Bloomberg: W.R. Grace Said to Cut Rate on Bankruptcy Exit Loan
Bloomberg reported W.R. Grace cut the rate it’s paying on a $900 million loan to support its bankruptcy emergence, citing a person with knowledge of the transaction.
Bloomberg reported W.R. Grace cut the rate it’s paying on a $900 million loan to support its bankruptcy emergence, citing a person with knowledge of the transaction.
Bank of America reported Q4/13 and FY earnings of $3.4 billion and $11.4 billion, respectively, up from $732 million and $4.2 billion a year earlier as loan loss charges dropped significantly year-over-year.
Star Gas Partners announced it entered into an amended $450 million facility with a bank syndicate of 15 participants. JPMorgan Chase acted as administrative agent.
Perry Ellis announced the company entered into an amendment to extend its facility with a consortium of financial institutions led by Wells Fargo and Bank of America as lead and syndication agent, respectively.
PerkinElmer announced it entered into a $700 million revolver with PerkinElmer Wallac Oy and PerkinElmer Health Sciences. JPMorgan Chase acted as administrative agent.
Milestone Aviation Group announced it closed on a $200 million revolving credit line.
Bloomberg reported W.R. Grace is seeking $1.55 billion in loans to support its emergence from bankruptcy.
Focus Financial announced the close of a $400 million credit facility. Bank of America, others supported the new facility that can be increased by $150 million through the utilization of an accordion feature.
Hyatt Hotels announced it amended its credit agreement with a syndicate of lenders providing for a $1.5 billion senior unsecured revolver. Wells Fargo Bank acted as administrative agent.
Bob Evans Farms announced it entered into a $750 million amended revolver. PNC Bank acted as administrative agent, and PNC Capital joint lead arranger and sole bookrunner.