News

Pacific Mercantile extended $6.6 million in financing to Magna Transportation Group. The financing consists of a revolving line of credit, a non-revolving line of credit and a bridge loan.

AutoCanada entered into a new credit agreement providing secured credit facilities of up to $1.08 billion, subject to certain conditions precedent to funding. Scotiabank led the facility, with CIBC, RBC, HSBC and ATB participating in the syndicate.

Buffalo Coal’s subsidiary Buffalo Coal Dundee amended its term loan and revolving credit facility with Investec Bank.

Santander Bank closed a $38.5 million senior secured equipment and revolving line of credit with Cold Carriers, a refrigerated transportation company.

According to Reuters, Bank of America Merrill Lynch and JPMorgan will lead an $8 billion debt refinancing for beauty company Coty.

Global advisory, restructuring and investment firm Gordon Brothers has been engaged by Triad Racing Technologies to sell the assets associated with it race engine shop located in Mooresville, NC.

DBS Bank served as agent, as well as a mandated lead arranger, on an amendment and restatement to a credit facility for Marina Bay Sands (MBS), a subsidiary of Las Vegas Sands.

A multi-bank facility led by IberiaBank provided a $50 million revolving line of credit to BBX Capital and certain of its subsidiaries, including BBX Sweet Holdings and Woodbridge Holdings.

According to Reuters, retail chain Claire’s Stores has filed for Chapter 11 in U.S. bankruptcy court in Delaware. Citigroup will provide DIP financing for the company as it goes through restructuring.

The SEC charged a former CIO of a U.S. business unit of Equifax with insider trading in advance of the company’s announcement about a massive data breach that exposed the social security numbers of about 148 million U.S. customers.