News

Qumu Corporation closed a $10 million credit agreement with ESW Capital, replacing the company's existing term loan with Hale Capital Partners.

Energizer Holdings closed an agreement to acquire Spectrum Brands' Global Battery and Portable Lighting Business for $2 billion in cash. Barclays and JPMorgan Chase committed to provide financing to support the transaction.

EXCO Resources filed Chapter 11 in the U.S. Bankruptcy Court in the Southern District of Texas. JPMorgan, Fairfax Financial Holdings, Bluescape Resources and Cove Key Management will provide $250 million of DIP financing to support the company’s restructuring.

Reuters reported that nine banks, including Royal Bank of Canada, Bank of Montreal and the National Bank of Canada, are being sued in the U.S. for conspiring to rig a Canadian rate benchmark._x000D_ _x000D_ _x000D_

TD Bank's Restaurant Franchise Finance Group closed $26.5 million in financing for Gold Coast Holdings Restaurants to support its acquisition of 15 Wendy’s locations in Florida.

Business Capital structured and secured an asset-based credit facility for Rancho Harvest, a labor contracting provider for farmers, food shippers and processors.

Tree Line Capital Partners provided a unitranche credit facility and equity co-investment to support the acquisition of Caltronics and Flo-Tech by FlexPrint, a portfolio company of Oval Partners. _x000D_ _x000D_ _x000D_

Razor Energy secured an increase of $15 million in its existing non-revolving term loan facility from Alberta Investment Management for an amended principal amount of $45 million.

TCF Capital Funding provided secured financing to support P4G Capital Management’s investment in Unique Elevator Interiors.

Reuters reported that British lenders, including Barclays, the Royal Bank of Scotland and Lloyds Banking Group, may lose hundreds of millions of pounds in outstanding loans following the collapse of UK-based Carillion, a facilities management and construction company.