BofA Q2 Earnings More than Double on Lower Legal Costs
Bank of America reported Q2/15 net income of $5.3 billion compared to $2.3 billion in Q2/14. The bank said legal costs of $175 million were down from $4.0 billion in Q2/14.
Bank of America reported Q2/15 net income of $5.3 billion compared to $2.3 billion in Q2/14. The bank said legal costs of $175 million were down from $4.0 billion in Q2/14.
FTI Consulting said it entered into a $550 million senior secured revolver which amends and extends the maturity date of the company’s existing $350 million credit facility.
Ducommun said it entered into a new $475 million credit agreement consisting of a $200 million revolver and a $275 million term loan. Bank of America acted as administrative agent.
IDEX closed a $700 million senior revolving credit facility. The facility was financed through a syndication of 10 financial institutions, co–led by Bank of America, JP Morgan and Wells Fargo.
Tesla Motors reportedly said that, along with its subsidiary, Tesla Motors Netherlands B.V., it entered into a $500 million senior secured asset-based revolving credit agreement with a group of banks.
KapStone completed the purchase of Victory Packaging/Golden State Container using borrowings under a $1.915 billion amended senior facility led by Bank of America, Barclays Bank and Well Fargo Bank.
Resolute Forest Products entered into a credit agreement for a senior secured ABL with a syndicate of banks. Bank of America acted as U.S. administrative agent.
Noble Group Ltd reportedly said it closed $2.3 billion worth of syndicated revolving loan facilities.
A U.S. district judge reportedly dismissed three suits alleging breaches over mortgage-backed securities by U.S. Bank and Bank of America.
Dave & Buster’s Entertainment closed a five-year, $500 million senior credit facility. Bank of America and Wells Fargo Securities are the joint lead arrangers and bookrunners.