Reuters reported lenders are starting to push back in an effort to stop the downward spiral of U.S. leveraged loan market pricing.
Thermon Group Holdings acquired CCI Thermal Technologies in a $205 million deal. JPMorgan Chase committed $250 million structured as a senior secured term loan to support the acquisition.
Applied Optoelectronics entered into $50 million three-year revolver with BB&T. The company terminated credit agreements with East West Bank and Comerica Bank.
Gulfmark Offshore filed with the U.S. Bankruptcy Court an exit financing commitment letter under which DNB Markets will serve as sole lead arranger on a credit facility encompassing a $25 million revolver and a $100 million term loan.
Unisys entered into a new revolving credit facility providing for loans and letters of credit up to an aggregate amount of $125 million. JPMorgan Chase Bank served as administrative agent.
Brooks Automation acquired 4titude for $65 million. Morgan Stanley served as administrative agent for a $200 million term loan agreement for Brooks Automation in support of the acquisition.
On Point Oilfield Holdings successfully closed on a $250 million senior credit facility with Texas Capital Bank.
Hologic entered into an amended and restated credit agreement with Bank of America as administrative agent consisting of a $1.5 billion term loan and a $1.5 billion revolver.
Jersey City Funding, entered into a $250 million credit agreement with Goldman Sachs Bank.
AgaMatrix entered a $32 million senior term loan facility with Prospect Capital.