News

Morgan Stanley Senior Funding acted as administrative agent for an amendment to XPO Logistics’ senior secured term loan credit agreement, increasing the principal loan amounts from $1.494 billion to $1.503 billion.

LCI Industries amended its credit facility with JPMorgan Chase as administrative agent, increasing the maximum amount that may be borrowed from $200 million to $325 million.

Varagon Capital Partners provided debt financing to support L Squared Capital Partners’ investment in United Scope, resulting in a majority recapitalization of the latter’s business.

Outcome Capital acted as exclusive financial advisor to ATPCO for the acquisition of Routehappy and acted as placement agent for ATPCO in the arrangement of a credit facility with PNC to support the transaction._x000D_ _x000D_

Todd M. Poland joined Peapack-Gladstone Bank as executive vice president, general counsel, based out of the company’s Bedminster, NJ headquarters._x000D_ _x000D_ _x000D_

Commercial Metals Company amended its credit agreement to include a $200 million delayed draw term loan. Bank of America was administrative agent, swing line lender and l/c issuer.

Reuters reported direct lenders are expanding their role in underwriting working capital loans, threatening banks’ share of the middle market leveraged buyout space._x000D_ _x000D_

Guggenheim Investments entered into an agreement with Accel-KKR to provide debt facilities to support its refinancing of Kerridge Commercial Systems, a provider of software solutions to retail, wholesale, merchant and distribution markets.

Lazard elected Iris Knobloch to its board of directors, effective April 1, 2018. Current independent director Richard Parsons has been named lead director of the board.

Deutsche Bank New York Branch acted as administrative and collateral agent on an amendment to Vistra Operations’ credit agreement.