NuStar GP Holdings entered into a new revolver with JPMorgan serving as administrative agent and SunTrust Bank as syndication agent. The facility, which has a borrowing capacity of up to $40 million, replaces the company’s existing facility.
Shearman & Sterling announced it advised Morgan Stanley Senior Funding in connection with the $225 million financing related to the acquisition of Actient Holdings by Auxilium Pharmaceuticals.
Simpson Thacher represented J.P. Morgan Securities as lead arranger and JPMorgan Chase as administrative agent in connection with a $550 million term loan for Philadelphia Energy Solutions Refining and Marketing.
Universal Stainless & Alloy Products said it has amended its credit agreement with PNC Bank serving as administrative agent for a syndicate of banks.
BMO Harris Bank’s Sponsor Finance group was joint lead arranger, joint bookrunner and administrative agent for $77.2 million in senior credit facilities to Genoa Healthcare Holdings, a specialty pharmacy operator.
Ferro Corporation amended its existing senior credit facility, with PNC Bank serving as administrative agent and collateral agent. The company’s revolving loan commitment was reduced from $350 million to $250 million.
Conn’s Inc. announced it increased its asset-based loan facility from $40 million to $585 million with a syndicate of banks by Bank of America as administrative agent and collateral agent.
Law firm Simpson Thacher announced that it represented the administrative agent in connection with the amendment and restatement of QVC’s $2 billion revolving credit agreement.
API Technologies entered into credit agreements with Wells Fargo Bank and Guggenheim Corporate Funding, both serving as administrative agent for their respective transactions.
BMO Harris Bank’s Sponsor Finance was sole lead arranger, sole bookrunner and administrative agent for $37 million in senior credit facilities to support First Atlantic Capital’s control investment in C.P. Converters.