News

Amerisource Business Capital closed a $1 million credit facility for an industrial cleaning company based in Texas. Proceeds from the facility were used for working capital.

Deloitte Corporate Finance acted as exclusive financial advisor to Austin Foam Plastics, a provider of protective packaging solutions, in its sale to Sealed Air, a global packaging solutions provider.

Byline Bank’s Sponsor Finance Group provided revolver and term credit facilities to finance Salt Creek Capital’s investment in Drake Truck Bodies. Subordinated debt and equity was provided by Spell Capital Mezzanine Partners.

Cargojet amended and extended its $400 million revolving five-year credit facility with a syndicated lending group led by the Royal Bank of Canada.

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.