News

Austin Financial Services funded a $2.5 million ABL credit facility comprised of an A/R revolver to a staffing firm based in Silicon Valley.

Madison Dearborn Partners and CoVant Management acquired LinQuest, a space systems technology solutions provider to the U.S. defense and intelligence communities. Merrill Lynch provided a credit facility to support the transaction._x000D_ _x000D_

Fairmount Santrol and Unimin received the regulatory approvals required to complete their merger. The combined company will be named Covia Holdings._x000D_ _x000D_

The Wall Street Journal reported that banks facing lukewarm loan growth and hot competition for clients are loosening the terms of business loans, which has regulators concerned._x000D_ _x000D_ _x000D_

Americans are expected to both dine out less and spend less per meal according to an AlixPartners survey of more than 1,000 consumers.

Citibank acted as administrative agent on an amendment to Lonestar Resources’ senior secured facility. The amendment increased the borrowing base from $160 million to $190 million.

Gulfport Energy amended its secured revolving credit facility with The Bank of Nova Scotia as administrative agent.

In its Semiannual Risk Perspective for Spring 2018, the OCC noted that competition for quality loans is strong, as examiners saw evidence of eased underwriting.

TCF Capital Funding provided secured financing to support the recapitalization of Innovative Office Products led by Cathay Capital Private Equity._x000D_ _x000D_

GreenPower Motor is closing a new $2 million credit facility with Bank of Montreal.