News

IEC Electronics amended its credit facility with M&T Bank, adding an equipment line of credit of up to $1.5 million.

The Wall Street Journal reported that U.S. crude oil prices have climbed to more than $70 a barrel as suppliers have capped production and stockpiles shrink.

TriplePoint Venture Growth amended its credit facility with Deutsche Bank as administrative agent, increasing the capacity to $210 million and extending the revolver period to February 20, 2020.

J.G. Wentworth successfully completed its reorganization in coordination with its lenders. The company emerged from Chapter 11 with a new revolving credit facility of $70 million supplied by HPS Investment Partners and the elimination of $440.5 million of outstanding debt.

Reuters reported 13 banks, including Credit Suisse and Deutsche Bank, have been charged with arranging a €5.65 billion ($7.03 billion) equivalent debt financing to back KKR’s €6.83 billion ($8.49 billion) acquisition of Unilever’s margarine and spreads business.

Antares Capital closed more than 250 transactions in 2017, issuing more than $21 billion in financing commitments and acting as lead left arranger for approximately $17 billion of first lien and second lien credit facilities.

The Wall Street Journal reported that the Securities and Exchange Commission is looking into GE Capital’s revenue recognition practices for “long-term service contracts.” _x000D_ _x000D_

Jeffrey Linstrom joined Encina Business Credit as general counsel based out of the company’s Chicago headquarters._x000D_ _x000D_

MB Business Capital provided a new senior credit facility to Houston-based Gajeske. _x000D_ _x000D_

Super G provided a $2 million bridge loan to an outsourced pharmaceutical service provider conducting clinical research.