Siena Provides $8MM Financing to Southern Parallel
Siena Lending Group completed an $8 million revolving and term loan facility to Southern Parallel Forest Products for the purchase of a sawmill and planer mill and for working capital.
Siena Lending Group completed an $8 million revolving and term loan facility to Southern Parallel Forest Products for the purchase of a sawmill and planer mill and for working capital.
LBC Credit said it served as agent and sole lead arranger for $97 million of senior secured credit facilities to support the combination of Monomoy Capital Partners’ portfolio companies, Escort and Cobra Electronics under new parent Cedar Electronics Holdings.
BNP Paribas has agreed to a five-year term loan facility for up to $165 million with Diana Shipping to pay off the Royal Bank of Scotland.
Oryx Stainless Group, a subsidiary of Germany-based KMR Stainless Holding, successfully finalized a €100 million ($100.32 million) syndicated revolving credit facility.
Dominovas energy said it engaged Pyrenees Investments to prepare a private placement of shares of common stock and warrants to produce proceeds of up to $10 million to fund working capital.
Canadian Solar said it has signed a $28.35 million construction loan facility from Robobank to finance the construction of a portfolio of solar power plants in Japan.
IBEX Global Solutions increased its existing revolver with PNC Bank by $5 million and received an additional $10 million to finance capital expenditures.
Renewable Energy Group expanded its line of credit agreement with Wells Fargo Capital Finance from $40 million to $60 million. The modification also increases REG’s L/C issuance from $10 million to $25 million.
Navistar International said it refinanced its existing term loan of Navistar with a new $1.04 billion term loan. JPMorgan Chase will serve as administrative agent and collateral agent.
BMO Harris Bank’s Sponsor Finance group served as a joint lead arranger, joint bookrunner and administrative agent for $145 million in senior credit facilities to Interactive Health, an FFL portfolio company.