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Latest Revolving credit Stories

2014-09-03 08:38:29

AMSTERDAM and SAN FRANCISCO, Sept. 3, 2014 /PRNewswire/ -- AVG Technologies N.V. (NYSE: AVG), the online security company with 182 million active users, today announced that it has entered into a commitment letter with Morgan Stanley Senior Funding, Inc., HSBC Securities (USA) Inc., HSBC Bank Plc and HSBC Bank USA, N.A. for senior secured credit facilities in the amount of up to USD 300 million. The facilities will consist of a Term Loan B (the Term Loan) in the amount of up to USD...

2014-09-02 12:23:24

DENVER and HOUSTON, Sept. 2, 2014 /PRNewswire/ -- Escalera Resources Co. (NASDAQ: ESCR) is pleased to announce that it has entered into a new $250 million credit facility with Societe Generale, who is acting as both the Administrative Agent and initial Lender, and SG Americas Securities, LLC as Bookrunner and Sole Lead Arranger. The facility has a term of three years and replaces the Company's previous revolving credit facility. The new credit facility has an initial borrowing base of...

2014-08-19 12:23:05

CALGARY, Aug. 19, 2014 /CNW/ - Petrowest Corporation (the Company or Petrowest) (TSX:PRW) announced today that it has entered into an amendment to the revolving operating credit facility with Bank of Montreal (the Revolving Facility). The Revolving Facility has been amended to increase the maximum facility amount from $30 million to $40 million and to extend the maturity date from August 20, 2016 to August 20, 2017. Lloyd Wiggins, Petrowest's Chief Financial Officer, stated: "the...

2014-08-14 16:23:32

(All figures are in US dollars unless otherwise indicated) VANCOUVER, Aug. 14, 2014 /PRNewswire/ - New Gold Inc. ("New Gold") (TSX:NGD) and (NYSE MKT:NGD) is pleased to announce that it has entered into a $300 million revolving credit facility with a syndicate of banks led by The Bank of Nova Scotia and RBC Capital Markets (the "Facility"). The Facility has a term of four years and replaces the company's previous $150 million revolving credit facility. As the previous revolving...

2014-06-03 20:20:09

BURLINGAME, Calif., June 3, 2014 /PRNewswire/ -- AeroCentury Corp. (NYSE MKT: ACY), an independent aircraft leasing company, today announced that it has closed a new revolving credit facility. The $180 million credit facility replaces the Company's former $130 million facility and can be expanded to $200 million. The facility has a five-year term ending on May 30, 2019. The credit facility syndication was led by Union Bank, N.A. as Sole Lead Arranger, Sole Bookrunner and...

2014-06-02 08:21:15

RANCHO CORDOVA, Calif., June 2, 2014 /PRNewswire/ -- GenCorp Inc. ("GenCorp" or the "Company") (NYSE: GY) today announced that it entered into an amended and restated $300 million credit facility. The new credit facility amends and restates the Company's prior credit agreement and, (i) extends the maturity date to May 30, 2019 (which date may be accelerated in certain cases); and (ii) replaces the existing revolving credit facility and credit-linked facility with a revolving credit...

2014-05-14 16:28:08

CHICAGO, May 14, 2014 /PRNewswire/ -- Aviv REIT, Inc. (NYSE: AVIV) announced today it has refinanced its existing $400 million secured revolving credit facility with a new $600 million unsecured revolving credit facility (the "Credit Facility"). The Credit Facility has a rate that ranges from 170 to 225 basis points over LIBOR depending on the Company's consolidated leverage and a maturity date of May 2018. The Credit Facility can be extended for an additional year at the Company's...

2014-05-13 23:11:58

Using GetFinancing technology and marketing tools, participating merchants can offer shoppers in a matter of seconds, revolving credit lines, installment loans as well as leases right from their checkout page. Newark, New Jersey (PRWEB) May 13, 2014 GetFinancing, a leading provider of Instantaneous Consumer Credit to Online Retailers, completed on its state-of-the- art Purchase Finance Gateway the integration of a multitude of retail Consumer Lending Banks and Pier to Pier Lending...

2014-05-02 08:29:49

Repays Santander Bank Loan, Regains Compliance with Subordinated Lender WATERTOWN, Mass., May 2, 2014 /PRNewswire/ -- Dynasil Corporation of America ("Dynasil" or the "Company") (NASDAQ: DYSL), a developer of sensing, detection and analysis technology for homeland security, medical and industrial applications, announced today that it entered into an agreement with Middlesex Savings Bank to establish a revolving line of credit of up to $4 million, subject to availability restrictions...

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...


Word of the Day
cacodemon
  • An evil spirit; a devil.
  • A nightmare.
  • In astrology, the twelfth house of a scheme or figure of the heavens: so called from its signifying dreadful things, such as secret enemies, great losses, imprisonment, etc.
'Cacodemon' comes from a Greek term meaning 'evil genius.'
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