BofA Agents $250MM Revolver for Interface
Modular carpet company Interface amended its credit facility with Bank of America as administrative agent. The facility now includes a $250 million multicurrency revolver and a $177.5 million term loan.
Modular carpet company Interface amended its credit facility with Bank of America as administrative agent. The facility now includes a $250 million multicurrency revolver and a $177.5 million term loan.
Dover Downs Gaming & Entertainment modified its credit agreement, extending the maturity date to September 30, 2018 and adjusting the maximum borrowing limit to $32.5 million.
PNC formalized plans to expand its middle market business into the Denver, Houston and Nashville markets in 2018. PNC also released its Q2/17 results, which were up 11% from the same quarter a year ago.
ArcBest entered into a credit agreement with U.S. Bank as administrative agent, which increased commitments from $150 million to $200 million and included a $100 million accordion feature.
Electric power company Duke Energy closed a $1 billion credit agreement with Scotiabank as administrative agent.
PNC Bank added Michael Keenan, Katie Marshall and Aimee LeWinter to its secured finance team.
A. M. Castle executed commitment letters with PNC Bank for a $125 million ABL credit facility and an $85 million debtor-in-possession credit facility to support operations during its restructuring.
Privately-held Central Grocers filed for Chapter 11 protection. The company owes prepetition lender groups led by PNC and Bank of West, as administrative agents, $200 million (revolver) and $22.5 million (term loan), respectively.
Parsley Energy amended its revolver, increasing the borrowing base by 60% to $1.4 billion. Wells Fargo served as administrative agent for the lender group, which included five new lenders.
Staffing firm GEE Group entered into a nearly $73.8 million revolving credit, term loan and security agreement with PNC Bank and certain investment funds managed by MGG Investment Group.