The U.S. Bankruptcy Court for the District of Delaware has confirmed CTI Foods’ plan of reorganization. Barclays Bank and Wells Fargo are providing an $80 million ABL revolver and a $75 million term loan to support the restructuring.
GardaWorld has entered into an amending agreement to its actual credit agreement. This incremental financing was provided by two of GardaWorld’s current lenders, Barclays Bank and TD Securities.
CTI Foods filed for voluntary petitions under Chapter 11 in order to implement its financial restructuring plan. Barclays Bank and Wells Fargo will provide the company with $155 million in DIP financing to support it through the restructuring.
Fortress Transportation and Infrastructure Investors amended its existing credit agreement with JPMorgan Chase Bank as administrative agent, increasing the aggregate revolving commitments under the facility from $125 million to $250 million.
Mortgage loan originator and servicer Ditech entered into a restructuring support agreement with certain lenders holding more than 75% of the company’s term loans. To facilitate the RSA, Ditech filed voluntary petitions for reorganization under Chapter 11.
Barclays Bank acted as administrative agent, syndication agent and lead arranger on a $450 million term loan for Allegiant Travel, an airline focused on linking travelers in small and mid-sized cities to world-class leisure destinations.
Bank of America, JPMorgan Chase Bank, Barclays Bank and Citigroup Global Markets signed a commitment letter to provide $5.5 billion in senior secured super-priority DIP credit facilities to support PG&E through its bankruptcy process.
ING Bank and J.P. Morgan Securities, among others, acted as manadated lead arrangers and bookrunners on a €600 million ($683 million), five year revolving credit facility for Worldline.
Barclays International promoted 85 international staff members to managing directors across multiple divisions, including Cards & Payments, the Corporate and Investment Bank and Private Banking & Overseas Services. The promotions will be effective January 1, 2019.
Cardtronics entered into an amended and restated $600 million revolving credit facility. JPMorgan Chase Bank served as administrative agent on the facility.