News

Heritage Home Group, a furniture group created following the 2013 bankruptcies of iconic brands Thomasville, Broyhill and Lane, has filed Chapter 11 and has already found buyers for its assets. PNC Bank has agreed to provide $98 million DIP financing.

Monroe Capital acted as lead arranger and administrative agent on the funding of a senior credit facility to support Digital Media Solutions’ continued growth and acquisition of W4.

The Hut Group secured a new $1 billion banking facility to fund further acquisitions. Citibank, JPMorgan, Barclays, HSBC and Santander provided the enlarged facility.

Bridge Bank’s Corporate Banking group provided senior debt financing to support Sole Source Capital’s leveraged buyout of Trade Supplies.

Black Hills extended the maturity dates of its $750 million revolving credit facility and $300 million term loan.

Sprott Private Resource Lending will provide a $25 million senior secured credit facility to Cardinal Resources, subject to certain documentation and other customary conditions.

The Securities and Exchange Commission charged Howard M. Appel with manipulating the stocks of three microcap companies while on supervised release following his criminal conviction for a prior securities fraud._x000D_

Sunoco amended its revolving credit agreement with a syndicate of lenders led by Bank of America Merrill Lynch, extending the maturing date to July 2023.

Merchant Financial Group expanded its existing credit facility from $323 million to $372 million. IDB Bank served as sole lead arranger, sole bookrunner and administrative agent on the transaction.

Utica Leaseco completed $4.2 million in transactions for four different clients.