Trimble entered into a five-year, $1.4 billion amended and restated bank credit facility. JP Morgan, The Bank of Nova Scotia, and Wells Fargo acted as lead arrangers. The new facility replaces Trimble
Arch Coal closed its previously announced $375 million senior unsecured notes and $250 million incremental secured term loan. The company intends to use the net proceeds from these financings for general corporate purposes. Arch also amended its senior secured revolving credit facility.
Celtic Bank closed a $1.5 million contract-based SBA export working capital loan for a manufacturer of defense and aerospace products in Colorado Springs, CO.
Harris Williams announced that Family Christian Stores, a specialty retailer of Christian products, has been acquired by a group of investors. Harris Williams acted as the exclusive advisor to the company.
Huntsman Gay Global Capital, a middle-market private equity firm, announced the official appointment of Jim Learner as a managing partner, and the promotion of three current executives to principal.
CMF Associates announced that its post-transaction “FORWARD” Program has been selected as a finalist for Service of the Year for the 11th Annual M&A Advisor Awards.
U.S. Bankruptcy Judge Robert Drain of the U.S. Bankruptcy Court in the District of Southern New York approved the liquidation of Hostess Brands after mediation between the company and the Bakery, Confectionery, Tobacco and Grain Millers Union failed, a Bloomberg article reported.
An improving economy and a severe drought that caused increased feed costs for large birds generated a 4.8% surge in the 2012 PNC Christmas Price Index, the whimsical economic analysis of the items in “The Twelve Days of Christmas.”
The ABF Journal and abfjournal office will be closed on Thursday, November 22 and Friday, November 23 in observance of Thanksgiving.
Hostess Brands Inc. announced that a mediation with the Bakery, Confectionary, Tobacco and Grain Millers Union was unsuccessful and failed to resolve the contact dispute between the two parties.