News

Goldman Sachs BDC amended its senior secured revolving credit agreement to, among other things, reduce the company’s minimum asset coverage ratio financial covenant from 200% to 150%. SunTrust served as administrative agent for the transaction.

Arbitration and damages expert Greig Taylor joined AlixPartners as a managing director in its Investigations, Disputes & Risk practice. He is based in AlixPartners’ New York office.

The Securities and Exchange Commission entered an order finding that Citigroup Global Markets misled users of a dark pool operated by one of its affiliates.

HighPoint Resources entered into an amended revolver which increased its borrowing based and commitment by 67% to $500 million. The bank syndicate was arranged by JPMorgan Case and included 11 participants.

Welsh specialty bakery manufacturer Finsbury Foods secured an additional £15 million ($19 million) finance package from HSBC UK and its other banking partners to support the acquisition of gluten free bakery business Ultrapharm.

Rallye signed a $581.4 million credit facility with five of its core banks: BNP Paribas, Credit Agricole CIB, Credit Industriel et Commercial, HSBC and Natixis.

Saturn Oil & Gas entered into a $20 million senior secured revolving note facility with Prudential Capital Energy Partners, a mezzanine fund business sponsored by Prudential Capital.

Nautilus Minerals received a $500,000 loan from Deep Sea Mining finance under an existing loan agreement which provides for a secured structured credit facility of up to $34 million.

Methode Electronics, a global developer of custom engineered and application-specific products, completed the acquisition of Grakon Parent. Bank of America served as administrative agent, increasing Methode’s credit facility by $250 million to support the transaction.

Golub Capital served as administrative agent, sole lead arranger and sole bookrunner for a $75 million GOLD facility to support the acquisition of Amazing Lash Studio by WellBiz Brands.