Daily News: February 7, 2017

JPMorgan Agents New $6B Facility for Sprint


Sprint Communications closed a new $6 billion secured revolving and term loan credit facility with JPMorgan as administrative agent.

According to a related 8-K filing, the facility consists of a $4 billion term loan and a $2 billion revolving credit facility. The facility replaces company’s $3.3 billion unsecured revolving credit facility that was due to expire in February 2018.

JPMorgan, Citigroup Global Markets, Mizuho Bank and Goldman Sachs Bank USA served as joint lead arrangers and joint bookrunners for the transaction. Citibank, Mizuho Bank, Goldman Sachs Bank USA were co-syndication agents. Bank Of America, Barclays Bank, Credit Agricole Corporate & Investment Bank, Deutsche Bank Securities and Royal Bank of Canada were co-documentation agents.