Bruker has closed a new five-year revolving credit facility with expanded capacity to borrow up to $600 million, and a new seven-year term loan in the aggregate principal amount of $300 million, together with cross-currency and interest rate swap arrangements.
Citizens Commercial Banking has hired Peter Wesemeier and Ben Los as managing directors, expanding the bank’s expertise in financial institution and insurance industry clients.
Citizens Commercial Banking acted as sole arranger and administrative agent on a $60 million senior secured credit facility for API Heat Transfer, a designer and manufacturer of specialty heat exchangers.
BlueLinx Holdings closed a new five-year $335 million syndicated secured asset-based revolving credit facility. Wells Fargo served as administrative agent.
Gymboree emerged from Chapter 11 as a new corporation under the name Gymboree Group. Goldman Sachs provided an $85 million term loan, and Bank of America Merrill Lynch and Citizens provided a $200 million revolver to support the restructuring.
Herbalife closed a new $1.45 billion senior secured credit facility, consisting of a $150 million revolving credit facility maturing 2022 and a $1.3 billion term loan maturing 2023.
CPI Aerostructures entered into a $40 million amendment that replaces its previous $35 million facility with BankUnited and Citizens Bank.
Installed Building Products entered into a new five-year, $325 million senior secured credit facility with an accordion feature. KeyBank was lead arranger, sole bookrunner and administrative agent.
Medical device maker CryoLife will acquire On-X Life Technologies Holdings in a $130 million deal. Capital One, Fifth Third and Citizens provided a $95 million facility to support the acquisition.
Vishay Intertechnology entered into an amended $640 million credit facility with a group of banks led by JPMorgan Chase serving as administrative agent.