Today’s News

    JPMorgan Agents $40B AT&T Facility to Support Time Warner Buy

    AT&T agreed to buy Time Warner for $85 billion. The company entered into a $40 billion term loan credit agreement with JPMorgan Chase as agent to support the merger.

    Jordan to Retire; WFCF to Join Wells Fargo Commercial Capital Group

    Wells Fargo Capital Finance Chairman and CEO Henry Jordan will retire in December. At that time, Wells Fargo Capital Finance, led by Guy Fuchs, will join Wells Fargo Commercial Capital Group.

    CIT Q3/16 Financing and Leasing Assets Down 1.6%

    In its Q3/16 earnings report, CIT announced that financing leasing assets of $49.3 billion were down 1.6% from the $50.1 billion reported in the same quarter a year ago.

    Citizens Bank Provides $20MM Riesbeck’s Food Markets Facility

    Citizens Commercial Banking provided a $20 million revolving credit facility to Riesbeck’s Food Markets. Citizens is the sole lender.

    The PrivateBank Adds Oris to ABL Team

    Paul Oris joined The PrivateBank’s Asset-based Lending division as a managing director in its Pittsburgh office.

    Deutsche Bank Agents Party City Amendment

    Party City Holdings entered into an amendment to its term loan credit with Deutsche Bank as administrative agent.

    Bloomberg: Gordon Brothers, Wells Modify Nine West Credit Facility

    Bloomberg reported that Nine West Holdings entered an agreement with Gordon Brothers and Wells Fargo to lift borrowing restrictions on its credit facility in anticipation of the holiday season.

    J.P. Morgan Arranges Virtu Refinancing

    Virtu Financial refinanced its term loan, resulting in an extended maturity and lower cost. J.P. Morgan was lead bookrunner and arranger in the transaction.

    Capital One Agents $162.5MM Palm Garden Healthcare Facility

    Capital One served as sole lead arranger and administrative agent for a $162.5 million senior secured credit facility for Palm Garden Healthcare.

    Bacon Joins Kirkland & Ellis as Partner in Houston

    Doug Bacon joined Kirkland & Ellis as a corporate partner in its Houston office.