Blue Hills Bank closed a $2.5 senior credit facility with New England and Northeast Linen Supply, a linen service and uniform rental company serving the Northeast.
Gibraltar Business Capital and Gibraltar Capital Advance closed a new $101 million facility that increased their borrowing capital with Wells Fargo Capital Finance, Signature Bank and Crystal Financial.
Crystal Financial, an independent commercial finance company, provided a $50 million term loan facility for Model N to support its acquisition of Revitas.
To support acquisition by Fred’s of 865 Rite Aid stores, Bank of America, Merrill Lynch and Regions Capital have provided $1.05 billion of committed ABL financing.
Model N completed its acquisition of Revitas, a provider of life sciences revenue management software. TC Lending served as administrative agent and sole lead arranger for a $50 million term loan to fund the cash portion of the purchase.
Turtle Beach amended its term loan and ABL facility. Bank of America served as administrative agents for ABL transaction and Crystal Financial was administrative agent for the term loan amendments.
Retailer Aéropostale filed voluntary Chapter 11 as part of an effort to transform and reorganize its operations. Crystal Financial committed to provide $160 million DIP financing.