FirstMerit Closes Motor Castings Company Revolver
FirstMerit Bank Business Credit closed a $10 million revolving credit loan and term loan facility to Motor Castings Company.
FirstMerit Bank Business Credit closed a $10 million revolving credit loan and term loan facility to Motor Castings Company.
Marquette Business Credit provided a $6 million revolver secured by accounts receivable and inventory to The Industrial Group to refinance its existing line of credit and to support its continued growth.
Angie’s List announced it entered into a new $85 million credit agreement to provide increased financial flexibility for investments in growth. TCW Asset Management Company served as administrative and collateral agent.
Marquette Business Credit said it funded a $5 million credit facility for Concrete Related Products, a Lone Star Investment Advisors portfolio company.
Capmark Financial entered into a series of agreements pursuant to which it will acquire Bluestem Brands. Upon the acquisition’s close, U.S. Bank will provide Bluestem with an $80 million ABL facility.
Integrated Electrical Services amended its credit and security agreement with Wells Fargo Capital Finance. The facility was increased to $60 million and extended to August 9, 2018.
Prospect Capital provided $215 million of first lien senior secured credit facilities to support the recapitalization of Pacific World, a portfolio company of Levine Leichtman Capital Partners.
BMO Harris Bank’s Sponsor Finance group announced it was joint lead arranger, joint bookrunner and is administrative agent for $66 million in senior credit facilities to Tronair.
Henry Schein announced the extension of several existing credit facilities, totaling $1,775 million. J.P. Morgan Securities and HSBC Bank acted as lead arrangers and co-bookrunners.
Webster Business Credit recently provided a $14.6 million senior secured credit facility to Hazen Paper Company to refinance an existing debt and provide on-going working capital and capital expenditure support.