Wells Fargo Capital Finance acted as left lead arranger, book manager, and administrative agent on a $1 billion, multi-currency, senior secured revolving credit facility for Novelis, a producer of aluminum-rolled products.
Pacific Drilling closed a $750 million senior secured term loan with 2018 maturity and a $500 million senior secured revolver. Citigroup, Goldman Sachs, Deutsche Bank and Barclays acted as joint lead arrangers and bookrunning managers.
Overture Networks secured a $10 million venture loan with Horizon Technology Finance. The new facility follows a recently announced $8 million equity investment.
Coral Capital Solutions provided a $1 million factoring facility to an online marketing and lead generation brokerage company for working capital needs and to support growth.
Reuters reported that in a long-anticipated move aimed at cracking down on market risks, U.S. regulators have proposed designating AIG, Prudential Financial and GE Capital for heightened regulatory oversight.
Furniture maker Chromcraft Revington announced it refinanced its credit facility and entered into a new revolver with First Capital of up to $9 million based upon eligible accounts receivables and inventory.
Full Circle Capital announced the closing of a new revolving credit facility with Sovereign Bank. The company said borrowings under the facility will represent a significant improvement in the cost of debt capital.
Allegiant Partners announced an increased $30 million funding facility with Harris, a part of BMO Financial. Umpqua Bank is a participant in the facility.
Bayside Business Solutions and Grizella announced that they partnered to develop a SaferWatch interface for Bayside’s flagship product, CADENCE.
Crestmark announced it secured a total of $15.25 million in financial solutions for eight new clients since May 15.