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.

Ready to Lend: 2017 ABL Activity Off to a Good Start

Rumors of tax cuts and promises of interest rate hikes swirled in the winds of uncertainty as Q1/17 ended. ABF Journal contributor Lisa Miller interviewed a group of leading ABL executives, who are already enjoying a better year than 2016 and are predicting changes ahead for the ABL market whichever way the economy shifts.

Wells Fargo Agents $300MM Kforce Credit Facility

Kforce completed a new $300 million revolving credit facility with a syndicate led by Wells Fargo Bank as administrative agent.

Old National Bank Provides $15MM Facility to Contrail

Contrail Aviation Support, entered into a $15 million business loan agreement with Old National Bank, replacing its prior facility with BMO Harris Bank.

BMO Harris Agents Rush Enterprises $100MM Revolver

Rush Enterprises entered into a $100 million revolver credit agreement with a group of banks led by BMO Harris serving as administrative agent.