Scotiabank Agents $1.05B Facility for Valvoline
Valvoline amended its credit agreement, closing a $1.05 billion facility with the Bank of Nova Scotia as administrative agent and Citibank as lead arranger.
Valvoline amended its credit agreement, closing a $1.05 billion facility with the Bank of Nova Scotia as administrative agent and Citibank as lead arranger.
Jeffrey A. Wurst, a senior partner at Ruskin Moscou Faltischek and a regular contributor to ABF Journal, has been elected to the Board of Regents of the American College of Commercial Finance Lawyers.
Cable One has launched the syndication of a new $350 million senior secured revolving credit facility, a new $250 million senior secured term loan A facility and a new $450 million senior secured delayed draw term loan A facility. J.P. Morgan is acting as lead arranger.
Investment bank Brown Gibbons Lang added Christoph Brandenberger and Manfred Steiner as managing directors in its Healthcare & Life Sciences practice.
SG Credit Partners provided a $5 million acquisition financing to support an energy-focused holding company’s acquisition of an oilfield service provider.
Second Avenue Capital Partners and White Oak Commercial Finance closed a $35 million asset-backed revolving credit facility for Charming Charlie, a Houston-based women’s specialty retailer.
The Board of Governors of the Federal Reserve System has terminated its Cease and Desist Order with BB&T related to BB&T’s anti-money laundering (AML) program. No money laundering activity was identified and no financial penalty was levied in relation to this order.
Jennifer Piepszak has been named CFO of JPMorgan Chase, succeeding Marianne Lake, who will become chief executive officer of Consumer Lending.
Six Flags Entertainment entered into a new seven-year $800 million senior secured term loan facility and five-year $350 million senior secured revolving credit facility. Wells Fargo served as administrative agent for the transaction.
AVENUE Stores, the omni-channel retailer of the AVENUE brand of women’s plus-size fashion apparel, footwear and accessories, successfully refinanced its outstanding capital structure. PNC provided a $45 revolving credit facility to support the recap.