News

The Wall Street Journal reported that a federal judge has ruled that PwC was negligent in connection with the Colonial Bank failure._x000D_ _x000D_

Keane Group amended its ABL facility with Bank of America serving as administrative agent, increasing the total availability to $300 million.

Reuters reported Steinhoff International’s Asia Pacific unit is trying to distance itself from its South African parent company, which has been hit by a major accounting scandal.

Mid-Con Energy Partners sold the oil and natural gas assets within its Southern Oklahoma core area to Exponent Energy III, a Tulsa, OK-based company. In connection with the divestiture, Wells Fargo reduced the company’s borrowing base to $115 million.

American Woodmark replaced its existing revolving credit facility with new facilities provided by a syndicate of lenders arranged by Wells Fargo Securities as administrative agent.

Aluminum-rolled product manufacturer Aleris International amended its 2015 ABL facility with JPMorgan Chase serving as administrative agent.

Switch, the technology infrastructure corporation, repriced its credit facility and amended the applicable credit agreement. Wells Fargo acted as administrative agent.

Campbell Soup acquired Snyder’s-Lance for $50 per share in an all-cash transaction. Credit Suisse agreed to provide a bridge loan of up to $6.2 billion to support the purchase.

Sportsman’s Warehouse amended its credit agreement with Wells Fargo Bank as administrative agent, collateral agent and swing line lender, increasing commitments to $150 million.

Carl Marks Advisors kicked off 2017 by promoting Jonathan Killion to managing director, Ben Godbout to director and Parker Codie to associate. Chuck Kwong joined from GE Capital as vice president of strategic research.