Gladstone Investment amended its credit facility led by KeyBank as administrative agent, swingline lender, managing agent and lead arranger.
Citizens Commercial Banking provided $23 million in credit to help fund the merger of Wolfeboro, NH-based GI Plastek and Myrtle Beach, SC-based Precision Southeast to create PSI Molded Plastics.
Gladstone Investment reduced its credit facility from $185 million to $165 million. KeyBank served as administrative agent for a group of lenders including Alostar Bank of Commerce, M & T Trust, East West Bank, Chemical Bank and Customers Bank.
Gladstone Investment announced that it increased its line of credit borrowing capacity to $105 million. Key Equipment Finance served as administrative agent, lead arranger and a lender.
Gladstone Investment and Pegasus Capital provided $17.7 million in support of the acquisition of Jackrabbit and its sister company, Dakota Ag Welding.