An entity controlled by George Feldenkreis acquired Perry Ellis International through a $437 million transaction. Perry Ellis was subsequently converted into a private company.
Welbilt amended its senior secured credit facility, increasing the borrowing limit for the revolving credit facility to $400 million from $275 million and extending maturity date to October 23, 2023.
Enviva Partners amended its senior secured credit facility, extending the maturity to October 2023 from April 2020 and increasing the revolving credit facility to $350 million from $100 million.
Clayton, Dubilier & Rice managed funds are acquiring a 60% ownership stake in American Greetings. The Weiss Family, descendants of Jacob Sapirstein, who founded the company in 1906, will retain a 40% stake in the business. Terms of the transaction were not disclosed.
Royal Gold entered into a new $1 billion revolving credit facility with a group of banks led by Bank of Nova Scotia serving as administrative agent.
Allied Motion Technologies obtained a new senior secured revolver of $125 million. HSBC Bank USA served as lead bank and administrative and collateral agent for the facility.
Pacific Exploration entered into forbearance agreements with its lenders. Bank of America and HSBC served as administrative agents.
HSBC Bank USA appointed trade veteran Inwha Huh as head of Global Trade and Receivables Finance, U.S. and Canada. Huh joins from GE Capital where she was managing director and head of Global Business Development & Capital Markets.
Textainer Group announced Union Bank and ING Belgium will act as lead arranger and joint lead arranger, respectively, for a $500 million term loan. Union Bank leads a group of other financial institutions involved in the transaction.