Morgan Stanley, Barclays and RBC led an eight-member lending syndicate in amending Zayo Group’s credit agreement, including re-pricing both its term loan and revolving credit facility.
AloStar Business Credit recently closed transactions totaling $30.35 million. Advanced Environmental Recycling Technologies closed a $15 million facility and Principal Manufacturing received $17.35 million in credit facilities.
TAB Bank was chosen to provide a $750,000 senior revolving credit facility to Sandy, UT-based wholesaler, Simple Products. The new facility has been extended through a multi-year agreement.
Magnetation, an iron ore concentrate reclamation company, closed $110 million of senior secured credit facilities. JPMorgan Chase is the administrative agent and J.P. Morgan Securities acted as the sole lead arranger and bookrunner of the syndication.
Forest City Enterprises closed a new, three-year $465 million credit facility. Leading the 14-member bank group are Key Bank as administrative agent, PNC as syndication agent and BofA as documentation agent.
StoneMor Partners said it acquired Seawinds Funeral Homes and completed the transaction with funding provided by an amendment to its revolver with a lender group led by Bank of America, as administrative agent.
Sanchez Energy said it received commitments from its lending group to increase its available borrowing base under its first lien revolver from $27.5 million to $95 million.
Hudson Technologies announced that it amended its secured revolving credit facility with PNC Bank to increase the maximum loan amount available under the facility to $40 million.
Dunkin’ Brands Group completed the refinancing of its senior secured credit facility, including its senior secured revolver. Barclays Bank served as administrative agent, swing line lender, L/C issuer and collateral agent.
Integrated Electrical Services amended its credit and security agreement with Wells Fargo Capital Finance to include a new two-year, $5 million term loan and a one-year extension of the revolver to August 9, 2016.