Online jeweler Blue Nile completed its merger with BC Cyan.

According to a related 8-K financing, Goldman Sachs Bank USA, as administrative agent, collateral agent and a term loan lender, provided term loans in an aggregate principal amount of $185 million.

Goldman Sachs Bank USA also served as administrative agent, collateral agent, the swingline lender, an issuing bank and an ABL lender for an asset-based revolving credit facility with commitments of $50 million and a swingline subfacility and letter of credit subfacility.

With the consummation of the merger, the full amount of the term loans was drawn. No amount under the ABL facility was drawn. The term loan credit agreement also permits the borrower to request one or more additional term loans or revolving credit commitments at any time after the closing, subject to the terms and conditions set forth therein.

The ABL credit agreement also permits the borrowers to increase the revolving credit commitment under the ABL credit agreement at any time after the closing.