Daily News: May 30, 2017

JPMorgan Extends Levi Strauss Facility, Lowers Borrowing Rate


Jeans-maker Levi Strauss amended its credit facility to extend the maturity date to May 2022 and reduce the borrowings interest rate from LIBOR + 120-200 basis points to LIBOR + 125-175 basis points.

According to a related 8-K filing, JPMorgan served as administrative agent. JPMorgan, Bank of America, Wells Fargo and HSBC were joint bookrunners and joint lead arrangers. Bank of America and Wells Fargo were co-syndication agents, and Deutsche Bank Securities, Goldman Sachs Bank and the Bank of Nova Scotia were co-documentation agents.

Other terms of the existing credit agreement have not been materially changed as a result of the restated credit agreement and remain in full force and effect.