News

Wells Fargo acted as administrative agent and U.S. Bank as collateral agent, account bank and collateral custodian on an amendment to Business Development Corporation of America’s revolving credit facility.

American Tire Distributors successfully emerged from Chapter 11. Wells Fargo Capital Finance provided $1.005 billion in committed exit financing to support the company’s future operations and growth initiatives.

CIBC and TD Securities led the syndicate of banks on an amendment to Tervita’s senior secured revolving credit facility, increasing the maximum principal amount available by $75 million to $275 million.

Law firm Stroock promoted two lawyers to partner and six lawyers to special counsel, effective January 1, 2019.

Golub Capital acted as administrative agent, joint lead arranger and joint bookrunner on financing to support Pet Supplies Plus’ buyout by Sentinel Capital Partners.

Gibraltar funded a $2 million line of credit and an $8 million line of credit, respectively, to support the acquisitions of two different staffing companies by experienced industry players.

Independent investment bank Matrix Capital Markets supported the sale of Revere Gas’ propane distribution and rail terminal business to Quarles Petroleum, a provider of residential and commercial fuel.

Permira Credit Solutions III, a subsidiary of European specialist debt investor Permira Debt Managers, acted as sole senior secured lender to healthcare consulting firm Validant.

OnDeck amended and restated its existing $119.7 million asset-backed revolving debt facility with SunTrust Bank as administrative agent and Wells Fargo as paying agent and collateral agent.

Essex Capital Group arranged a $2 million recapitalization for VoltAir Consulting Engineers, a Florida-based mechanical engineering firm.