The ABF Journal and abfjournal.com office will be closed on Monday, December 24 and Tuesday, December 25 in observance of Christmas. From all of us at abfjournal, our sincerest best wishes for a joyous Christmas with family and friends.
Frozen Food Express amended its $50 million secured asset-based credit agreement with Bank of America. The maturity date remains unchanged at March 29, 2015.
FelCor Lodging Trust amended and restated its $225 million secured line of credit facility. JPMorgan Chase continued to serve as administrative agent. Bank of America served as syndication agent.
PRA closed a $600 million credit facility to fund business operations and expansion. Bank of America Merrill Lynch led arrangements for the facility with Wells Fargo Securities and SunTrust Bank.
Star Buffet announced that the U.S. Bankruptcy Court for the District of Arizona entered an order confirming the company’s Second Amended Plan of Reorganization.
Lowenstein Sandler has added veteran attorney Seth T. Goldsamt as a partner in its Specialty Finance practice. Goldsamt is based in Lowenstein’s New York City office. He joins Lowenstein Sandler from McDermott Will & Emery, where he was a partner.
Hercules Technology Growth Capital said during Q4/12, it originated $205 million of debt and equity commitments and provided more than $65 million in new commitments and renewals to existing portfolio companies.
The Association of Insolvency and Restructuring Advisors announced the certification of Andrea Beirne as a Certified Insolvency and Restructuring Advisor. Beirne is a partner with KPMG in Chicago.
Prospect Capital announced that it has increased total commitments to its five-year $650 million revolving credit facility by $35 million to $552.5 million in the aggregate.
Ridgemont Equity Partners, a middle-market buyout and growth equity investor, announced the closing of a majority equity investment in J.A.M. Distributing Company, a distributor of lubricants, fuel, base stock and ancillary products.