News

Nuvectra, a neurostimulation medical device company, reached an agreement with Silicon Valley Bank and Oxford Finance, the lenders of its existing credit facility, to secure a second amendment to the company’s loan and security agreement for $45 million.

RumbleOn closed on a secured floorplan line of credit for up to $25 million with Ally Bank.

Amerisource Business Capital closed a $1 million credit facility for a Michigan-based distributor of outdoor and camping accessories.

According to an 8-K filing, Virginia-based ShenTel amended its credit agreement, with CoBank serving as administrative agent.

Clayton, Dubilier & Rice managed funds are acquiring a 60% ownership stake in American Greetings. The Weiss Family, descendants of Jacob Sapirstein, who founded the company in 1906, will retain a 40% stake in the business. Terms of the transaction...

Alan Rosenberg of Markowitz, Ringel, Trusty + Hartog, PA (Miami) has produced a podcast available on the American Bankruptcy Institute website addressing the potential for fraud in bitcoin-related bankruptcies._x000D_ _x000D_

During Q4/17, the Ares Management Credit Group closed new financing commitments in its U.S. direct lending strategies that totaled approximately $2.8 billion across 53 transactions.

Metal manufacturers Worthington Industries extended and amended its existing five-year, $500 million revolving credit facility. JPMorgan Chase and PNC Capital Markets led the bank consortium for the amendment.

Utica Leaseco completed a $5 million refinance for a plastic film extrusion company located in Silicon Valley.

Amerisource Business Capital funded a $1 million asset-based revolver for a Texas-based pipeline service and repair firm.