Bank of America Said to be Arranging SeaWorld Refinancing
Bloomberg reported that SeaWorld Entertainment is seeking a $1.4 billion term loan to refinance debt. Bloomberg said that Bank of America is arranging the transaction.
Bloomberg reported that SeaWorld Entertainment is seeking a $1.4 billion term loan to refinance debt. Bloomberg said that Bank of America is arranging the transaction.
Carriage Services amended to its credit agreement, which was increased to $125 million. BofA served as administrative agent with Raymond James Bank, Regions Bank and Amegy Bank as co-syndication agents.
International Game Technology entered into an amended and restated credit agreement for a $1 billion, five-year credit facility with The Royal Bank of Scotland as administrative agent and swing line lender.
Bank of America reported net income of $2.6 billion for the first quarter of 2013, up from $653 million in the same quarter one-year ago. Revenue, net of interest expense, rose 5% to $23.7 billion.
Bank of America served as administrative agent for Cenveo’s refinanced credit facilities which now consist of an amended and restated $360 million term B loan facility and a new $200 million asset-based loan credit agreement.
The Financial Times reported that former Goldman Sachs partner and institutions specialist Luigi Rizzo will join Bank of America as head of its M&A business in Europe, the Middle East and Africa.
Hertz completed a repricing of its currently outstanding $1.372 billion senior secured tranche B term loan facility. Deutsche Bank AG led the bank group as administrative agent and collateral agent.
Apria Healthcare Group entered into a $900 million term loan with Bank of America as administrative agent and U.S. Bank as collateral agent. Bank of America, Goldman Sachs, Barclays, Wells Fargo Securities and Macquarie Capital acted as joint lead arrangers and joint bookrunners.
U.S. Concrete said it expanded its asset-based credit agreement. According to the 8-K filing, Bank of America served as agent for the lenders.
Bloomberg reported that a group of banks won dismissal of antitrust lawsuits by plaintiffs claiming they were harmed by the rigging of the LIBOR rate.