Quanta Services amended its credit agreement to increase the aggregate revolving commitments of the lenders from $2.135 billion to $2.510 billion. BofA Securities, PNC Capital Markets, Truist Securities and Wells Fargo Bank acted as arrangers for the amendment.
Biz2Credit is among the firms on Inc. magazine’s annual Inc. 5000, a ranking of the nation’s fastest-growing private companies. Biz2Credit is No. 3,400 on the 2020 list.
Cache, a specialty chain of women’s apparel stores, announced it secured a new, five year, $25 million credit facility through Wells Fargo Capital Finance.
SunTrust Banks reported Q2/13 net income was $365 million, up 35% or $95 million higher than Q2/12. The bank noted its provision charge of $146 million, was $154 million lower compared to the same quarter in 2012.
Orthotic and prosthetic distributor Hanger announced the signing of a new credit agreement that increases its senior secured facilities to $425 million from $400 million. BofA Merrill Lynch and Wells Fargo served as joint lead arrangers on the transaction.
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Jaclyn, Inc. announced that it entered into an extension of its revolving credit facility with TD Bank as agent and a lender, and Israel Discount Bank of New York as a lender.
GE Energy Financial Services served as administrative agent, sole lead arranger and sole bookrunner in a $200 million credit facility for SND Consolidated Energy to refinance debt and fund oil and gas field development.
National CineMedia closed on an amended senior secured credit facility, increasing its borrowings to $270 million in order to pay costs and expenses incurred with the amended credit facility.