BofA Agents $1.3B Facility for Covanta

Covanta Holdings closed two new $1.3 billion credit facilities: a $900 million revolving credit facility and a $400 million term loan. The refinancing is an increase of $100 million over its previous facilities.

U.S. Bank, JPMorgan Extend Black Hills Facility

Black Hills extended the maturity dates of its $750 million revolving credit facility and $300 million term loan.

CoBank Names Davis EVP, Farm Credit Banking

CoBank named current Chief Credit Officer Bill Davis executive vice president for Farm Credit Banking as part of a broader reorganization of the bank’s customer-facing business lines.

CoBank Agents $1.25B Facility for Pilgrim’s Pride

Pilgrim’s Pride amended its credit facility to consist of a $750 million revolving credit facility and a term loan commitment of $500 million. The amendment included a $1.25 billion accordion feature.

Webster, CoBank Support ZenFi, Cross River Merger

Webster Bank and CoBank will provide debt financing to support the merger of ZenFi Networks and Cross River Fiber. The funds will include additional capacity to support future growth.

CoBank Amends ShenTel Credit Agreement

According to an 8-K filing, Virginia-based ShenTel amended its credit agreement, with CoBank serving as administrative agent.

JPMorgan Chase Agents Westar $270MM Revolver Amendment

Westar Energy amended its $270 million revolving credit facility, extending the maturity to February 18, 2019. JPMorgan Chase acted as administrative agent and lender.

CoBank Provides New $92MM Facility to Otelco

Wireless communication provider Otelco refinanced its long-term debt with CoBank as administrative agent. The new facility includes a $87 million term loan and a $5 million revolver.

CoBank Provides $15MM Loan to Connecticut Water Service

Pursuant to a master loan agreement dated June 2009 and amended January 2012, CoBank provided Connecticut Water Service with a term loan in the principal amount of $15 million.

BofA Agents $930MM Facility for Rayonier

Rayonier Advance Materials amended its credit facility with Bank of America as administrative agent to support its acquisition of Tembec.