News

Hilco Global Mexico, a division of Hilco Global, acquired a large portfolio of non-performing collateralized loans from one of Mexico’s largest banks.

Noble Midstream Partners amended and extended its revolving credit facility. According to a related 8-K filing, JPMorgan Chase Bank acted as administrative agent on the transaction.

Gladstone Capital amended and extended its syndicated credit facility, with KeyBank acting as administrative agent, managing agent and lead arranger on the transaction.

Fintech company FinFit Ops closed a $35 million senior credit facility with Ares Management. The facility includes the option to increase its capacity to $70 million.

JPMorgan Chase acted as administrative agent on the refinancing and maturity date extension of Realogy’s senior secured credit facilities. Simpson Thacher represented the bank on transaction.

Formula One Group refinanced its $3.3 billion term loan under its senior secured credit facilities. JPMorgan Chase Bank acted as lead arranger on the transaction, while JPMorgan Europe served as facility agent.

Houston-based Team amended its secured credit facility to eliminate the total leverage ratio covenant, raise the maximum senior secured leverage ratio covenant and reduce the minimum interest coverage ratio covenant for the facility’s remaining term. Bank of America served as...

Paul Hastings advised Flexi-Van Leasing as issuer in the private offering of $300 million of senior second lien notes and as borrower in a $185 million asset-based revolving facility.

The American Bankruptcy Institute reported that there were 425 total commercial Chapter 11 filings in February 2018, representing an increase of 4% from February 2017’s total of 407.

Reuters reported UK mental healthcare facilities operator Elysium Healthcare has launched a £275 million ($380 million) term loan to refinance existing debt and fund acquisitions.