Tag Archives: J.P. Morgan

J.P. Morgan Agents $340MM Refinancing Transaction for Liberty Company Insurance Brokers

The Liberty Company Insurance Brokers, a privately held insurance brokerage, completed a $340 million refinancing transaction on July 31. J.P. Morgan is the administrative agent for the facility, which includes a revolving credit facility, term loan and delayed-draw term loan.

Bank of America Amends and Extends Cleveland-Cliffs’ ABL Facility

Cleveland-Cliffs amended and extended its asset-based lending credit facility. The amendment extends the maturity date of the facility to June 9, 2028, and transitions the benchmark interest rate from LIBOR to SOFR. BofA Securities served as lead arranger for the ABL facility.

J.P. Morgan Leads $350MM Term Loan and $150MM ABL Facility for TTM Technologies

TTM Technologies, a global manufacturer of technology solutions, closed and syndicated a $350 million senior secured term loan and a U.S. asset-based revolving credit facility with committed borrowing capacity of $150 million. J.P. Morgan is acting as administrative agent for both facilities.