Walter Shipley, Former Chase CEO, Architect of Mega-Mergers, Passes Away

On Friday, Walter V. Shipley, the former chairman and CEO of Chase Manhattan Bank and an influential architect of bank mega-mergers in the 1980s and 90s, passed away. He was 83 years old.

JPMorgan Chase Agents Amendment to Anadarko Petroleum Revolver

JPMorgan Chase Bank acted as administrative agent on an amendment to Anadarko Petroleum’s revolving credit agreement.

JPMorgan Chase Leads $600MM Revolver for New York Power Authority

JPMorgan Chase led the bank syndicate on a $600 million revolving credit facility for the New York Power Authority. The revolver will support issuance of commercial paper notes and established energy-efficiency programs.

JPMorgan Chase Agents $200MM Upsize for Arrow Electronics

JPMorgan Chase acted as administrative agent on a $200 million upsize to Arrow Electronics’ revolving credit facility, bringing the total capacity of the facility to $2 billion.

BofA, JPMorgan Chase Secure $150MM Revolver for Corcentric

Corcentric secured a $200 million senior credit facility, consisting of a $150 million revolver from Bank of America and JPMorgan Chase and a $50 million term loan from TCW Asset Management.

JPMorgan Chase Agents New $750MM Facilities for AmTrust Financial

JPMorgan Chase served as administrative agent and issuing bank on a $350 million term loan facility and a $400 million revolving credit facility for AmTrust Financial Services.

JPMorgan Chase Arranges Warehouse Facility for Avid Acceptance

Avid Acceptance completed an asset-backed warehouse facility arranged by JPMorgan Chase Bank.

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.