JPMorgan Commits $1.2B to Support Denbury Acquisition of Penn Virginia

Denbury Resources agreed to acquire Penn Virgina in a deal valued by $1.7 billion. JPMorgan will provide a new $1.2 billion senior secured credit facility to support the acquisition.

BofA Agents Expansion of Curtiss-Wright $500 Million Facility

Curtiss-Wright amended credit agreement with a group of seven banks extending the maturity date of its $500 million credit facility through October 2023 and expanding the accordion feature by $100 million to $200 million. Bank of America served as administrative agent.

JPMorgan Supports Honeywell Spin-off of Garrett Motion

JPMorgan served as administrative agent for a $1.66 billion senior secured term loan to support Honeywell International’s spin-off of Garrett Motion.

JPMorgan Agents New $295MM Facility for SurveyMonkey

SurveyMonkey, along with its parent company, SVMK, amended its 2017 refinancing facility agreement with a $220 million term loan and a $75 million revolving loan. It also paid down over $100 million of its outstanding debt.

JPMorgan Chase Upsizes Highpoint Facility to $500MM

HighPoint Resources entered into an amended revolver which increased its borrowing based and commitment by 67% to $500 million. The bank syndicate was arranged by JPMorgan Case and included 11 participants.

MUFG Agents Chesapeake Energy $3.8B Revolver

Chesapeake Energy amended its senior secured revolving credit facility agreement, receiving initial commitments from 15 institutions totaling $3.8 billion, which exceeded the $3 billion borrowing base the company was seeking.

PNC, JPMorgan Chase Provide $285MM Facilities to Funko

Funko entered into a commitment letter with PNC for a $285 million credit facility consisting of a $50 million revolver and a $235 million term loan. JPMorgan will serve as joint lead arranger and syndication agent for the facilities.

JPMorgan, Orion Support Support Tiger Rental Recap

Tiger Rentals refinanced its $160 million credit facilities, consisting of a $100 million senior first lien term loan with Orion Energy Partners and a $60 million revolver with JPMorgan Chase.

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.

BofA Agents $411MM Exit Financing for Cenveo

The U.S. Bankruptcy Court for the Southern District of New York approved the exit plan of Stamford, CT-based print products company Cenevo. The company received exit financing commitments in the form of a $175 million ABL facility and a $236 million term loan.