Morgan Stanley Agents New $150MM Term Loan for Zayo

Zayo Group amended its credit facility, adding a new $150 million term loan trannche.

JPMorgan Agents $2.9B Avis Budget Group Facility Extension

Avis Budget Group extended the term of its $1.8 billion senior revolving credit facility for an additional two years to 2023. The company also extended the maturity of its $1.1 billion term loan for an additional three years to 2025, with no change in interest rate charged.

Morgan Stanley, Goldman Sachs, MUFG Arrange $570MM Fusion Term Loan

Goldman Sachs, Morgan Stanley and MUFG will act as joint lead arrangers and joint bookrunners for senior secured credit facilities for Fusion to support the company’s acquisition of Birch Communications. The facilities are expected to include a $570 million term loan.

BofAML, Barclays, Others Lead $2.5B Financing for EC Kroger Buy

Reuters reported that Bank of America Merrill Lynch, Barclays, Morgan Stanley, Deutsche Bank and UBS are leading the debt financing to support EG Groups acquisition of the Kroger Grocery chain’s convenience store unit.

Morgan Stanley Agents $825MM Facility to Support Shutterfly Buy

Online retailer Shutterfly acquired school photography company Lifetouch for $825 million in cash. Morgan Stanley agented the term loan to support the acquisition.

Morgan Stanley, Goldman Sachs Support Leonard Green ProMach Buy

Private equity company Leonard Green & Partners will acquire ProMach from AEA Investors. Morgan Stanley and Goldman Sachs have agreed to provide debt financing to support the transaction.

BofA Upsizes Keane ABL to $300MM

Keane Group amended its ABL facility with Bank of America serving as administrative agent, increasing the total availability to $300 million.

Morgan Stanley Agents $200MM Hi-Crush Term Loan

Hi-Crush Partners entered into a new $200 million senior secured term loan credit agreement, with Morgan Stanley Senior Funding acting as administrative agent, and a new five-year $125 million revolving credit agreement, with Amegy Bank acting as administrative agent.

Credit Suisse Leads $2.59B Paysafe Buyout Financing

Reuters reported Credit Suisse led the financing of a $2.59 billion leveraged loan supporting Blackstone’s buyout of UK-based payment processing company Paysafe.

Citi, Goldman, Others Renew $1.27B Air France/KLM Facility

Air France and KLM Airlines renewed their joint €1.1 billion ($1.27 billion) revolving credit facility with a syndicate of 18 banks.