Flowserve, a provider of flow control products and services for the global infrastructure markets, amended and restated its $800 million revolving credit facility and added a new $300 million term loan facility with Bank of America and certain other lenders
Bank of America announced senior leadership changes, adding five new members, including three women, to the senior management team, further strengthening diversity at the most senior levels of the company.
Jam City, a mobile entertainment company, completed the acquisition of mobile game studio Ludia from Fremantle for $165 million. Jam City raised $350 million in equity and debt financing from Netmarble, Kabam and affiliates of funds managed by Fortress Investment Group.
Corsair Gaming completed the successful refinancing of its 2017 credit facilities with borrowings under a new $350 million credit facility, consisting of a $250 million term loan and $100 million revolving line-of-credit, both maturing in August 2026.
TransPerfect refinanced its existing credit facility with a $500 million credit facility. A banking syndicate arranged by Bank of America, JPMorgan Chase and Citibank provided the new facility, with Bank of America acting as the sole administrative agent.
The Greenbrier Companies, a supplier of equipment and services to global freight transportation markets, renewed and extended three bank facilities totaling more than $1 billion. According to an 8K filed with the SEC, Bank of America is the administrative agent for the facilities.
Anne Finucane, vice chairman of Bank of America, and Thomas Montag, chief operating officer and president of global banking and markets at Bank of America, will retire. Finucane and Montag will remain in their roles until the end of 2021. Succession plans will be announced in the coming weeks.
Plains All American Pipeline and Plains GP Holdings renewed and extended its two credit facilities, which have a combined valued of $2.7 billion. Bank of America led the funding for the facilities as administrative agent.
Rite Aid entered into an amendment to its senior secured credit agreement, which consists of a $2.8 billion senior secured asset-based revolving credit facility and a $350 million first in, last out senior secured term loan. Bank of America will continue to act as administrative agent for the facilities.
Graybar completed the amendment and extension of its unsecured committed revolving credit facility. The amendment, among other things, extended the company’s five-year, $750 million revolving credit facility.