News

Roan Resources completed its fall 2018 borrowing base redetermination process resulting in an increase to $675 million from $425 million and a reduction in the pricing grid to a LIBOR spread of 200 to 300 basis points, which is lower...

Pacific Mercantile Bank provided a $3 million credit facility, consisting of a commercial term loan and a revolving line of credit, to Avalon Transportation.

WISeKey International, a Swiss cybersecurity and IoT company, and Chicago-based ExWorks have agreed to amend WISeKey’s existing acquisition line of credit agreement, extending the maturity date to January 16, 2020 and reducing the interest rate from 1.5% per month to...

Gemino Healthcare Finance provided a $3 million asset based revolving line of credit to BridgeWay Healthcare Services.

The Australian Financial Review reported Steinhoff International's Australian business has distanced itself from its troubled parent by changing its name to Greenlit Brands and securing new bank funding from ANZ, NAB and Deutsche Bank._x000D_ _x000D_

The Federal Reserve raised the target range for the federal funds rate to 2% to 2-1/4% in view of realized and expected labor market conditions and inflation.

Destination Maternity has signed a commitment letter with Bank of America for a new five-year $76 million facility to refinance and replace the company’s existing $50 million asset-based loan and $25 million term loan.

FreightRover, a provider of supply chain management and payment solution technology for the transportation industry, closed on a new financing facility of up to $500 million with Crayhill Capital Management and other investors.

Northleaf Capital Partners acted as sole lead arranger on a $50 million senior secured credit facility and a separate preferred equity investment to support the recapitalization and growth of BridgePoint Financial Services.

Ken Lebrun, a U.S. mergers and acquisitions lawyer, will join Davis Polk as a partner in the Tokyo office. _x000D_ _x000D_ _x000D_