’s prior credit agreement with First Victoria National Bank.