Wilmington Trust Agents $1.3B Term Loan for Cumulus Media

Cumulus Media successfully completed its financial restructuring and emerged from Chapter 11, reducing its debt by more than $1 billion.

Wilmington Trust Settles Shareholder Suit for $210MM

According to the Tampa Bay Times, a class action lawsuit brought against Wilmington Trust has resulted in a $210 million settlement.

Wilmington Trust Supports Fusion MegaPath Buy

Cloud services provider Fusion acquired privately-held MegaPath Holding. To support this acquisition and the recent acquisition of Birch, Fusion closed a $640 million credit facility with Wilmington Trust as administrative agent.

M&A Vet Horok Joins Wilmington Trust Team

Brandon Horak joined Wilmington Trust as a senior relationship manager on the firm’s M&A team within its Global Capital Markets division. He will be responsible for developing and managing escrow and paying agent services to the bank’s clients and prospects across the U.S.

JPMorgan Agents $200MM Facility for LendingClub

LendingClub Warehouse, a wholly-owned subsidiary of fintech lender LendingClub, entered into a warehouse credit agreement with JPMorgan Chase as administrative agent.

Wilmington Trust Agents $325MM DIP for Appvion

The U.S. Bankruptcy Court approved Appvion’s official committee of unsecured creditors’ stipulation amending the final DIP order to extend the challenge period. Wilmington Trust had agreed to provide a $325.2 million term loan for the papermaker.

Royal Bank of Canada, Wilmington Trust Amend 99 Cents Only Facilities

99 Cents Only Stores amended the company’s existing term loan facility with Royal Bank of Canada, along with adjustments to its ABL facility and an entry into a second lien facility.

RBC, Wilmington Trust Amend Facilities for 99 Cents Only

The 99 Cents Only Stores amended its existing term loan and ABL facilities with Royal Bank of Canada, and entered into a second lien facility.

Wilmington Trust Agents $85MM DIP for Appvion

Appvion filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Court for the District of Delaware to facilitate a balance sheet restructuring and better position the business for long-term growth and success.

Wilmington Trust Agents New $300MM Facility for Hornbeck Offshore

Hornbeck Offshore Services refinanced its existing $200 million senior secured revolving credit facility with a new first-lien delayed-draw credit facility providing for up to $300 million of term loans. Wilmington Trust is administrative agent for the transaction.