ESH Hospitality, a subsidiary of Extended Stay America, is seeking to raise a new $350 million revolving credit facility to replace its existing $250 million revolving credit facility and a new $1.3 billion million term loan.
Affinity Gaming closed two new senior secured credit facilities totaling $375 million. Credit Suisse served as administrative agent for the transaction.
Macquarie Capital announced the appointment of Peter Davis as a managing director in its U.S. Financial Institutions Group, responsible for leading the firm’s coverage of the Financial Technology sector.
Paul Hastings announced it represented Bank of America, Wells Fargo Securities, Wells Fargo, BMO and Macquarie as joint lead arrangers of the debt facilities incurred by Southwire in connection with its acquisition of Coleman Cable.
Cumulus Media announced today it entered into an amended credit agreement consisting of a $2.025 billion term loan and a $200 million revolver. JPMorgan Chase acted as administrative agent.
Paul Hastings announced today it advised RBC Capital Markets, BNP Paribas Securities Corp. and Macquarie Capital in connection with the financing for First Reserve’s acquisition of Utility Services Associates Inc.
Macquarie announced that Andrew Guida has joined Macquarie Capital as a managing director focused on Bank & Thrift and Specialty Finance with the Financial Institutions group, based in the firm’s NY office.
Thomson Reuters reported, according to the results of a survey, investors in distressed company debt expect U.S. corporate defaults to remain low this year, but are split over whether there will be a pickup in bankruptcy filings by large companies.