Harry Martin: Intelligent Decisions Taps Wells Fargo Supply Chain Group in Liquidity, Strategic Initiatives Push

Intelligent Decisions has opened a million credit facility with Wells Fargo Capital Finance to fund the information technology contractor’s purchasing and growth plans, the ABL Advisor reported Nov. 21. “We are pleased to work with Wells Fargo Capital Finance on this credit facility,” said Harry Martin, president and chief executive officer of ID. “They brought us the solutions that will...

Engility to Open $450M Credit Facility; Tony Smeraglinolo Comments

Tony Smeraglinolo
Tony Smeraglinolo Engility Holdings (NYSE: EGL) has closed on a $450 million senior secured credit facility that replaces its current $400 million credit facility. The fresh facility comprises of a $200 million term loan and a $250 million revolving credit with a five-year term, Engility said Monday. Engility also purchased an accordion feature to increase its debt commitment by an additional $150...

ICF Credit Facility Borrowing Limit Raised to $500M

ICF International (NYSE: ICF) signed an amendment to allow its credit facility to borrow up to $500 million, the company announced Thursday. The five-year senior credit agreement will allow revolver borrowings of up to $400 million. The agreement also has an additional accordion feature to allow expansion by an additional $100 million. Chairman and CEO Sudhakar Kesavan said the amendment is part of...

ManTech to Fund Acquisitions, Pursue Organic Growth with $500M Credit Facility

ManTech International (NASDAQ: MANT) has issued a new $500 million senior secured credit facility to enhance its capital position and financial flexibility, the company announced today. ManTech said the facility will provide an increased ability to drive organic growth and strategic acquisitions. The five-year credit facility enables borrowings up to $500 million and can expand by up to an additional...

CGI Group to Raise $475M in Debt Financing

CGI Group Inc. (NYSE: GIB) has entered a $475 million debt placement with six U.S. private investors. The company will use some placement proceeds to pay down part of the its revolving term facility, which matures in August 2012. The placement has three tranches of guaranteed senior unsecured notes. The tranches have a weighted average maturity of 8.2 years and a weighted average fixed coupon of 4.57...