News

According to Variety, The Weinstein Company filed for bankruptcy on Monday. Union Bank will provide $25 million in DIP financing for the company.

The Federal Reserve raised interest rates by a quarter-point, its first rate hike this year, in a decision that was widely anticipated by markets.

Hyster-Yale Group amended its $200 million original principal amount term loan. Bank of America acted as administrative agent on the transaction.

Jack in the Box amended its existing senior credit facility arranged by Wells Fargo Securities. Concurrently, Jack in the Box completed the sale of Qdoba to Apollo Global Management in a $305 million cash deal.

Capital One Financial Sponsors Group led a $190 million senior secured credit facility to support the recapitalization of Situs Holdings by Stone Point Capital.

Stradley Ronon hired David W. Grim and Sara P. Crovitz as partners in its Washington, D.C. office.

Christine M. Dimitriou joined business advisory and advocacy law firm McDonald Hopkins as an associate in its Miami office.

Pacific Mercantile extended $6.6 million in financing to Magna Transportation Group. The financing consists of a revolving line of credit, a non-revolving line of credit and a bridge loan.

AutoCanada entered into a new credit agreement providing secured credit facilities of up to $1.08 billion, subject to certain conditions precedent to funding. Scotiabank led the facility, with CIBC, RBC, HSBC and ATB participating in the syndicate.

Buffalo Coal’s subsidiary Buffalo Coal Dundee amended its term loan and revolving credit facility with Investec Bank.