News

King Trade Capital established a $3 million trade finance facility for a Florida-based company that develops, manufactures, and sells action figures to various large US retailers.

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support Xponential Fitness’ acquisition of Pure Barre.

Sears Holdings is seeking court approval for Service.com to serve as a stalking horse bidder on the Sears Home Improvement business in a Section 363 sale. Sidley Austin is advising Service.com on the transaction.

Reuters reported banks are continuing to issue highly leveraged loans in the wake of loosening rules this year, despite regulator warnings of credit market frothiness.

Good Times Restaurants, operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, amended its credit agreement with Cadence Bank, expanding its facility from $12 million to $17 million.

Wells Fargo served as administrative agent on a credit agreement with Antero Midstream Partners, which, among other things, increased the aggregate lender commitments on the facility to $2 billion.

Ares Management’s Credit Group provided approximately $2.9 billion in commitments across 47 transactions that closed during the third quarter of 2018.

Austin Financial Services funded a $5 million ABL facility for a 37-year-old transportation company with a strong national presence.

CVC Credit Partners acted as administrative agent on a first lien senior secured credit facility for Industrial Physics. The company used the proceeds to finance an acquisition and refinance existing debt.

Utica Leaseco completed two transactions totaling $1.075 million during the last week of October 2018.