Today’s News

Last Updated: Friday, April 18, 2014, 11:59 am

Citicorp Agents Federal-Mogul Holdings Refi

Federal-Mogul Holdings announced it successfully secured $2.6 billion to refinance existing debt. Citicorp USA acted as administrative agent, according to an SEC filing.

BNP Paribas, Others Arrange $1.5B Tenaska Marketing Revolver

Tenaska Marketing Ventures announced it completed renewal of a revolver that provides the company with up to $1.5 billion of borrowing capacity. BNP Paribas Securities, others acted as lead arrangers for the facility.

Commercial Lender Survey: Company Culture Important in Job Satisfaction

Results from Smith & Wilkinson’s 5th Annual Commercial Lender Salary Survey revealed an increased importance on company culture over salary.

MAPI: Manufacturing Finds its Footing

Despite some concerns with business conditions, near-term prospects for the manufacturing sector look bright, according to the quarterly Manufacturers Alliance for Productivity and Innovation MAPI Business Outlook.

Wells, Others Arrange SuperValu $1B ABL Facility Amendment

SuperValu announced it completed the repricing, amendment and extension of its $1 billion asset-based revolver. Wells Fargo, U.S. Bank, Rabobank, Goldman Sachs, Credit Suisse, Morgan Stanley, Barclays and BofA Merrill acted as joint lead arrangers.

BofA, JPMorgan, Others Provide ABL to Support Bauer Acquisition

Bauer Performance announced it completed the acquisition of Easton Baseball/Softball. Bank of America, JPMorgan, Royal Bank of Canada and Morgan Stanley provided BPS with fully committed credit facilities to close the transaction.

JPMorgan Chase Leads $1.35B Brown & Brown Facility

Brown & Brown announced its entry into a $1.35 billion credit facility, funded by a syndicate of financial institutions led by JPMorgan Chase Bank.

Capital One Expands D.C. Mid-Market Commercial Banking

Capital One Bank appointed Kate Marcotte and Andrew Brkic as commercial banking relationship managers. Previously, Marcotte held leadership roles at Bank of America Merrill Lynch. Brkic previously served with Citibank.

Restructuring Practice Pioneer Passes at 83

Leonard M. Rosen, a founder of the Wachtell, Lipton, Rosen & Katz law firm, has died. He was 83.

SSG Advises Spectral Response Sale to Hunter Tech Affiliate

SSG Capital Advisors acted as the investment banker to Spectral Response in the sale of substantially all of its assets to an affiliate of Hunter Technology, an electronic manufacturing services provider.