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Focus Financial Partners Increasing Term Loan to Repay Revolver Balance and Reset Dry Powder in Anticipation of Strong M&A Momentum in 2021

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NEW YORK, NY / ACCESSWIRE / January 19, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) ( Focus ), a leading partnership of independent, fiduciary wealth management firms, announced today that it is launching a transaction to increase the size of its First Lien Term Loan ( Term Loan ) by $375 million. Focus expects to close this transaction in January 2021 and use the proceeds to repay outstanding borrowings under its $650 million First Lien Revolver ( Revolver ). There will be no change to the existing terms of the Revolver as a result of this reduction in borrowings. As of December 31, 2020, the balances outstanding under Focus Term Loan and Revolver were approximately $1.13 billion and $380 million, respectively. ....

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The Open Reel Boards Rotterdam Competition Title 'Moss Agate' (EXCLUSIVE)

The Open Reel Boards Rotterdam Competition Title 'Moss Agate' (EXCLUSIVE)
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1-17 National busiiness briefs

Houston Wire & Cable Co. to sell Southwest Wire Rope division
HOUSTON â Houston Wire & Cable Co. announced that it has entered into a definitive asset purchase agreement for the sale of its Southwest Wire Rope business for a purchase price of $5 million, subject to a working capital adjustment.
The sale excludes about $2.6 million of trade accounts receivable, which HWCC will retain. HWCC expects to use the net sales proceeds and accounts receivable collections to further reduce Revolver debt. HWCC has already reduced Revolver debt to about $21.4 million as of Jan. 13 from a peak of $95.2 million in first quarter 2020.
The transaction is subject to customary closing conditions and is expected to close in the first quarter. ....

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Why Revolver-Shotguns are Here to Stay

The unusual nature of the revolver shotgun requires a bit of history and explanation.
Here s What You Need to Remember: The proliferation of revolver shotguns shows these unique firearms hold real appeal and are here to stay. Their popularity is also giving new life to .45 Long Colt, which until recently seemed destined for cartridge oblivion. For those that want a slightly unconventional handgun, revolvers such as the Smith & Wesson Governor are an equally conventional, though entirely practical, solution.
One of the most interesting trends in the world of handguns is the revolver than first not only handgun ammunition but also shotgun shells. The ability to shoot both high-powered handgun ammo above .40 caliber and small caliber shotgun shells makes these revolvers far more versatile than most. Although seemingly a new phenomenon, the development of handheld shotguns actually goes back to before the U.S. Civil War. ....

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Binghamton Man Arrested on Weapon Possession, Contempt Charges

A Broome County resident is suspected of illegally possessing weapons after a pistol and revolver were discovered in a town of Chenango house. ....

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