Marquette Business Credit said it provided Farren International with a $12.95 million senior credit facility consisting of an equipment term loan, a revolving line of credit and a cash-flow term loan.
Advent Software recently closed a $425 million senior credit facility. J.P. Morgan Securities and BofA Merrill Lynch acted as joint lead arrangers and joint bookrunners.
Otelco emerged from bankruptcy and completed its balance sheet restructuring process, including an extension of its senior credit facility, with GE Capital serving as agent in the financing.
Gateway Commercial Finance completed an amendment to its senior credit facility with First Tennessee Bank that will allow the company to offer factoring facilities to a wider spectrum of businesses.
Lumos Networks announced it refinanced its prior credit facility with a new $425 million credit facility with a lender group led by CoBank ACB, as administrative agent and lead arranger.
Concord Financial Advisors said it provided a five-year, $80 million senior credit facility to a food manufacturer. The new facility replaces the company’s existing revolving credit facility and supports growth.
Ferro Corporation amended its existing senior credit facility, with PNC Bank serving as administrative agent and collateral agent. The company’s revolving loan commitment was reduced from $350 million to $250 million.
First Capital provided a $13.5 million asset-based senior credit facility to a distributor of automotive accessories. The facility is collateralized by accounts receivable and inventory.
Diodes secured a five-year $300 million revolving senior credit facility. Bank of America acted as administrative agent and Merrill Lynch served as sole lead arranger and sole bookrunner.
Kid Brands has refinanced its existing senior credit facility with Salus Capital Partners as lender, administrative agent and collateral agent.