BofA Agents ABL Facility Expansion for Conn’s
Conn’s announced that it completed an expansion and extension of its ABL facility with a syndicate of banks. Bank of America acted as administrative agent.
Conn’s announced that it completed an expansion and extension of its ABL facility with a syndicate of banks. Bank of America acted as administrative agent.
Rouse Properties announced the closing of a new $510 million corporate credit facility. Key Bank acted as administrative agent.
HEICO announced it increased its $670 million revolver to an aggregate future capacity of $1 billion. SunTrust Bank, Bank of America and Wells Fargo Bank acted as lead managers.
Bloomberg reported the six biggest U.S. banks have allotted more than $100 million to cover litigation and settlement expenses since the financial crisis. Europe’s largest banks have racked up more than $77 billion.
Moody’s Investors Service said it has concluded its review of eight large U.S. banking groups, lowering by one notch the senior holding company ratings of Morgan Stanley, Goldman Sachs, JPMorgan and Bank of New York Mellon.
Bloomberg reported that Bank of America, Deutsche and others boosted the CME Group’s credit line from $5 billion to $7 billion.
Stratasys and Stratasys International entered into a credit agreement comprised of a $250 million revolver. Bank of America served as administrative agent and swing line lender.
The Wall Street Journal reported that the U.S. government is seeking $864 million in penalties from Bank of America over a loan production program called the “Hustle.”
PNC Capital Markets and RBS Citizens acted as joint lead arrangers, with PNC Bank acting as administrative agent, for a $300 million syndicated credit facility for Calgon Carbon.
Camping World announced today it secured a $525 million multi-year floor plan credit facility. Bank of America, which serves as administrative agent, led the transaction.