BofA Provides ABL Revolver to MiMedx
MiMedx Group said it secured a $3 million revolving line of credit, which is secured by the company’s accounts receivable and inventory, with Bank of America.
MiMedx Group said it secured a $3 million revolving line of credit, which is secured by the company’s accounts receivable and inventory, with Bank of America.
Laundry facilities management company, Mac-Gray Corporation closed on its amended five-year, $250 million senior credit facility. Bank of America served as the administrative agent for the lender group.
Tempur-Pedic completed the repricing its existing $870 million term B facility, which has been replaced by a new $867.8 million term B facility, with Bank of America serving as administrative agent.
Celadon Group increased its credit facility to $200 million and reset the term on its five-year, revolving credit facility agented by Bank of America. Wells Fargo served as syndication agent.
Investment banking firm Livingstone Partners announced it acted as exclusive financial advisor to The FNA Group in its successful refinancing by Bank of America.
Bloomberg reported that JPMorgan and Bank of America had perfect trading records in the first quarter, making money every day of the period as Morgan Stanley posted losses in eight sessions and Goldman Sachs in two.
Bloomberg reported that SeaWorld Entertainment is seeking a $1.4 billion term loan to refinance debt. Bloomberg said that Bank of America is arranging the transaction.
Carriage Services amended to its credit agreement, which was increased to $125 million. BofA served as administrative agent with Raymond James Bank, Regions Bank and Amegy Bank as co-syndication agents.
International Game Technology entered into an amended and restated credit agreement for a $1 billion, five-year credit facility with The Royal Bank of Scotland as administrative agent and swing line lender.
Bank of America reported net income of $2.6 billion for the first quarter of 2013, up from $653 million in the same quarter one-year ago. Revenue, net of interest expense, rose 5% to $23.7 billion.