News

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.

PacBridge Capital Partners committed to a C$12 million ($9.488 million) facility to fund Contextual Genomics, a Vancouver-based cancer genomics company.

Utica Leaseco completed a $300,000 capital lease for an asphalt processing company located in North Carolina.

Banco de Servicios y Transacciones committed to providing a new credit facility of up to $14 million to Crown Point Energy. The facility will partially fund the purchase of Apco Austral’s outstanding shares.

Reuters reported that JPMorgan, Bank of America Merrill Lynch and Citigroup are leading a syndicate of more than 20 banks that have been invited to underwrite Blackstone’s acquisition of a majority stake in Thompson Reuters' Financial and Risk unit.

Advansix amended its credit agreement, terminating its existing term loan and increasing its senior secured revolving credit facility to $425 million.