BAML Leads Refinitiv $5.5B Loan Launch

Reuters reported syndication of the $5.8 billion-equivalent loan package backing Blackstone’s buyout of Refinitiv, Thomson Reuters’ Financial and Risk division, is expected to launch on September 4 in the U.S. Bank of America Merrill Lynch is leading the syndication.

Barclays, UBS, Others Support Ortho-Clinical $2.6B Refi

Ortho-Clinical Diagnostic refinanced its credit agreement. The amended agreement consists of a $2.325 billion term B loan and a $350 revolving credit facility.

UBS Agents Amendment on Sears Credit Agreement

Sears Holdings amended its March 14, 2018 credit agreement, with UBS, Stamford Branch serving as administrative agent and UBS Securities acting as lead arranger and bookrunner.

Rabobank, Santander, Others Support Sainsbury Acquisition of Asda

Reuters reported UK supermarket Sainsbury’s closed £3.5 billion ($4.5 billion) in syndicated loans in order to facilitate an acquisition of Walmart’s Asda, which is valued at £7.3 billion ($9.7 billion).

UBS Upsizes Basic Energy Services ABL Facility to $150MM

Basic Energy Services increased its asset-based lending credit facility from $120 million to $150 million. UBS served as administrative agent for the transaction.

23 Banks Set to Join Syndicate for Blackstone’s TR Buy

Reuters reported that lead arrangers J.P. Morgan, Merrill Lynch and Citigroup have invited 23 banks to participate in the $13.5 equivalent loan facility to support Blackstone’s purchase of a majority stake in Thomson Reuters’ Financial and Risk unit.

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.

UBS Amends Ruby Tuesday $20MM Facility

Restaurant chain Ruby Tuesday amended its 364-day senior secured revolving credit agreement dated as of May 26, 2017 with, among other parties, UBS AG, Stamford Branch, as administrative agent and as issuing bank.

Wells Fargo, UBS Provide $4.1B Financing to Staples

Office supply retailer Staples entered into an ABL agreement with Wells Fargo and a term loan credit agreement with UBS which provide for $4.1 billion in financing.

Barclays, UBS, Others Lead Stada $2.8B Buyout Financing

Reuters reported that Barclays, Nomura and UBS led the leveraged loan financing to support Bain Capital and Cinven’s buyout of German drug maker Stada.