White Oak Commercial Finance hired Garrick Tan, Fridolf Hanson and Bill Kearney as senior business development officers to its ABL and lender finance platform. In their roles, Tan, Hanson and Kearney will focus on sourcing transactions with committed capital needs ranging from $15 million to $250 million.
International Game Technology has amended and extended its multicurrency revolving credit facilities and amended its term loan facility. Royal Bank of Scotland served as administrative agent.
Welsh specialty bakery manufacturer Finsbury Foods secured an additional £15 million ($19 million) finance package from HSBC UK and its other banking partners to support the acquisition of gluten free bakery business Ultrapharm.
Gooch & Housego, a specialist manufacturer of optical components and systems, acquired the trade and assets of Gould Technology, trading as Gould Fiber Optics for a total consideration of up to $16.4 million.
Reuters reported that British lenders, including Barclays, the Royal Bank of Scotland and Lloyds Banking Group, may lose hundreds of millions of pounds in outstanding loans following the collapse of UK-based Carillion, a facilities management and construction company.
Non-Standards Finance has used the accordion feature to expand its facility with the Royal Bank of Scotland from £85 million ($105 million) to £105 million ($129 million).
Gordon Brothers has expanded its footprint to Australia. Based in Sydney, the new office will be led by Tim Stewart, who will serve as managing director, Australia.
Barclays and the Royal Bank of Scotland provided a £30 million ($37.4 million) five-year revolving credit facility to Adept Telecom to support its £4.75 million purchase of OurIT.
Independent oil company Faroe Petroleum signed two banking facilities that will provide financing to underpin the company’s growth plans.
Pantheon International agreed an additional multi-currency revolving credit facility agreement of £50 million ($61.2 million), arranged by the Royal Bank of Scotland and Lloyds Banking Group.