JPMorgan, Goldman Sachs Reprice Avaya $2.918B Term Loan

Avaya repriced its $2.918 billion senior secured term loan. The repricing was led by JPMorgan and Goldman Sachs as joint lead bookrunners and arrangers.

Dimon, Buffet Claim ‘Short-Termism’ Is Hurting the Economy

JPMorgan CEO Jamie Dimon and Berkshire Hathaway chair Warren Buffet contended in a Wall Street Journal article that quarterly earnings reports are promoting a short-term corporate strategy that is hurting the economy.

JPMorgan, Barclays Agent $1.4B Sustainable Facilities for CMS

CMS Energy and its primary subsidiary, Consumers Energy, completed the first syndicated sustainability-linked revolving credit facilities for a U.S. borrower. The aggregate $1.4 billion in new credit facilities will allow CMS to reduce its interest rate by meeting targets related to environmental sustainability.

JPMorgan Agents $1B Exit Financing for EV Energy/Harvest Oil

EV Energy Partners emerged from Chapter 11 as a new corporation under the name Harvest Oil & Gas. Through the restructuring, Harvest eliminated approximately $355 million of debt and accrued interest from its balance sheet and significantly enhanced its financial flexibility.

JPMorgan Agents Zebra Technologies Debt Restructuring

Zebra Technologies restructured its debt to reduce interest costs while maximizing financial flexibility.

BofA Agents $650MM ABL for Conn’s

National retailer Conn’s amended its $650 million asset-based revolving credit facility with Bank of America as administrative agent.

JPMorgan Upsizes Edison Revolvers to $4.5M

Edison International amended two credit facility with its lender group, increasing the revolving credit facility from $1.25 billion to $1.5 billion. Southern California Edison increased its revolver from $2.75 billion to $3 billion.

MUFG, Nedbank Lead Aspen $4B Multi-Currency Facility

Aspen Holdings closed multi-currency syndicated facilities equivalent to approximately €3.4 billion ($4 billion). MUFG and Nedbank served as global coordinators, initial mandated lead arrangers and bookrunners.

JPMorgan Increases Sanchez Energy Facility to $380MM

Sanchez Energy completed the spring redetermination of its revolving credit facility, and its lenders approved an increase in the borrowing base from $330 million to $380 million.

JPMorgan Supports Apergy Separation from Dover

Apergy completed its separation from Dover. JPMorgan served as administrative agent for a $665 credit facility to support the transaction.