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Last updated on April 24, 2014 at 14:12 EDT

Latest Revolving credit Stories

2014-04-09 16:22:17

VAN BUREN TOWNSHIP, Mich., April 9, 2014 /PRNewswire/ -- Visteon Corporation (NYSE: VC) today entered into a credit agreement for a total commitment of $800 million, including a $600 million seven-year term loan B with a final maturity date of April 9, 2021, and a $200 million five-year revolving credit facility with a maturity date of April 9, 2019. http://photos.prnewswire.com/prnvar/20001201/DEF008LOGO Pricing on the new term loan was set at Libor plus 275 basis points, with a...

2014-04-08 08:25:10

Fund to Support SunEdison's North America Growth BELMONT, Calif., April 8, 2014 /PRNewswire/ -- SunEdison (NYSE: SUNE), a leading provider of solar energy solutions and services, announced today that is has closed the first $150 million of a $300 million three-year project finance revolving credit facility arranged by Deutsche Bank Securities, Inc. to support the development and acquisition of new projects in the United States and Canada. The credit facility is immediately...

2014-04-03 08:33:17

NORTHBROOK, Ill., April 3, 2014 /PRNewswire/ -- KapStone Paper and Packaging Corporation (NYSE: KS) ("KapStone" or "the Company") amended its July 18, 2013 credit facility agreement on April 2, 2014. The amendment reduces the borrowing rates for outstanding term loans and for any future borrowings under the $400 million revolving credit facility. The interest rates are based on LIBOR rates plus margin determined from a pricing grid based on the Company's debt to EBITDA ratio as...

2014-04-01 08:21:32

STAMFORD, Conn., April 1, 2014 /PRNewswire/ -- Aircastle Limited ("Aircastle" or the "Company") (NYSE: AYR) announced today that it closed a $450 million unsecured revolving credit facility with Citibank, N.A., Goldman Sachs Bank USA, J.P. Morgan Chase Bank N.A. and Royal Bank of Canada, as Joint Lead Arrangers, and Citibank, N.A. as agent. The bank group was expanded to nine institutions and the facility's term was extended to four years and will expire in March 2018. The facility,...

2014-03-26 08:22:24

SALT LAKE CITY, March 26, 2014 /PRNewswire/ -- Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has signed a letter of intent to provide a $1 million revolving secured credit facility to Gold Rush Refiners, LLC, a distressed Georgia based gold and precious metals refinery. The facility will be offered exclusively for the purpose of acquiring gold and precious metals inventory and will be secured by both the inventory itself, and a senior position on the...

2014-03-20 16:29:14

HICKORY, N.C., March 20, 2014 /PRNewswire/ -- Fortran Corporation (OTC: FRTN), announced today that it has closed on a $4,000,000 revolving line of credit. Under the terms of the agreement, TCA Global Credit Master Fund, L.P. committed to lend $4,000,000 through one of the Fund's Senior Secured Revolving Notes, with an initial draw of $900,000. The Company meets specific monthly reporting and collateral requirements to further draw on the revolving credit facility. Douglas Rink, CEO...

2014-03-05 16:26:00

Revised 5-year credit facility provides for expanded borrowing capacity and more flexible terms to enable Cantel Medical to execute on its strategic initiatives. LITTLE FALLS, N.J., March 5, 2014 /PRNewswire/ -- CANTEL MEDICAL CORP. (NYSE: CMN), today announced that it has entered into an amended and restated credit facility which established new terms under its revolving credit facility with its existing bank group led by Bank of America, N.A., and including Wells Fargo Bank, N.A. and PNC...

2014-01-30 08:24:51

BOSTON, Jan. 30, 2014 /PRNewswire/ -- Atlantic Power Corporation (TSX: ATP; NYSE: AT) (the "Company"), today announced that, as part of the Company's ongoing plans to address its upcoming debt maturities and improve its financial flexibility, Atlantic Power Limited Partnership ("APLP"), a wholly-owned indirect subsidiary of the Company, launched the syndication of new senior secured credit facilities, comprising up to $600 million in aggregate principal amount of senior secured term loan...

2014-01-16 08:24:07

BEIJING, Jan. 16, 2014 /PRNewswire/ -- VisionChina Media Inc. ("VisionChina Media" or the "Company") (Nasdaq: VISN), one of China's largest out-of-home digital television advertising networks on mass transportation systems, today announced that its consolidated variable interest entity, VisionChina Media Group Co., Ltd. ("VisionChina Media Group" or "Borrower"), has been granted an extension of its existing secured revolving credit facility (the "Credit") from China Construction Bank...

2014-01-06 16:23:51

HOUSTON, Jan. 6, 2014 /PRNewswire/ -- Endeavour International Corporation (NYSE: END) (LSE: ENDV) today announced that it intends to refinance its existing revolving credit facility and two reimbursement agreements with new credit facilities. The Company is in discussion with prospective lenders regarding the new facilities. Terms will be disclosed upon the completion of the refinancing. However, there can be no assurance that new credit facilities will be put into place. Credit...