JPMorgan Agents $1.05B Denbury Redetermination
Denbury Resources’ borrowing base was downgraded to $1.05 billion, a reduction from the previous commitment level of $1.50 billion. JP Morgan Chase served as administrative agent.
Denbury Resources’ borrowing base was downgraded to $1.05 billion, a reduction from the previous commitment level of $1.50 billion. JP Morgan Chase served as administrative agent.
Willis Lease Finance expanded its $700 million revolver by over 40% to $1 billion. MUFG Union Bank served as administrative agent for a syndicate of 13 banks.
Compass Minerals refinanced its existing senior secured credit facilities with a $400 million senior secured term loan and a $300 million senior secured revolver.
MidCap Business Credit completed a $1.8 million asset based credit line to Harrisburg, NC-based Combat Medical Systems. Combat Medical Systems is a developer and distributor of medical equipment and devices.
Essent Group entered into a three-year, $200 million revolving credit facility. JPMorgan Chase served as administrative agent.
Banc of California expanded its undrawn, revolver from $25 million to $75 million. The line of credit was underwritten by Wells Fargo Bank.
Corporate Capital Trust increased its senior secured facility to $893 million from $710 million. JPMorgan Chase served as administrative agent for the transaction.
ON Semiconductor entered into a $600 million revolving credit facility and a $2.2 billion term loan B facility with a group of lenders led by Deutsche Bank, NY as administrative agent.
FirstMerit Bank Business Credit closed a new $37.6 million revolving loan facility and term loan facility for Biery Cheese.
FirstMerit Bank Business Credit closed a new $7.5 million revolving loan and term loan facility for Wisconsin Plastics.