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.
Salus Capital Partners announced it provided an $8 million senior secured term loan to online retailer Totsy. The facility refinances existing debt.
LBC completed a $34 million senior secured term loan to Quintec, which was created through the merger of NAP GLADU with Techniks and BC Saw. The facility partially financed the merger.