News

Huntington Business Credit closed a new $20 million credit facility with Vista Pipe and Supply.

AgroFresh has entered into an agreement with Bank of Montreal to extend its existing $12.5 million revolving credit facility to April 1, 2021.

Lonestar Resources US completed its fall borrowing base redetermination with Citibank.

Grant Thornton has tapped David Hazels to take the helm of its Advisory Services practice, and Renato Zanichelli to lead its Tax Services practice, among other personnel changes.

NB Private Equity Partners entered into a new $200 million credit facility with Massachusetts Mutual Life Insurance, concurrent with the termination of its credit facility with JP Morgan Chase.

Pacific Ethanol entered into long-term amendments to its senior secured notes and to its term loans with CoBank and Compeer Financial for its Pekin and Illinois Corn Processing plants.

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.