News

Crossroads Financial secured a new financing commitment for an additional $50 million from a private investment group.

Citizens Commercial Banking led a new credit facility for Fairfax, VA-based MAG Aerospace to provide working capital and acquisition financing. Citizens served as left lead arranger, joint bookrunner and administrative agent on the transaction. _x000D_ _x000D_

Antares served as administrative agent and lead arranger on $350 million in senior secured credit facilities to support Thoma Bravo’s acquisition of MeridianLink and the Action, Synergy, and Achieve divisions of CRIF Lending Solutions.

Reuters reported Citigroup is looking to increase deposits from individuals by launching a new app to make banking easier.

CEVA Logistics launched a proposed refinancing of the majority of its existing debt facilities with the objective of achieving lower interest rates, longer maturities and enhanced liquidity to pursue its strategy. Credit Suisse and HSBC are acting as joint global...

Credit Acceptance extended the maturity of its $350 million revolving secured line of credit facility with a commercial bank syndicate from June 22, 2020 to June 22, 2021.

A Dallas judge entered a $96.2 million judgment against BBVA Compass Bank in a ruling that upholds the verdict against the bank for fraud during loan renewal and modification negotiations with a developer.

Wells Fargo amended Blueknight Energy Partners’ credit facility, reducing the total commitment from $450 million to $400 million, to support the company’s sale of three asphalt terminals to Ergon Asphalt & Emulsions.

The American Bankruptcy Institute reported a total of 306 commercial Chapter 11 bankruptcies for the month of June 2018, a 49% decrease from the 601 commercial Chapter 11 filings in June 2017.

Micron Technology closed a $2 billion revolving credit facility with JPMorgan as administrative agent and joint lead arranger.