BofA Extends Sears $400MM Term Loan; USB Advises on New Facility

Sears Holdings entered into an agreement to extend the maturity of its existing term loan to January 2019, with the option to further extend the maturity to July 2019. The company also expects to close a new $600 million secured credit facility, advised by UBS Investment Bank.

Wells Fargo, Fifth Third, Others Support Sycamore Staples Buy

Sycamore Partners will acquire Staples for $10.25 per share in cash, or approximately $6.9 billion. UBS Investment Bank, BofA Merrill Lynch, Deutsche Bank, Credit Suisse, Royal Bank of Canada, Jefferies, Wells Fargo Bank and Fifth Third Bank are providing debt financing for the transaction.

Credit Suisse, Jefferies, UBS Support Avast Acquisition of AVG

Avast Software and AVG Technologies have entered into a purchase agreement in which Avast will offer to purchase all of the outstanding ordinary shares of AVG for $25.00 per share in cash, for a total consideration of approximately $1.3 billion.

Citi, Others Advise Southcross Energy, TexStar Combination

Southcross Energy announced it will combine with TexStar Midstream. Citi is serving as financial advisor to Southcross; Barclays, Evercore Partners and UBS Investment Bank are serving as financial advisors to TexStar.

Hastings Advises Centerbridge on Partial Acquisition of syncreon Ireland

Paul Hastings announced it advised Morgan Stanley, Goldman Sachs and UBS Investment Bank in connection with the financing of the acquisition by Centerbridge Partners of a 40% interest in syncreon Ireland B.V.