SAFE Security Completes $130MM Credit Refinancing
ICV Partners said its portfolio company SAFE Security completed the refinancing of its existing senior credit facility with a new $130 million debt facility led by Bank of America.
ICV Partners said its portfolio company SAFE Security completed the refinancing of its existing senior credit facility with a new $130 million debt facility led by Bank of America.
Fox Business News reported that GE Capital is marketing $500 million in rare ten-year floating-rate notes to investors.
The FDIC said that Frontier Bank was closed by the Georgia Department of Banking and Finance. The press release noted the FDIC entered into a purchase and assumption agreement with HeritageBank of the South to assume all of the deposits of Frontier Bank.
The Labor Department said U.S. employment rose by 236,000 in February, and the unemployment rate edged down to 7.7%.
The Wall Street Journal reported that U.S. companies with a record windfall of dividends and share buybacks, helping to propel the stock market’s rally.
The Journal said companies in the S&P 500 index are expected to pay at least $300 billion i…
B. Riley & Co acted as advisor in an $83.5 million comprehensive debt refinancing package for Cadiz, Inc., a renewable resources company.
Bloomberg notes in a report that Goldman Sachs, JPMorgan Chase and Morgan Stanley lagged behind peers in a key measure of capital strength by U.S. regulators to stress-test their resiliency in a severe recession.
Wellington Financial announced a $2 million venture debt financing for PHD Virtual Technologies. PHD Virtual provides virtualization backup and monitoring software for physical, virtual and cloud environments.
ORIX Leveraged Finance served as lead arranger, administrative agent and sole lender for the debt facility that will support the investment in Sprinkles Cupcakes by KarpReilly.
Bloomberg reported that wireless carrier MetroPCS Communications is planning to sell benchmark debt. Deutsche Bank, Credit Suisse, JPMorgan and Morgan Stanley were said to be managing the offering.