Wells Fargo Agents Genesis Energy Amendment
Genesis Energy amended its credit agreement agented by Wells Fargo, extending the maturity date to May 9, 2022.
Genesis Energy amended its credit agreement agented by Wells Fargo, extending the maturity date to May 9, 2022.
Capstone Mining amended its credit facility, extending the maturity date and reduced funds available to $350 million, with a $25 million annual reduction. The Bank of Nova Scotia was administrative agent.
Engs Commercial Finance has closed a $100 million securitization warehouse facility with the Bank of Montreal as lender and BMO Capital Markets as agent.
Chesswood Group exercised $30 million of the $80 million accordion feature in its existing revolver with a group of banks led by Royal Bank of Canada.
Ultra Petroleum has emerged from in-court restructuring and has raised $2.98 billion in exit financing. Barclays Bank and Bank of Montreal served as administrative agents on a $800 million term loan and $400 million revolver, respectively.
School Specialty completed a new $140 million term loan with TCW’s Direct Lending Group and amended its $125 million ABL with Bank of America and Bank of Montreal.
Cargojet amended its syndicated banking facility to increase its revolving credit facility from $175 million to $200 million and add a $75 million term loan facility. RBC led the bank syndicate for the transaction.
Financial Group CEO Bill Downe will retire on October 31, 2017. The bank’s board intends to appoint Chief Operating Officer Darryl White as Downe’s successor, effective November 1, 2017.
Core-Mark, which provides supply solutions to the convenience retail industry, increased the size of its credit facility from $600 million to $750 million. JPMorgan Chase served as administrative agent.
American Midstream and its partners increased its credit facility from $750 million to $900 million. Bank of America was administrative agent for the transaction.