International Speedway amended and restated its $300 million revolving credit facility. The facility is jointly led by joint book managers SunTrust Robinson Humphrey and J.P Morgan. Wells Fargo acted as administrative agent. Bank of America, Regions Bank and U.S. Bank acted as co-documentation agents.
Web.com said it has upsized its first lien credit facility at an improved interest rate arranged by J.P. Morgan Securities, Deutsche Bank Securities, SunTrust Robinson, Goldman Sachs, Citigroup and Wells Fargo Securities.
The Financial Stability Board published its second annual Global Shadow Banking Monitoring Report that showed non-bank financial intermediation grew from an estimated $26 trillion in 2002 to $67 trillion at year-end 2011.
Mid-Con Energy Partners said it has received lender commitment to increase its borrowing base to $130 million. Royal Bank of Canada acted as administration agent for the lender group.
The Wall Street Journal reported that U.S. companies are scaling back investment plans at the fastest pace since the recession, signaling more trouble for the economic recovery.
NACM expanded its existing services to credit and finance professionals by announcing the addition of its new UCC Filing Services to its Secured Transaction Services division. Creditors can now secure their investments, mitigating the risk of debtor nonpayment, through the new comprehensive services.
Judge Alan Gropper in the U.S. Bankruptcy Court in the Southern District of New York granted permission for Kodak to keep control over its bankruptcy through the end of February, a Fox Business article said.
Marlin & Associates has been nominated and named a finalist as the Boutique Investment Bank of the Year. The firm has also been named a finalist for five Deal-of-the-Year Awards.
Vicente Capital announced that an affiliate of its Growth Equity Fund acquired a controlling interest in Intellectual Technology, a technology solutions and outsourced services provider. OneWest Bank provided the debt financing.
A CFO article on Irv Rothman, CEO of Hewlett-Packard Financial Services, revealed why he prefers to grow a company organically rather than through M&As. But, the article noted, he’s made the most of the opportunities such deals have afforded him.