RBS, Others Arrange Mercuria $1B Revolver
Royal Bank of Scotland and Société Générale were among the mandated lead arrangers and bookrunners on Mercuria Energy Group’s $1 billion Asia credit facility.
Royal Bank of Scotland and Société Générale were among the mandated lead arrangers and bookrunners on Mercuria Energy Group’s $1 billion Asia credit facility.
TCF Capital Funding provided $24 million of secured financing to support Prairie Capital’s investment in a designer and manufacturer of home décor products.
Bloomberg reported Monarch Alternative Capital abandoned negotiations to take over a $140 million loan to RadioShack, as the retailer struggled to reach a deal with lenders on a turnaround plan.
Less Mess Storage announced it successfully refinanced the majority of its debt, 8,500,000 euros, through Bank Zachodini WBK S.A., part of the Santander Group.
First Capital provided a $15 million ABL facility to a manufacturer and distributor of household furnishings. The senior credit facility consists of a working capital revolver collateralized by A/R and inventory.
Exide Technologies announced that it has filed its plan of reorganization and disclosure statement in Delaware. The company’s goal is to emerge from Chapter 11 by March 2015.
MidCap Financial announced it served as syndication agent for a facility to support the acquisition of LDM Group by Lee Equity Partners. The acquisition will be combined with PDR Network.
Bloomberg reported that Marc Schneider of Avenue Capital Group is planning to start his own hedge fund firm in an environment where investors are increasingly supplying capital in distressed strategies.
Amerisource Funding announced the closing and funding of a $1 million line of credit for a multi-state staffing agency operating throughout the Midwest.
PDL BioPharma announced that in connection with the acquisition of Durata Therapeutics by Actavis, PDL received approximately $42.7 million in connection with the termination of PDL’s credit agreement with Durata.