Unified Grocers completed a debt refinancing with a new credit agreement encompassing a $275 million ABL revolver and a $41 million term loan with a group of banks led by Wells Fargo Capital Finance.
ERF Wireless closed on an $8 million revolver with TCA Global Credit Master Fund. TCA committed a total of $8 million over time through senior secured revolving notes, with the initial tranche of $1.5 million
Mercuria Energy Trading closed on a new $1.8 billion revolving credit agreement. BNP Paribas, RBS and Rabobank were among the mandated lead arrangers and bookrunners for the lender syndicate.
Dillard’s said it has amended its $1 billion revolving credit facility, taking advantage of favorable market conditions. The facility was arranged by J.P. Morgan Securities and Wells Fargo Capital Finance.
Appvion said it has entered into a $435 secured facility encompassing a $335 million term loan and a $100 million revolver jointly arranged by Jefferies Finance and Fifth Third Bank.
U.S. Silica said it launched an initiative to refinance its current $305 million facility, including a $50 ABL revolver, with a new $425 facility encompassing a $375 million term loan and a $50 million cash-flow revolver.
New Source Energy Partners entered into an amendment that increases the borrowing base under its revolving credit facility to $75 million from $60 million.
Horsehead Holding subsidiary INMETCO entered into a new, three-year senior secured revolving credit facility with Wells Fargo Bank. The facility is secured by substantially all of the company’s tangible and intangible assets.
TAB Bank provided a $3 million revolving credit facility for Electro Brand. The new agreement is based on accounts receivable and has been extended through a multi-year agreement.