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Edens & Avant announces refinancing of unsecured revolving credit facilities
Columbia, S.C. -- Edens & Avant announced Tuesday that it has closed on the refinancing of its $350 million unsecured revolving credit facility and $30 million unsecured working capital line.
Both will mature in September 2014, but include two, one-year extensions that could extend both facilities through September 2016.
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99 Cents Only in $1.6 billion buyout
Commerce, Calif. -- Discounter 99 Cents Only Stores said Tuesday it has agreed to be acquired by a group of investors including its founding family, Ares Management and Canadian Pension Plan Investment Board for $1.6 billion in cash.
The announcement ends a months-long sales process, which started with a takeover offer from Leonard Green & Partners in March.