BofA Completes Credit Facility Refi for Knoll
Knoll completed the refinancing of its existing $450 million credit facility with a new $500 million credit facility with Bank of America and other participating lenders.
Knoll completed the refinancing of its existing $450 million credit facility with a new $500 million credit facility with Bank of America and other participating lenders.
Reichhold replaced its North American revolver with a new $70 million delayed-draw term facility provided by funds managed by Oaktree Capital Management. Bank of America will continue as agent for the lenders.
Wells Fargo Securities, Bank of America, Wells Fargo Bank, Merrill Lynch and others provided a $2.35 billion senior secured asset-based revolver and term-loan facility to J.C. Penney.
Ares Management closed its amended and restated revolver that was entered into in connection with the company’s initial public offering. Merrill Lynch, Pierce and others acted as joint lead arrangers.
Carriage Services announced a fifth amendment to its credit agreement, which increases from $235 million to $325 million and continues to be administered by Bank of America.
Factoring firm ExpoCredit appointed Tyler V. Grady as the company’s new executive vice president and chief marketing officer. Previously, Grady spent time with LSQ Funding Group and Bank of America.
Universal Cooperatives and its domestic subsidiaries have filed voluntary Chapter 11 pre-petitions and obtained debtor-in-possession financing from Bank of America.
Pier 1 Imports (U.S.)has completed an amendment of its $350 million ABL revolver and successfully syndicated and closed its previously announced $200 million term loan B. The lender groups were led by Bank of America as administrative agent.
Quad/Graphics announced it completed its previously announced $1.9 billion debt financing. J.P. Morgan Securities, Bank of America and others acted as lead arrangers.
Bloomberg reported U.S. prosecutors are seeking more than $13 billion from Bank of America to resolve federal and state investigations of the lender’s sale of bonds backed by home loans in the run-up to the 2008 financial crisis.