News

Alderon Iron Ore’s Kami Mine has agreed with Sprott Resource Lending to extend the term of the $14 million loan facility.

The ABF Journal office will be closed Wednesday, December 25 and Thursday, December 26 in observance of Christmas.

Ericsson has closed a credit facility with the Nordic Investment Bank for $150 million, maturing in 2025. Of these new funds, $98 million will replace credit with NIB that was set to mature in 2021.

The Wall Street Journal reported that banks are tightening requirements on revolving letters of credit to shale companies due to the lower than predicted production.

Hudson Technologies has entered into a new revolving credit facility with Wells Fargo Bank, which provides up to $60 million in borrowing capacity from time to time, subject to a borrowing base.

Carriage Services closed its private offering and increased the commitments of its senior secured revolving credit facility to $190 million.

Global Blood Therapeutics entered into a $150 million loan agreement with funds managed by Pharmakon Advisors, a global life sciences investment firm and manager of the BioPharma Credit funds.

NN has successfully amended its senior credit agreement to, among other things, extend the maturity date of its revolving facility t term loan B, matching the maturity date of NN's longer-dated term loan B.

CoreCivic entered into a new $250 million senior secured term loan B.

BRP Group’s subsidiary Baldwin Risk Partners has amended its senior revolving credit facility, increasing its capacity to $225 million, up $100 million from its previous amount of $125 million.