BOM Agents Element Financial $585M Revolver
Element Financial closed a new $585 million senior revolving credit facility to fund the company’s planned origination activity into 2014. Bank of Montreal acted as administrative agent.
Element Financial closed a new $585 million senior revolving credit facility to fund the company’s planned origination activity into 2014. Bank of Montreal acted as administrative agent.
Globe Specialty Metals has refinanced its existing credit facility with a syndicate of banks led by RBS Citizens, and co-led by PNC and Wells Fargo, as joint book managers and joint lead arrangers.
PNC Bank announced the closing of $40 million in senior secured financing for Tranzonic. The funds were used for the acquisition of Tranzonic by Silver Oak Services.
PNC closed a $150 million senior secured revolving credit agreement for Emerge Energy Services. PNC Capital Markets led the syndication of this deal. The facility was used to refinance debt.
BlueLinx Holdings increased its revolver to $447.5 million. PNC Bank joined the Wells Fargo-led lender syndicate with a $25 million loan commitment.
Ultralife closed a four-year $20 million asset-based revolving credit facility with a $15 million accordion feature to expand the facility with PNC Bank.
Flotek Industries said it has signed an agreement to acquire Florida Chemical Company for cash and stock. Flotek said it has entered into an amended credit agreement with PNC Bank to fund the cash portion of the acquisition.
ValueVision Media announced it has increased the size of its credit facility with PNC Bank from $40 million to $50 million and has extended the facility’s maturity through May 1, 2018.
Universal Stainless & Alloy Products said it has amended its credit agreement with PNC Bank serving as administrative agent for a syndicate of banks.
PNC provided $30 million in senior secured revolving credit for Heniff Transportation Systems. Heniff delivers liquid bulk chemicals throughout the continental U.S. and Canada.