News

Cigna will acquire Express Scripts in a cash and stock transaction valued at approximately $67 billion, including Cigna's assumption of approximately $15 billion in Express Scripts debt.

The FDIC arranged a settlement with The Bancorp Bank of Wilmington, DE, relating to unfair and deceptive practices in violation of Section 5 of the Federal Trade Commission Act. The bank will pay a civil money penalty of $2 million.

Petróleo Brasileiro entered into a $4.35 billion revolving credit facility with a syndicate of 17 banks. The Bank of Tokyo-Mitsubishi UFJ served as senior mandated lead arranger on the transaction.

Funko amended its current credit facility to reduce the interest rates on the company’s term loan A and revolving credit facility by 75 basis points and increased the borrowing base under the revolving credit facility by $20 million.

BIOLASE secured a $6 million revolving line of credit from Bridge Bank, a division of Western Alliance Bank. Funds from the two-year accounts receivable line of credit will be used for working capital purposes.

Gordon Brothers enhanced its business development team within its valuation group with a number of appointments across its North American footprint.

Victoria Gold closed a construction financing package totaling approximately C$505 million ($394 million) with  Orion Mine Finance, Osisko Gold Royalties and Caterpillar Financial Services.

Super G provided a $1.25 million seasonal working capital loan to a SaaS- based system provider that assists K-12 educators and administrators in managing, overseeing and enhancing their students’ engagement in digital learning environments.

Penn Virginia entered into an agreement to amend its September 12, 2016 credit facility. Wells Fargo served as administrative agent for the transaction.

Insurance holding company Genworth Financial closed a $450 million senior secured term loan. Goldman Sachs Lending Partners and JPMorgan Chase Bank acted as joint lead arrangers and joint book runners for the transaction.