GE Capital, Corporate Finance announced it is administrative agent on a $610 million asset-based credit facility for EVRAZ North America, a steel manufacturer. GE Capital Markets served as joint lead arranger and joint bookrunner.
Bridge Capital Holdings announced that it has provided FiberLink with a $6 million term loan.
Cook M&A Advisory Services announced the appointment of Jordan Benson as vice president, Business Development. Based in Cook M&A’s Chicago headquarters, Benson assists private equity clients in executing M&A investment strategies and advises middle-market business owners seeking private equity solutions.
Bloomberg reported that Bank of America may reduce annual costs by as much as an additional $3 billion in the next stage of chief executive officer Brian T. Moynihan’s efficiency plan.
American Greetings has amended its revolving credit facility. PNC Bank is the global agent, Bank of America and JPMorgan Chase Bank are co-syndication agents, and KeyBank and the Bank of Nova Scotia are co-documentation agents.
Onset Financial said it has provided $5.3 million in funding in separate deals with a West Coast convenience store chain, a nonprofit hospital and an injection mold equipment company.
Prospect Capital announced that it and other third-party shareholders have executed a stock purchase agreement to sell their ownership interests in NRG Manufacturing Inc., a manufacturer of oilfield equipment. RBC Capital Markets is acting as financial advisor to NRG for the sale.
Hennessey Capital announced it provided $1.5 million in three transactions in December 2011.
The Bond Buyer reported that a recently released report based on an audit of bond deals responsible for driving Harrisburg into insolvency has prompted a request for a federal investigation into the transactions.
Fifth Street Finance commenced a public offering of ten million shares of its common stock. Credit Suisse and RBC Capital Markets will act as joint bookrunning managers for the offering.