Gateway Media closed on a new $40 million facility. SunTrust and its affiliates acted as left lead arranger and administrative agent, and Fifth Third acted as joint lead arranger and syndication agent.
American Eagle Energy filed Chapter 11 after deferring a bond payment that was due on 3/1/15. AEE noted that SunTrust, which had provided $35 million of borrowing capacity, walked away after making a timely borrowing capacity redetermination.
Stellus Capital entered into a first amendment to its revolver between the company, SunTrust Bank as a lender and the administrative agent, and the lenders named therein.
Ridgemont Equity Partners announced the closing of an equity investment in The Cook & Boardman Group. Debt financing for the transaction was provided by GE Antares, Ally Corporate Finance, Suntrust, PNC and Triangle Capital.
American Eagle Energy said it closed a senior secured revolving credit facility with an initial borrowing base of $60 million with SunTrust Bank serving as administrative agent.
Business owners and top decision-makers are more optimistic about their own businesses in 2014 than they are about the overall U.S. economy, according to an annual survey sponsored by SunTrust.
Vantage Data Centers announced it amended and upsized its revolver from $210 million to $275 million. A syndicate of 10 lenders was involved.
Zayo Group announced it amended its credit agreement. Morgan Stanley, Barclays Capital and RBC Capital Markets served as joint bookrunners; Citigroup, Goldman, SunTrust and UBS served as co-managers on the term loan re-pricing; and SunTrust agented the revolver.
Reuters reported that JP Morgan, Bank of America Merrill Lynch, SunTrust and Wells Fargo are leading a $1.6 billion facility related to Advance Auto Parts’ General Parts International acquisition.
Camping World announced today it secured a $525 million multi-year floor plan credit facility. Bank of America, which serves as administrative agent, led the transaction.