News

Permian Production Partners launched the syndication of a $300 million first lien term loan with an interest rate of LIBOR + 6.00% and expected maturity in May 2024. Jefferies is lead arranger and administrative agent for the financing.

Amerisource Business Capital closed and funded a $2 million credit facility for a Utah-based pump manufacturing company.

TAB Bank provided a $12 million revolving credit facility to a Virginia-based defense equipment manufacturing company.

The U.S. Bankruptcy Court for the District of Delaware confirmed Southeastern Grocers’ amended prepackaged Chapter 11 plan, including a $525 million exit term loan with SunTrust Bank as administrative and collateral agent.

Footwear manufacturer The Rockport Group entered into an asset purchase agreement with CB Marathon. To facilitate the sale, Rockport filed for Chapter 11 in the U.S. Bankruptcy Court for Delaware.

Ferrellgas Partners increased its accounts receivable securitization facility from $225 million to $250 million with a bank group that included Wells Fargo, PNC and Fifth Third.

Antero Midstream GP entered into a $12 million senior secured credit facility with Wells Fargo as lender.

Fintech lender LendingTree has entered into a definitive agreement to acquire Ovation Credit Services, a provider of services that helps consumers repair their credit ratings.

Reuters reported that European leveraged finance bankers are rejecting the opportunity to underwrite some buyout transactions because of aggressive private equity firm demands._x000D_ _x000D_

CHILDS Advisory Partners changed its corporate name to Bowstring Advisors. The name change reflects the vision of Founder and CEO Jim Childs and the evolution of the firm's expanding team of senior bankers.