News

According to Fitch Ratings, leveraged loan risks to the U.S. banking system are manageable in the near term. However, negative rating actions for banks would become more likely in the event of a significant market disruption.

Due to risks surrounding the vulnerability of patients, healthcare bankruptcies present government agencies with a unique set of challenges and responsibilities, according to a December ABI Journal article.

HSBC Bank Canada served as administrative agent, lead arranger and sole bookrunner on amendments which reduced the commitment on Western Energy’s syndicated revolving first lien credit facility from $70 million to $50 million.

Avidbank Specialty Finance provided an accounts receivable line of credit and a senior term loan to Calyx Capital Partners.

Investment bank B. Riley FBR assisted Industrea Acquisition in its successfully completed business combination with Concrete Pumping Holdings.

Capital Now provided a $150,000 credit facility to a construction company based in Alberta.

Marketing firm Catalina filed for Chapter 11 bankruptcy to implement a pre-packaged restructuring transaction. J.P. Morgan Chase is serving as administrative agent on a $125 million DIP facility to support the company's operations.

Parker Drilling voluntarily filed for Chapter 11 in order to facilitate its restructuring support agreement. Bank of America and Deutsche Bank agreed to provide $50 million in DIP financing to facilitate the restructuring.

Flat Rock Capital increased the total borrowing capacity of its financing facility with State Bank and Trust to $30 million.

Commercial finance company Great Rock Capital closed a $15 million senior secured credit facility for a marketing and administrative service firm.