JPMorgan, Wells Lead New $200MM Facility for Drew Industries
Drew Industries replaced its existing $100 million credit facility with a new $200 million revolving credit facility. JPMorgan Chase and Wells Fargo led the refinancing.
Drew Industries replaced its existing $100 million credit facility with a new $200 million revolving credit facility. JPMorgan Chase and Wells Fargo led the refinancing.
VOXX International entered into an amended $140 million credit facility with a $15 million sublimit for letters of credit and the right to increase the maximum revolver amount to $175 million.
Citizens Commercial Banking provided Lytron with a new $15 million revolving line of credit.
AtriCure entered into a term loan and revolving line of credit agreement with Silicon Valley Bank, providing access to a new $25 million five-year term loan, as well as renewing a $15 million revolving line of credit.
Siena Lending Group completed a $15 million credit facility for Rotorcraft Leasing Company to refinance its existing senior debt and to support its working capital needs.
Horizon Technology Finance increased its syndicated revolving credit facility to $95 million, led by KeyBank.
Scorpio Tankers amended and restated its credit facility with ING bank, increasing the borrowing capacity from $87 million to $132.5 million.
BioAmber’s Canadian subsidiary, BioAmber Sarnia, has secured a C$10 million ($7.94 million) loan from BDC Capital.
Swift Energy completed its restructuring and emerged from Chapter 11. The company closed on a new $320 million reserve-based revolving credit facility with a lender group led by JPMorgan Chase as administrative agent.
IOU Financial entered into a $50 million credit facility with MidCap Financial with an initial commitment of $25 million that can be expandable to $50 million at IOU’s request and the lender’s acceptance.