Bank of America acted as sole lead arranger on an amendment to a senior secured asset-based revolving credit facility while Pathlight Capital acted as sole lead arranger for a new $70 million term loan for Armstrong Flooring.
APC Automotive Technologies filed voluntary petitions for reorganization pursuant to Chapter 11 of the United States Bankruptcy Code. The company also negotiated agreements with certain of its existing term loan lenders for $50 million in debtor-in-possession financing.
Smart Sand has refinanced its existing credit facility into a combination five-year equipment financing and a five-year senior secured asset-based lending credit facility.
Syncsort signed a definitive agreement to acquire Pitney Bowes’ Software Solutions business. Debt commitments have been provided by Jefferies Finance, Credit Suisse, Golub Capital, and Antares Capital.
Ellie Mae, a cloud-based platform provider for the mortgage finance industry, has been acquired by private equity investment firm Thoma Bravo. Jefferies provided financing to support the transaction.
Permian Production Partners launched the syndication of a $300 million first lien term loan with an interest rate of LIBOR + 6.00% and expected maturity in May 2024. Jefferies is lead arranger and administrative agent for the financing.
Reuters reported UK mental healthcare facilities operator Elysium Healthcare has launched a £275 million ($380 million) term loan to refinance existing debt and fund acquisitions.
Cleveland-Cliffs amended its senior secured asset-based lending credit facility, extending the maturity date and reducing the oversize from $550 million to $450 million. Bank of America was administrative agent and lead arranger for the transaction.