Wells Fargo, Fifth Third, Others Support Sycamore Staples Buy

Sycamore Partners will acquire Staples for $10.25 per share in cash, or approximately $6.9 billion. UBS Investment Bank, BofA Merrill Lynch, Deutsche Bank, Credit Suisse, Royal Bank of Canada, Jefferies, Wells Fargo Bank and Fifth Third Bank are providing debt financing for the transaction.

Barclays, Citi, Others Finance CD&R Waterworks Buy

Clayton, Dubilier & Rice closed an agreement with HD Supply Holding to acquire its Waterworks business unit for $2.5 billion. Through a carve-out transaction, Waterworks will become an independent company, wholly-owned by CD&R funds.

Bank of America Agents New $150MM ABL Revolver for Keane

Keane Group closed a new $150 million asset-based revolving credit facility to replace its existing $100 million ABL revolver. Bank of America will serve as the administrative agent for the new facility.

Citigroup Leads $750MM Facility for Virgin Media

Virgin Media launched a new minimum $750 million senior secured term loan due January 31, 2025. Citigroup is acting as global coordinator on the transaction.

Five Banks Agree to Support Bayer Acquisition of Monsanto

BofA Merrill Lynch, Credit Suisse, Goldman Sachs, HSBC and JP Morgan have agreed to provide a credit facility to support Bayer’s proposed acquisition of Monsanto in a deal valued at approximately $65 billion. Bayer increased its bid in a recent proposal to shareholders.

BofA Merrill, Citi Commit $2.6B to Support Revlon Acquisition

Revlon will acquire Elizabeth Arden in a deal valued at $870 million. BofA Merrill Lynch and Citigroup Global Markets have committed $2.6 billion to fund the acquisition.

BofA Merrill Commits $1.1B to Support Mitel Acquisition

Mitel has entered into a merger agreement to acquire all outstanding shares of Polycom common stock in a transaction valued at approximately $1.96 billion. BofA Merrill Lynch has committed $1.1 billion to support the transaction.

Update: BofA Merrill Lynch Leads $1.05B Armstrong World Industries Refi

Armstrong World Industries plans to refinance its existing credit agreement in conjunction with the completion of the planned separation of the company’s flooring business. Bank of America Merrill Lynch is leading the refinancing with J.P. Morgan and Citibank acting as joint lead arrangers.

Armstrong World Industries Announces Proposed Refinancing

Armstrong World Industries plans to refinance its existing credit agreement in conjunction with and subject to the completion of the planned separation of the company’s flooring business.

BofA Merrill Lynch Arranges $160MM Term Financing for SolarCity

SolarCity has closed a $160 million term facility. BofA Merrill Lynch served as mandated lead arranger and sole bookrunner. KeyBank and Silicon Valley Bank served as joint lead arrangers.