Basic Energy Services and its debtors have successfully completed their prepackaged restructuring and recapitalization plan, and the company has emerged from Chapter 11 bankruptcy protection.
U.S. Bank named Beth McDonnell senior vice president and chief marketing officer.
Hamilton Street Funding, a subsidiary of FS Investment, closed a $150 million revolving credit facility with HSBC as administrative agent.
Marten Transport increased its credit agreement from $30 million to $40 million, with U.S. Bank as agent.
Vector Security, a provider of security solutions to residential and business customers, entered into a $300 million credit agreement led by PNC Bank as administrative agent.
Modine Manufacturing entered into a purchase agreement to acquire the shares of seven target companies held by Luvata. JPMorgan agented an amendment to Modine’s credit facility to support the transaction, including a new $275 million term loan.
Planet Fitness will pay a special dividend to stock holders and unit holders funded in part by an amendment to its secured credit facility with a lender group led by JPMorgan Chase as administrative agent.
Polaris Industries completed its acquisition of Transamerican Auto Parts for an aggregate consideration of $665 million. U.S. Bank served as administrative agent for the lender group that provide financing to support the transaction.
Richie Bros. Auctioneers closed a $1 billion credit facility to partially fund its IronPlanet acquisition and provide the company with enhanced financial flexibility. Bank of America served as administrative agent.
Greif, a provider of industrial packaging products and services, entered into a new $1.1 billion senior secured credit facility that matures in 2021. JPMorgan Chase served as administrative agent.