Wells Fargo Agents On Assignment $500MM Facility
Staffing firm On Assignment said it closed a new $500 million credit facility with Wells Fargo serving as administrative agent, swing line lender and a letter of credit issuer.
Staffing firm On Assignment said it closed a new $500 million credit facility with Wells Fargo serving as administrative agent, swing line lender and a letter of credit issuer.
Main Street Capital amended its five-year credit facility to expand the total commitments from $287.5 million to $352.5 million. BB&T served as administrative agent.
Information Services Group executed a new $70 million, five-year credit agreement, arranged by Bank of America. The financing is set to mature in mid-2018.
ValueVision Media announced it has increased the size of its credit facility with PNC Bank from $40 million to $50 million and has extended the facility’s maturity through May 1, 2018.
Medley Capital announced the closing of additional commitments to its credit facility arranged and led by ING Capital. JPMorgan joined the lending group and committed $30 million to the facility
GemCap announced a $2 million credit facility to an importer of frozen seafood. The revolver is based against in-transit (on the water) inventory from Mexico and Central America and domestically warehoused inventory.
Apollo Tactical Income Fund announced the closing of a $138 million credit facility with JPMorgan Chase, as lender and administrative agent.
Geokinetics announced that the U.S. Bankruptcy Court for the District of Delaware confirmed the second modified joint plan of reorganization. The company also secured a commitment from Wells Fargo for a $75 million ABL.
Mattson Technology entered into a three-year revolver for $25 million with Silicon Valley Bank. Upon closing, the company borrowed $10 million under this facility with an annual interest rate of 4.75%.
XZERES, a manufacturer of small wind-powered energy turbines, said it obtained a new $6.5 million credit facility from Renewable Power Resources, a group of strategic investors.