SunTrust Bank served as administrative agent for a new $540 million credit agreement with American Renal Holdings, consisting of a $100 million revolving facility and a $440 million term B loan facility.
JPMorgan is administrative agent for a $75 million revolving credit for Fortress Transportation and Infrastructure, which just completed the acquisition of Hannibal Development for approximately $30 million.
Cinemark Holdings successfully amended its senior secured credit facility reduce the rate at which the term loan bears interest, which will now be at either a base rate plus 1.00% or LIBOR + 2.00%, representing an annual cash interest savings of 25 basis points or approximately $1.7 million per year.
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.
Caesars Entertainment and its Chapter 11 debtor subsidiaries finalized pricing of $1.435 billion of senior secured credit facilities, consisting of a $1.235 billion seven-year senior secured term loan facility and a $200 million five-year senior secured revolving credit facility.
United Continental Holdings and United Airlines closed a credit facility with JPMorgan as administrative agent. The facility provides for a term loan of $1.5 billion and a revolving credit facility of $2 billion.
CDW increased the size of its asset-based revolving credit facility from $1.25 billion to $1.45 billion. JPMorgan Chase Bank served as administrative agent.
Trinity Acquisition, a subsidiary of Willis Towers Watson, secured a $1.25 billion revolving credit facility from a syndicate of lenders led by Barclays Bank 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.
The Wall Street Journal reported that Barclays Bank has committed $2.4 billion of financing to support Ultra Petroleum’s exit from bankruptcy.