Lenders Push Back to Stop Downward Spiral of Leverage Loan Pricing

Reuters reported lenders are starting to push back in an effort to stop the downward spiral of U.S. leveraged loan market pricing.

JPMorgan Commits $250MM to Support Thermon Acquisition of CCI Thermal

Thermon Group Holdings acquired CCI Thermal Technologies in a $205 million deal. JPMorgan Chase committed $250 million structured as a senior secured term loan to support the acquisition.

BB&T Provides $50MM Revolver for Applied Optoelectronics

Applied Optoelectronics entered into $50 million three-year revolver with BB&T. The company terminated credit agreements with East West Bank and Comerica Bank.

DNB Markets Arranges $125MM Gulfmark Exit Financing

Gulfmark Offshore filed with the U.S. Bankruptcy Court an exit financing commitment letter under which DNB Markets will serve as sole lead arranger on a credit facility encompassing a $25 million revolver and a $100 million term loan.

JPMorgan Chase Agents $125MM Unisys Facility

Unisys entered into a new revolving credit facility providing for loans and letters of credit up to an aggregate amount of $125 million. JPMorgan Chase Bank served as administrative agent.

Morgan Stanley Supports Brooks Automation’s 4titude Buy

Brooks Automation acquired 4titude for $65 million. Morgan Stanley served as administrative agent for a $200 million term loan agreement for Brooks Automation in support of the acquisition.

Texas Capital Bank Provides $250MM Credit Line to On Point

On Point Oilfield Holdings successfully closed on a $250 million senior credit facility with Texas Capital Bank.

Bank of America Agents $3B Hologic Financing

Hologic entered into an amended and restated credit agreement with Bank of America as administrative agent consisting of a $1.5 billion term loan and a $1.5 billion revolver.

Goldman Sachs Provides $250MM Jersey City Funding Facility

Jersey City Funding, entered into a $250 million credit agreement with Goldman Sachs Bank.

Prospect Capital Provides $32MM Financing to AgaMatrix

AgaMatrix entered a $32 million senior term loan facility with Prospect Capital.