News

SIG Combibloc secured a $1.1 billion loan from a syndicate of banks led by Barclays Bank serving as administrative agent on the transaction.

UrtheCast entered into a binding agreement for a $142 million senior secured facility with UrtheDaily Funding. The proceeds will be used to finance the construction, launch and deployment of six satellites.

iHeartMedia filed a motion seeking to access a $450 million debtor-in-possession credit facility with an incremental accordion up to $100 million. Citibank will serve as administrative agent.

Utica Leaseco completed the funding of a $350,000 lease secured by machinery and equipment for a farm located in Michigan.

Remington Outdoor Company emerged from Chapter 11 after successfully implementing its plan of reorganization. The company is exiting with a new $193 million ABL loan, a new $55 million FILO term loan and a new $100 million term loan.

Aspen Holdings closed multi-currency syndicated facilities equivalent to approximately €3.4 billion ($4 billion). MUFG and Nedbank served as global coordinators, initial mandated lead arrangers and bookrunners.

According to a report from S&P Global, Chinese banks collectively hold the largest share of total assets held by the top 100 global banks. Crédit Agricole replaced Wells Fargo in the No. 10 slot by $165 million.

Alvarez & Marsal added Jason Green and Don Johnson as managing directors in its Corporate Performance Improvement practice in Chicago, with Green leading the service offering.

Consumer online lender LendingPoint closed an up to $600 million, committed credit facility arranged by Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners.

Macquarie Bank amended the $35 million second lien term loan of Petrus Resources, a public Canadian oil and gas company.