News

Lighthouse Financial completed a $3 million revolving line of credit to a North Carolina based designer, manufacturer and distributor of personal flotation devices, footwear and other outdoor products.

Bloomberg reported on a $42 million settlement Bank of America reached with the New York Attorney General’s office. The fine was levied over accusations the bank had sold customers’ trades to other firms without their clients’ permission or knowledge.

According to The Wall Street Journal, firearms manufacturer Remington Outdoor has filed for Chapter 11, an anticipated move after it announced its plans to do so in February.

Virco Manufacturing amended its 2011 revolving credit and security agreement. PNC Bank served as lender and administrative agent on the transaction.

A team of disposition firms consisting of Gordon Brothers, Great American Group, Hilco Merchant Resources and Tiger Capital Group began going-out-of-business sales at all 735 Toys “R” Us and Babies “R” Us locations throughout the U.S. and Puerto Rico on...

According to Reuters, rideshare company Uber increased its self-arranged term loan B to $1.5 billion. Morgan Stanley served as financial advisor on the transaction.

Private investment firm J.C. Flowers completed its acquisition of Jefferson Capital International from Flexpoint Ford.

JPP acted as both administrative and collateral agent on an amendment to Sears Holdings’ second lien credit agreement.

Abacus Finance and Lineage Capital provided equity and debt financing to Diamond Mowers. The new capital will allow Diamond to accelerate new product development, fund strategic acquisitions and accelerate the expansion of its manufacturing capacity.

NeoGenomics Laboratories and certain of its subsidiaries, as guarantors, amended its $150 million credit agreement, consisting of a revolver and a term loan. Regions Bank served as both administrative and collateral agent on the transaction.