News

Bioanalytical Systems broke ground last week on the expansion of its GLP toxicology facility on its 52-acre campus in Mt. Vernon, Indiana, near Evansville. First Internet Bank provided $5.87 million in financing to support the expansion.

NatWest is integrating a new blockchain-based platform that aims to dramatically transform and streamline the global syndicated loans market. The new platform is set to go live from November 2018.

First Business Capital completed a $3.346 million credit facility for a metal fabricator and a $7.0022 million facility for a plastic thermoformer.

Hudson Technologies entered into an extension letter related to its interim waiver and second amendment to its term loan credit and security agreement. U.S. Bank served as administrative agent for the transaction. _x000D_ _x000D_

GemCap provided a $7.5 million revolving credit facility to NexGen Financial, a newly formed financial services provider located in Southern California, filling a unique position in the debt settlement space.

Coastal Community Bank hired Erika Heer as executive vice president and chief human resources officer. She will take over all functions related to human resources including talent acquisition, staffing strategies, benefits and wellness programs and employee development.

Trading company BB Energy raised a $245 million revolving credit facility to refinance existing credit and for general corporate purposes.

Penn National Gaming completed its acquisition of Pinnacle Entertainment. Bank of American served as administrative agent for a credit facility of more than $1.5 billion to support the transaction.

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition and future growth of Vereco by a private equity sponsor.

LBC Credit Partners increases the America II credit facility to $49.7 million to support the acquisition of Advanced MP Technology. America II is a portfolio company of Wynnchurch Capital.