JPMorgan Upsizes Sprouts Market Facility to $700MM

Sprouts Farmers Market amended its credit agreement, increasing the company’s total commitments to $700 million. JPMorgan served as administrative agent on the transaction, while Bank of America served as syndication agent.

BMO Harris Provides $22.25MM Refi Facility to CynergisTek

BMO Harris Bank issued a new $17.25 million term loan and a $5 million revolver for CynergisTek as part of the latter’s debt restructuring.

Regions Upsizes Ebix Facility to $650MM

Ebix expanded its existing credit facility from $450 million to $650 million to assist in funding its growth. Regions Bank served as administrative agent for the transaction.

BMO Names Johannson U.S. Group Head, Personal/Business Banking

BMO Harris Bank appointed Erminia Johannson as group head, U.S. Personal and Business Banking. She succeeded Alex Dousmanis-Curtis, who was named head of sales and distribution, BMO’s Canadian Personal and Business Banking.

BofA Agents New $2.25B Multcurrency Facility for CME Group

CME Group closed a new multi-currency revolving credit facility with a syndicate of banks led by Bank of America as administrative agent.

BofA Renews Chicago Merchandise Xchange $7B Multi-Currency Facility

Chicago Mercantile Exchange renewed its 364-day multi-currency credit facility with Bank of America as administrative agent.

BMO Harris Provides $100MM Revolver to Snap Finance

BMO Harris Bank led a bank syndicate in providing a $100 million revolving credit facility to lease-to-own fintech Snap Finance.

Goldman Sachs Leads $1.225B in Big River Steel Financing

Big River Steel closed on $1.225 billion in financing, including a senior secured term loan, an asset-based lending facility and senior secured notes. Goldman Sachs served as administrative agent for facilities.

A Peek Behind the Curtain: ABL Underwriters — Evaluating Risk to Seal the Deal

Since the days when tall ships carried cargo across dangerous seas, underwriters have assessed the risks involved before signing off on financial transactions. While the nature of the risks may have changed, underwriters still conduct thorough due diligence to evaluate a company’s stability and the state of the collateral before deals are closed.
ABF Journal contributor Lisa Miller speaks with three underwriters to learn exactly how
they make those evaluations and which signs point to a successful outcome.

BMO Harris, JPM, WFCF Provide $292MM Roadrunner Facility

Roadrunner Transportation Systems closed a new five-year $292 million asset-based lending facility with BMO Harris Bank, JPMorgan Chase and Wells Fargo Capital Finance.