News

TAB Bank provided a $2.5 million revolving credit facility to a Pennsylvania-based trucking equipment company.

Hercules Capital increased its credit facility with MUFG Union Bank to $100 million.

A. M. Castle expanded its existing credit facility to increase its borrowing capacity by $25 million. PNC is the company’s first lien lender.

Ericsson signed a credit facility agreement of €250 million ($292.7 million) with the European Investment Bank.

Utica Leaseco completed a $650,000 lease for a Connecticut-based tree logging company during the week of May 28, 2018.

Kingfisher Midstream, a subsidiary of Alta Mesa, expanded its senior credit facility from $200 million to $300 million in commitments from a syndicate of banks. Wells Fargo served as administrative agent.

The U.S. Supreme Court ruled that Sergio Fernando Lagos does not have to reimburse GE Capital the $5 million the company paid to investigate his fraudulent activities. Lagos pled guilty to defrauding GE of more than $30 million.

Reuters reported 275 companies have turned to the leveraged loan market in the last three months, which has caused the $1 trillion market to suffer from market fatigue

Breakout Capital, a technology-enabled small business lender, launched a new $15 million credit facility with a fund managed by Medalist Partners.

SSG Capital Advisors acted as the investment banker to DFW Grating in the sale of substantially all of its assets to a subsidiary of Powerbrace. The transaction closed in May 2018.