RadNet has begun a process to refinance its existing term loan and revolving credit facility under which, as of June 30, 2012, it had $338.1 million of total debt outstanding.
Hercules Technology Growth Capital has priced an underwritten public offering of $75 million in aggregate principal amount of its 7.00% senior unsecured notes due 2019. Stifel, Nicolaus & Co., Credit Suisse Securities, Goldman, Sachs and RBC Capital Markets are joint bookrunning managers.
Fifth Street Finance announced it raised $91.2 million in gross proceeds from a public offering of its common stock. The specialty finance company said it intends to use the proceeds to repay debt under its credit facilities.
Panda Power Funds’ affiliate Panda Sherman Power has completed the financing on its planned 758-megawatt natural gas-fueled, combined-cycle power plant in Sherman, TX. Goldman Sachs and Credit Suisse arranged the senior debt financing. Ares Capital was the documentation agent.
Harvest Partners announced that it held a final closing on a new $1.1 billion fund, Harvest Partners VI. Credit Suisse Securities (USA) served as an exclusive placement agent for HP VI.
Aviir, a biotechnology company, announced that it has secured $5 million in growth debt capital and a $3 million line of credit on receivables from Silicon Valley Bank.
TriMas has initiated the process to refinance its existing credit facilities. The new facilities are expected to be comprised of a $250 million senior secured revolver, a $150 million senior secured term loan A and a $250 million senior secured term loan B. J.P. Morgan Securities and Merrill Lynch are arranging the financing.
The euro-zone debt crisis and U.S. political uncertainty, combined with extreme and unexpected events, are continuing to create external risks that companies are grappling to overcome, according to a new PwC U.S. “Risk in Review” paper.
The Wall Street Journal is reporting that Bank of America is accelerating a broad cost-cutting plan and has set a target of shedding 16,000 jobs by year’s end.
US Capital Partners will be expanding its office space in San Francisco in January 2013. The growing investment bank has acquired an adjacent suite at 555 Montgomery Street, San Francisco, increasing its office space by about 125%.