Wells Fargo Agents $750MM Facility for Fossil

Fossil Group and Fossil Group Europe amended their credit facility with Wells Fargo as administrative agent to include a $325 million revolving credit facility and a $425 million term loan.

JPMorgan Chase Agents Aleris ABL Amendment

Aluminum-rolled product manufacturer Aleris International amended its 2015 ABL facility with JPMorgan Chase serving as administrative agent.

J.P. Morgan, Citigroup, Others Support Valorem Williston Buy

Valorem Energy completed its acquisition of LINN Energy’s Williston Basin interests for $285 million. J.P. Morgan, Citigroup Global Markets and Wells Fargo Securities served as joint lead arrangers for debt financing.

JPMorgan Agents $1.725B Refinance for Huntsman

Huntsman International closed a new $350 million term loan B due 2021 and a new $1.375 billion term loan B due 2023. JPMorgan Chase was administrative agent for the transaction.

JPMorgan Agents $1.07B Refi for Coty

Coty closed an incremental agreement for credit facilities consisting of $975 million in term A loan commitments and $100 million in term B commitments. JPMorgan was administrative agent for the transaction.

JPMorgan Agents Dollar Tree Credit Facility

Dollar Tree entered into the third amendment of its existing credit facility, reducing the interest rate margin. The amount of the facility is unchanged.

Dex Media Files Prepackaged Plan of Reorganization

Dex Media filed a prepackaged plan of reorganization along with voluntary petitions, under Chapter 11 in the U. S. Bankruptcy Court for the District of Delaware. JPMorgan and Deutsche Bank Trust Company were agents under the secured credit agreement.

JPMorgan Chase Agents $2B Goodyear ABL Refi

Goodyear Tire & Rubber refinanced its $2 billion asset-based revolving credit facility. JPMorgan Chase was the administrative agent and collateral agent for the transaction.

JPM, SunTrust Arrange New $250MM CSW Industrials Facility

CSW Industrials announced the closing of a 5-year, $250 million revolving credit facility, with an additional $50 million accordion feature. The facility was arranged by JPMorgan Chase and SunTrust Robinson Humphrey.

JP Morgan Denied Rehearing On $1.5B Error

ABF Journal illustrator Jerry Gonzalez provides his take on The Second Circuit Court of Appeals denying JP Morgan Chase’s petition for a hearing en banc regarding a prior decision on the mistaken termination of UCC financing statements securing its $1.5 billion loan to General Motors, resulting in a major victory for GM’s unsecured creditors.