BofA Business Capital Agents $80MM ABL for Ice Mobility
Bank of America Business Capital announced it served as administrative agent on a $80 million asset-based revolver to Ice Mobility.
Bank of America Business Capital announced it served as administrative agent on a $80 million asset-based revolver to Ice Mobility.
Bloomberg reported that Bank of America has resigned as agent for Arch Coal’s lenders amid a feud over a proposed debt exchange.
Star Gas Partners said it entered into an amended ABL revolver and term loan with a lender group led by JPMorgan Chase as administrative agent.
Univar said it has entered into a new credit agreement with Bank of America as U.S. and Canada administrative agent with regard to a new asset-based credit facility in an aggregate amount of $1.4 billion.
Ryerson Holding said it entered into a new $1 billion credit facility secured primarily by inventory and account receivables. The lender group was led by Bank of America as administrative and collateral agent.
Anthem announced it will buy rival health insurer Cigna in a deal valued at $54.2 billion. Anthem said committed financing will be provided by Bank of America, Credit Suisse and UBS Investment Bank to support the acquisition.
In a complaint filed in the U.S. District Court in New York on Thursday, 22 banks were accused of manipulating the market for Treasury securities.
Boyd Group announced it increased its existing revolver to $150 million with an accordion feature to maximum of $250 million. The deal was arranged by TD Bank with Bank of America, National Bank of Canada and Scotiabank participating.
Bank of America CEO Brian Moynihan announced CFO Bruce Thompson will step down and be replaced by Paul Donofrio, effective August 1. Moynihan also said Andrea Smith will assume a newly created position as CAO.
Panera Bread announced a new $250 million revolver and a $300 million term loan that will be provided by a lender group led by Bank of America as administrative agent.