Barclays’ Investment Bank CEO to Retire
Barclays announced Tom King, CEO of its Investment Bank, will retire on March 4, 2016.
Barclays announced Tom King, CEO of its Investment Bank, will retire on March 4, 2016.
ADT has entered into a definitive agreement to be acquired by an affiliate of funds managed by affiliates of Apollo Global Management and co-investors and merged with a subsidiary of Prime Security Services Borrower.
Barclays appointed Paul Compton as group chief operating officer. Compton will join the executive committee of Barclays from JPMorgan Chase and will report directly to group chief executive, Jes Staley.
Armstrong World Industries plans to refinance its existing credit agreement in conjunction with and subject to the completion of the planned separation of the company’s flooring business.
Prime Healthcare closed a $700 million senior secured credit facility led jointly by Wells Fargo and Barclays.
Price comparison company Moneysupermarket.com increased its revolving credit facility from $75 million to $150 million with Barclays and Lloyds Bank.
Cision has agreed to acquire PR Newswire from UBM in a deal that will create a global leader of communications software and services. Deutsche Bank Securities, Barclays and RBC Capital Markets are providing debt financing to Cision.
Reuters reported that Staples’ $2.75 billion term loan backing the acquisition of Office Depot will remain in place despite a complaint filed by the FTC on antitrust concerns.
J.C. Penney received $500 million of incremental bank commitments to increase the size of its existing ABL revolver to $2.35 billion. Wells Fargo, J.P. Morgan, Barclays, BofA Merrill, Citizens, Regions and HSBC co-led the arrangement and syndication of the deal.
According to Reuters, Linn Energy is looking into distressed restructuring options with Barclays with low oil and natural gas prices hurting its ability to service $10 billion of debt after next year.