News

An entity controlled by George Feldenkreis acquired Perry Ellis International through a $437 million transaction. Perry Ellis was subsequently converted into a private company.

Surgery Partners closed an incremental term loan amendment, which provided for the issuance of a $180 million senior secured incremental term loan under the borrower’s credit agreement, dated August 31, 2017.

Cobalt 27 Capital amended and upsized its revolving term credit facility, increasing the amount from $180 million to $200 million. National Bank of Canada served as administrative agent on the facility.

Webster Financial appointed E. Carol Hayles to its and Webster Bank's boards of directors, effective October 23, 2018. She also has been appointed to the Audit and Risk Committees of the boards.

Super G provided a $1 million second lien term loan for a privately-owned wholesaler of licensed toys, collectibles and housewares.

Amerisource Business Capital funded a $500,000 credit facility for a manufacturer of organic skincare products in California. Proceeds of the facility are being used for working capital to support growth.

The Wall Street Journal reported that with relaxed government regulations, risky loans are making a comeback and few seem worried about it.

LBC Credit Partners provided a $60 million senior secured term loan to support the recapitalization of AirBorn.

Berkshire Bank appointed Ivan Trajkovic as senior vice president, Asset-Based Lending. Trajkovic extensive industry knowledge and executive leadership to the bank. _x000D_ _x000D_

Ares Commercial Finance served as agent for a revolving credit facility in support of the acquisition of Iron Bow Technologies by an affiliate of H.I.G. Capital. _x000D_ _x000D_