AvantCredit Secures $200MM Credit Facility Led by Jefferies
AvantCredit, an online provider of consumer loans, announced the completition of a $200 million debt financing agreement led by investment bank, Jefferies.
AvantCredit, an online provider of consumer loans, announced the completition of a $200 million debt financing agreement led by investment bank, Jefferies.
GI Partners said it completed its acquisition of Peak 10. Financing for the transaction is being provided by affiliates of Credit Suisse, RBC Capital Markets and Jefferies.
Sycamore Partners announced it completed its acquisition of The Jones Group, valued at approximately $2.2 billion. Morgan Stanley, Jefferies, KKR Asset Management, MCS Capital Markets, Wells Fargo and Bank of America provided financing.
Reuters reported that BJ’s Wholesale Club is launching a $2.1 billion refinancing credit, with Deutsche as lead left, sources told Reuters .
K-V Pharmaceutical announced that its plan of reorganization is effective and that it successfully emerged from Chapter 11 with significantly reduced debt and a $375 million recapitalization.
Reuters reported that LightSquared split its proposed $3 billion exit term loan. Jefferies is arranging a $2 billion first lien loan, while Harbinger Capital Partners will handle the syndication of the $1 billion second lien loan.
Appvion said it has entered into a $435 secured facility encompassing a $335 million term loan and a $100 million revolver jointly arranged by Jefferies Finance and Fifth Third Bank.