Purple Innovation executed a new five-year $100 million senior secured credit facility, consisting of a $45 million term loan and a $55 million revolving line of credit, with a group of financial institutions led by KeyBanc Capital Markets.
KeyBank served as administrative agent and KeyBanc Capital Markets and BMO Capital Markets acted as joint lead arrangers and syndication agents for an amended and restated senior secured revolving credit facility of up to $375 million for Jernigan Capital.
SunTrust Bank and KeyBanc Capital Markets committed to providing e-mail security experts Zix with a new five-year $175 million term loan and a $25 million revolving credit facility.
The Timken Company amended its credit facility to include a $350 million term loan facility to support its upcoming acquisition of Rollon Group. KeyBank served as administrative agent for the transaction.
Aluminum rolled products manufacturer Aleris International raised $1.5 billion in new debt financing. Deutsche Bank, New York Branch served as administrative agent on the transaction.
ZAGG closed an $85 million revolving credit facility with KeyBank as administrative agent, swing line lender and issuing lender on the transaction.
GTT Communications agreed to acquire Interoute for approximately €1.9 billion ($2.3 billion) in cash. Goldman Sachs, Credit Suisse and SunTrust Bank, among others, will provide debt financing for the transaction.
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.
MOD Super Fast Pizza raised $33 million of additional equity and closed a new $40 million credit facility arranged by Keybanc Capital Markets and SunTrust Robinson Humphrey.