News

Landis+Gyr closed on a five-year, $240 million revolving credit facility which replaced the company’s $215 million bridge loan.

Avidbank Specialty Finance provided a combined $5 million line of credit and term loan to Art Brand Studios.

Landis+Gyr closed on a five-year, $240 million revolving credit facility that replaced the company’s $215 million bridge loan.

Cigna will acquire Express Scripts in a cash and stock transaction valued at approximately $67 billion, including Cigna's assumption of approximately $15 billion in Express Scripts debt.

The FDIC arranged a settlement with The Bancorp Bank of Wilmington, DE, relating to unfair and deceptive practices in violation of Section 5 of the Federal Trade Commission Act. The bank will pay a civil money penalty of $2 million.

Petróleo Brasileiro entered into a $4.35 billion revolving credit facility with a syndicate of 17 banks. The Bank of Tokyo-Mitsubishi UFJ served as senior mandated lead arranger on the transaction.

Funko amended its current credit facility to reduce the interest rates on the company’s term loan A and revolving credit facility by 75 basis points and increased the borrowing base under the revolving credit facility by $20 million.

BIOLASE secured a $6 million revolving line of credit from Bridge Bank, a division of Western Alliance Bank. Funds from the two-year accounts receivable line of credit will be used for working capital purposes.

Gordon Brothers enhanced its business development team within its valuation group with a number of appointments across its North American footprint.

Victoria Gold closed a construction financing package totaling approximately C$505 million ($394 million) with  Orion Mine Finance, Osisko Gold Royalties and Caterpillar Financial Services.