TAB Bank Provides $3MM Revolver to Electro Brand
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.
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.
Materion entered into a second amended and restated credit agreement with JPMorgan Chase Bank as administrative agent. The new $375 million credit agreement matures on June 20, 2018.
Chrysler Group announced that it reduced the interest rate for its $2.9 billion term loan and its un-drawn $1.3 billion revolving credit facility. According to a related 8K filing, Citibank served as administrative and collateral agent in the refinancing.
Oxford Resource Partners completed a refinancing of its credit facilities consisting of a $75 million term loan and a $25 million revolver arranged by Cerberus Capital and a $75 million second lien term loan arranged by Tennenbaum Capital Partners.
Willis Lease Finance said it increased its revolving credit facility to $450 million from $430 million with a syndicate of nine banks led by Union Bank as administrative agent, joint lead arranger and sole bookrunner.
Orthotic and prosthetic distributor Hanger announced the signing of a new credit agreement that increases its senior secured facilities to $425 million from $400 million. BofA Merrill Lynch and Wells Fargo served as joint lead arrangers on the transaction.
Retailer dELiA*s entered into a four-year $30 million revolver with Salus Capital Partners, replacing the company’s prior $25 million revolver with GE Capital, Corporate Retail Finance.
Consumer Portfolio Services announced it renewed its $100 million revolving credit facility with Citi. The facility will revolve during the first two years and may amortize during year three.
Pacific Drilling closed a $750 million senior secured term loan with 2018 maturity and a $500 million senior secured revolver. Citigroup, Goldman Sachs, Deutsche Bank and Barclays acted as joint lead arrangers and bookrunning managers.
Furniture maker Chromcraft Revington announced it refinanced its credit facility and entered into a new revolver with First Capital of up to $9 million based upon eligible accounts receivables and inventory.