Old Hill Partners provided a $16.6 million senior secured term loan to a trader and distributor of petroleum products. The loan was secured by a senior mortgage on a very large crude carrier (VLCC), a supertanker with approximately 2 million barrels of capacity.
Mountain Province Diamonds entered into a waiver agreement related to its senior secured revolving credit facility agreement with the Bank of Nova Scotia serving as administrative agent and lender and Nedbank serving as lender.
Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, renewed and expanded its senior secured credit facility for Mersino Management, providing an additional $5.1 million of borrowing capacity.
According to an 8K filled with the SEC, Manufacturers and Traders Trust Company served as administrative agent on an amendment to Integer Holdings’ senior secured credit facility. The amendment was completed as a precautionary step during the COVID-19 pandemic.
According to an 8K, DBS Bank served as agent on an amendment to Startek’s senior term loan and revolving credit facility. The amendment provides a deferment of principal payments until February 2021 along with a potential increase of the revolver from $20 million to $27.5 million.