Wells Fargo Agents $800MM Owens Corning Revolver

Wells Fargo acted as administrative agent, swingline lender and issuing lender on a new $800 million revolving credit facility for Owens Corning. The revolver replaces the company’s previous credit agreement.

Remington RSA Plan Approved, Expects to Exit Chapter 11

The U.S. Bankruptcy Court approved Remington Outdoor’s restructuring plan, with the company anticipating an emergence from Chapter 11 by the end of May with a new $193 million ABL facility.

BofA Supports Smucker Acqusition of Ainsworth Pet Nutrition

J.M. Smucker entered into a $1.5 billion term loan credit agreement with Bank of America. The funds will be used to finance the company’s recent acquisition of Ainsworth Pet Nutrition.

BofA, Others Arrange $2.15B Facility for KBR

Houston-based KBR entered into a new $2.15 billion senior secured credit facility.

BofA Agents $750MM Facilitiy for Nu Skin

Nu Skin Enterprises closed a $400 million term loan facility and a $350 million revolving credit facility with Bank of America as administrative agent.

BABC, WFCF Support Celadon Refi

Troubled trucking group Celadon will refinance its existing credit agreement, including a new $100 million revolving credit facility provided by Bank of America Business Capital and Wells Fargo Capital Finance.

BofA Agents $120MM Facility for FilmNation

Independent movie producer FilmNation Entertainment completed a $120 million revolving credit facility led by Union Bank with Bank of America as administrative agent.

BofA Agents $1.1B Facility for Compass Diversified

Compass Diversified Holdings signed a credit agreement for a revolving credit facility totaling $600 million and a term loan facility in the amount of $500 million. Bank of America served as administrative agent on the transaction.

BofA Agents $1B Facility for CoreCivic

CoreCivic closed a new credit agreement for an aggregate principal amount of up to $1 billion, replacing the company’s existing $900 million revolving credit facility and term loan, which had an outstanding balance of $82.5 million as of March 31, 2018.

She Persisted: Karen Sessions Takes the Helm at Bank of America Business Capital

Karen Sessions attributes her success in the finance world to refusing to take “no” for an answer. Her career took her to Fleet, Union, Wachovia and Wells Fargo banks before she landed at Bank of America almost five years ago. In November, she was named head of Bank of America Business Capital and Asset-Based Lending. Although she contends she was lucky, her business skills and determination to succeed have propelled her into her current role.