JPMorgan Agents Essent Group Upsize to $500MM
Essent Group increased its existing credit facility to $500 million from $375 million. JPMorgan served as administrative agent on the transaction.
Essent Group increased its existing credit facility to $500 million from $375 million. JPMorgan served as administrative agent on the transaction.
Reuters reported a late summer closing date for Blackstone Group’s $20 billion acquisition of a majority stake in Thomson Reuters’ Financial and Risk unit. Bank of America Merrill Lynch, J.P. Morgan and Citigroup are leading the debt financing.
Miramax secured a five-year $300 million revolving, multi-bank credit facility led by Bank of America Merrill Lynch and MUFG Union Bank.
Bank of America Merrill Lynch led a new expanded credit facility for Supermicro Computer, a provider of high-performance, high-efficiency server, storage technology and green computing.
Compass Diversified Holdings signed a credit agreement for a revolving credit facility totaling $600 million and a term loan facility in the amount of $500 million. Bank of America served as administrative agent on the transaction.
Tailored Brands refinanced its existing term loan, upsizing its aggregate principal amount to $900 million. JPMorgan Chase Bank acted as lead arranger, administrative agent and joint book runner on the transaction.
According to a Reuters report, nine banks are facing losses on loan and bond financing backing the buyout by a private equity firm of American Greetings.
Platinum Equity submitted a binding offer to acquire LifeScan from Johnson & Johnson in a transaction valued at approximately $2.1 billion. LifeScan manufactures blood glucose monitoring products with 2017 net revenue of approximately $1.5 billion.
According to Reuters, Bank of America Merrill Lynch and JPMorgan will lead an $8 billion debt refinancing for beauty company Coty.
Pinnacle Foods completed the refinancing of its senior secured credit facilities in a significantly oversubscribed transaction. Bank of America Merrill Lynch and Barclays Bank acted as lead arrangers on the transaction.