Forest City Increases Facility, Adds Citibank to Bank Group
Forest City said it expanded its revolver to $500 million. In addition to increased commitments from KeyBank and PNC, Citibank joined the bank syndicate.
Forest City said it expanded its revolver to $500 million. In addition to increased commitments from KeyBank and PNC, Citibank joined the bank syndicate.
Capital One Bank acted as a joint bookrunner on a $213.5 million secured term loan to FC Ranger Acquisition. The proceeds financed the acquisition of a portfolio of 26 senior housing properties.
Stifel Financial entered into a strategic relationship with Carlyle GMS Finance whereby the companies will mutually refer middle-market opportunities to each other.
PNC provided a $40 million asset-based revolving line of credit for Raleigh, NC-based Xerium Technologies, a global manufacturer and supplier of industrial consumables for machines.
Savile Finance Group said it implemented Bayside Business Solutions’ CADENCE | Live platform for ABL and ClientWeb to administer its business-to-business lending.
Arsenal Capital’s Diversified Global Graphics Group completed the refinancing of its senior debt with Cole Taylor Business Capital. The terms of the loans were not disclosed.
MidCap Business Credit promoted three internal officers to executive positions. Steven Samson, Peter Rutigliano and Seth Cooper were appointed president, executive vice president/Risk, and senior vice president/sales manager, respectively.
MarineMax said it has expanded its primary financing facility to provide for borrowings of up to $205 million. The facility is led by GE Capital Commercial Distribution Finance and includes M&T Bank and Bank of the West.
Most U.S. banks should be able to meet tougher standards set by U.S. banking regulators in their final capital rules, Fitch Ratings said.
Groupe Casino said it has signed a five-year confirmed credit facility for $1 billion with a group of ten international banks. JPMorgan and RBS acted as the coordinating banks.