News

The SEC voted to propose rule amendments to modernize the description of business, legal proceedings, and risk factor disclosures that registrants are required to make pursuant to Regulation S-K.

Melanie S. Cibik has been appointed to Opus Bank’s board of directors. Concurrently, director Mark E. Schaffer voluntarily resigned from the board in accordance with the board’s retirement policy.

First Business Capital closed a $6.1 million credit facility for a commercial door manufacturer located in Wisconsin.

Amerisource Business Capital closed a $5 million credit facility for a manufacturing company based in Texas.

Wells Fargo Capital Finance acted as administrative agent, lead arranger and book runner for an $825 million asset-based credit facility in connection with the acquisition of Barnes & Noble by Elliott Advisors (UK).

Reuters reported three equity investors behind the £5.91 billion ($7.49 billion) take-private buyout of UK theme park and attraction operator Merlin Entertainments are also underwriting about £1.66 billion ($1.93 billion) equivalent debt.

Bloomberg reported that food delivery service DoorDash is arranging a $400 credit facility led by JPMorgan ahead of its upcoming IPO.

Diebold Nixdorf amended and extended the vast majority of its $787 million revolving credit facility and term A loans from December 23, 2020 to April 30, 2022.

ObsEva closed a $75 million senior secured credit facility with Oxford Finance, a specialty finance firm that provides senior debt to life sciences and healthcare services companies.

Grant Thornton has named Jim Peko as the national managing principal of its Advisory Services practice. _x000D_ _x000D_