Bank of America is serving as administrative agent for a amended and restated $1.5 billion five-year unsecured revolving credit facility for Reliance Steel & Aluminum. The amended and restated facility will replace Reliance’s existing agreement.
Whiting Petroleum completed its financial restructuring and emerged from Chapter 11 protection. According to an 8K, JPMorgan Chase is serving as administrative agent for a $750 million reserve-based revolving credit facility as part of Whiting’s new capital structure.
Bank of America named Seth Benefield head of Bank of America Business Capital and asset-based financing, succeeding Karen Sessions, who was named head for the Pacific Southwest region of global commercial banking at Bank of America.
Bank of America served as agent, sole lead arranger, sole bookrunner and lender for a loan and security agreement for Key Tronic and certain of its domestic subsidiaries. The loan agreement provides for a five-year asset-based senior secured revolving credit facility of up to $93 million.
Ritchie Bros. Auctioneers closed an amendment and extension of its credit agreement totaling $630 million with a syndicate of lenders led by Bank of America as administrative agent.
According to an 8K filed with the SEC, Bank of America served as administrative agent for an amendment to The Middleby Corporation’s senior credit facility. The amended credit agreement will provide for a $3.1 billion senior secured credit facility.
KPS Capital Partners will acquire substantially all of the assets of Briggs & Stratton, including equity of foreign subsidiaries, for approximately $550 million.
According to an 8K filed with the SEC, Bank of America served as administrative agent, swing line lender and a letter of credit issuer on an amendment to KBR’s existing credit agreement.
According to an 8K filed with the SEC, Bank of America served as administrative and collateral agent on a $2.4 billion asset-based revolving credit facility in connection with the merger of WillScot and Mobile Mini.
According to an 8K filed with the SEC, Bank of America served as administrative agent on an amendment to WEX’s existing senior secured credit facilities. In addition, WEX agreed to a $400 million dollar investment from an affiliate of Warburg Pincus.