GB Credit Partners announced that it has entered into an $8.3 million financing transaction with Ideal Standard International, a provider of bathroom solutions.
GB Credit Partners provided Shopko with $7.5 million of a $42.5 million term loan. The financing is secured by Shopko’s inventory, accounts receivable and real estate.
GB Credit Partners announced it provided a facility of approximately $15 million to JW Resources that will finance its ongoing working capital needs.
GB Credit Partners announced its first European transaction. The loan is part of a €75 million ($102 million) facility arranged by Hayfin Capital to ATU, and is part of a broader recapitalization between the company and its main creditors, including Centerbridge Partners and Goldman Sachs.
GB Credit Partners announced it acted as administrative agent for a $73 million facility to Silver Airways supported by the company’s aircraft and other assets.
GB Credit Partners announced it provided a $10 million term loan behind a senior credit facility to Samuels Jewelers. The financing is supported by a second lien on Samuels’ inventory and receivables.
Green Field Energy Services filed a voluntary petition under Chapter 11 in Delaware. Bankruptcy court documents listed GB Credit Partners and ICON Capital as co-administrative agents and DIP lenders.
GB Merchant Partners said it will change its name to GB Credit Partners to better reflect the services it provides to its clients.