HEICO announced it increased its $670 million revolver to an aggregate future capacity of $1 billion. SunTrust Bank, Bank of America and Wells Fargo Bank acted as lead managers.
Waypoint Leasing announced it closed on a five-year $335 million revolver. Credit Suisse acted as joint lead arranger, joint bookrunner and administrative agent.
Industrial Services of America announced it obtained a new $4 million credit facility from The Bank of Kentucky. The credit facility supports ISA’s existing credit facility with Fifth Third Bank.
Deer Valley said it extended its existing revolving line of credit with Fifth Third Bank, which provides for a maximum revolving principal limit of $3 million.
The Chicago Tribune reported that the owner of a recreational vehicle dealership and nine others were indicted on charges they defrauded more than $56 million from lenders in an alleged scheme involving bogus vehicle sales.
Global Axcess entered into a purchase agreement with FCTI for $10 million. To facilitate the sale, the company voluntarily filed for Chapter 11. Fifth Third agreed to provide $1.5 million in DIP financing.
Alliance Data Systems completed a new $2.285 billion credit facility. Lead agents on the bank facility included Merrill Lynch, Wells Fargo Securities and SunTrust Robinson Humphrey.
Delek Logistics Partners increased its lender commitments under its revolving bank credit facility to $400 million. Fifth Third Bank served as administrative agent.