News

Oilfield services company ProPetro expanded the capacity of its existing ABL loan facility from $150 million to $200 million. Barclays Bank acted as administrative agent for the transaction.

Celtic Capital provided $2.25 million accounts receivable and inventory lines of credit to an Oregon-based hummus manufacturer and co-packer of various food products

The Wall Street Journal reported that Goldman Sachs new Marcus platform has already loaned $2.5 billion to small business customers.

Invitae reached an agreement with Oxford Finance to expand its existing loan and security agreement by $20 million, bringing the total remaining capital available under the agreement to $40 million.

Balance Point Capital named Adam Sauerteig vice president and hired Grant Groher as a senior associate._x000D_ _x000D_

IOU Financial modified and extended its $20 million secured credit facility with MidCap Financial until December 31, 2020.

GTT Communications agreed to acquire Interoute for approximately €1.9 billion ($2.3 billion) in cash. Goldman Sachs, Credit Suisse and SunTrust Bank, among others, will provide debt financing for the transaction.

Golub Capital acted as administrative agent, lead-left arranger and lead-left bookrunner on a $245 million GOLD facility to support Marlin Equity Partners’ take-private acquisition of Bazaarvoice.

Bloomberg reported that the Remington’s creditors are looking for a quick sale after the beleaguered gun company emerges from Chapter 11.

Ebix expanded its existing credit facility from $450 million to $650 million to assist in funding its growth. Regions Bank served as administrative agent for the transaction.