October 8, 2014

Sears Holdings had an eventful day Wednesday after Bloomberg News reported that at least one of its vendors had canceled shipments to the retailer, citing anonymous sources close to the situation.

September 22, 2014

Law firms are swarming around Sears Holdings regarding the short-term loan it recently secured from CEO Edward Lampert's hedge fund.

According to the law firms, Lampert's significant stake in Sears Holdings could potentially undermine the legitimacy of the loan, which is secured by 25 undisclosed Sears properties that Lampert could swap out at will.

October 2, 2013

Sears Holdings Corporation announced that its wholly owned subsidiaries, Sears Roebuck Acceptance Corp. and Kmart Corporation, have taken out a $1.0 billion loan.

The incremental term loan was enacted under a new senior secured term loan facility under the company's existing credit agreement, titled Second Amended and Restated Credit Agreement dated April 8, 2011. The agreement continues to provide for a $3.275 billion asset-based revolving credit facility.

May 14, 2013

Dallas-based pro dealer Builders FirstSource said it plans to offer $350 million of senior secured notes due in 2021. 

Also, the pro dealer intends to enter into a new revolving credit facility, expected to provide for revolving credit borrowings of up to $175.0 million.


October 19, 2012

Orchard Supply Hardware Stores has announced additional progress in its efforts to strengthen its financial position through refinancing and reducing its debt.

The company closed on a new five-year Senior Secured Credit Facility consisting of a $120.0 million revolving credit facility and a $7.5 million FILO term loan, with Wells Fargo Capital Finance and Bank of America, N.A. The new facility replaces Orchard's existing $100.0 million Senior Secured Credit Facility.

April 11, 2012

Using the phrase “significant milestone” to describe the news, Peabody, Mass.-based Beacon Roofing Supply entered a new five-year senior-secured credit facility consisting of a $550 million credit facility with Wells Fargo Bank.

The deal also includes a C$15 million Canadian credit facility.

The deal refinanced the Company’s prior combined $515 million credit facilities that were provided through GE Antares and an affiliate.

December 5, 2011

Dallas-based Builders FirstSource announced the completion of a $160 million first-lien Term Loan financing agreement with affiliates of Highbridge Principal Strategies.

The company also announced it had entered into a standalone letter of credit facility with SunTrust Bank, which provides for the issuance of up to $20 million of letters of credit.

September 6, 2010

The father-son struggle for control, laid out in a complaint filed on July 14 by...

September 5, 2010

A family feud over the ownership and control of Harbor Freight Tools, the multichannel discount...

March 16, 2008

At the organizational level, Destination True Value represents two years of design work, consumer research...

February 12, 2008

Builders FirstSource anticipates revenues of $300 million for its fourth-quarter results....

January 24, 2008

Home builders laud action to cut interest rates and enact new legislation....

December 20, 2007

Builders FirstSource will retain its former president and chief operating officer as a consultant after...

July 19, 2007

Earnings fell 52 percent for the Washington, D.C.-area home builder....