KPS Capital Partners announced that its portfolio company American & Efird Global (A&E) completed a successful recapitalization after A&E raised approximately $275 million of financing.
Bob Evans Farms amended its existing $750 million credit facility. PNC Bank and PNC Capital Markets acted as administrative agent, joint lead arranger and sole bookrunner, respectively for the facility.
Worthington Industries increased its revolver commitments to a total of $500 million. The revolver is with a consortium of banks led by J.P. Morgan Securities and PNC Capital Markets.
Steel Dynamics amended its senior revolver and entered into a new term loan facility. Merrill Lynch, others acted as joint lead arrangers and bookrunners.
PNC Capital Markets announced the creation of a Transportation and Utilities public finance capital markets team. Nic Malas was hired as managing director to lead the team.
Abercrombie & Fitch is planning to refinance its existing facilities with a new $400 million ABL revolver and $325 million term loan B. Wells Fargo is among the joint lead arrangers and joint bookrunners for the ABL revolver.
Quad/Graphics announced it completed its previously announced $1.9 billion debt financing. J.P. Morgan Securities, Bank of America and others acted as lead arrangers.
M.D.C. Holdings announced it entered into a $450 million unsecured revolver with a group of lenders. U.S. Bank, Citibank, SunTrust Robinson Humphrey and PNC Capital Markets acted as joint lead arrangers and joint bookrunners.
Johnson Outdoors announced a streamlined structure of the company’s debt. The new loan agreement replaces the company’s revolver. PNC Capital Markets arranged the transaction.
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.