Comstock Resources closed the acquisition of Covey Park Energy in a cash and stock merger valued at approximately $2.2 billion. Bank of Montreal served as administrative agent for a $2.5 billion revolver to support the transaction.
PNC, JPMorgan Expand Kemper Facility to $450MM
June 7, 2019
Kemper completed a new term loan credit agreement with an aggregate principal amount of up to $50 million and a $100 million increase of its revolving credit borrowing capacity to $400 million.
BMO Closes $125MM Revolver for North American Palladium
December 19, 2018
North American Palladium entered into a new $125 million revolving term credit facility, replacing its existing credit facilities. Bank of Montreal acted as administrative agent on the transaction.
Regions Agents $100MM Expansion of Ebix Credit Facility
November 30, 2018
Ebix expanded its existing syndicated credit facility by an additional $100 million. Regions Bank led the banking group and served as both administrative and collateral agent on the transaction.
Scotiabank Agents $1B Revolver for NFI
October 26, 2018
NFI Group, the largest bus and motor coach manufacturer and parts distributor in North America, entered into a revolving credit facility with a total borrowing limit of $1 billion, which includes a $100 million letter of credit facility.
BMO Harris Agents $500MM Facility for Lilis Energy
October 11, 2018
Lilis Energy entered into a five-year, $500 million credit agreement. The credit agreement provides for a senior secured reserve based revolving credit facility with an initial borrowing base of $95 million.
MUFG Agents Chesapeake Energy $3.8B Revolver
September 13, 2018
Chesapeake Energy amended its senior secured revolving credit facility agreement, receiving initial commitments from 15 institutions totaling $3.8 billion, which exceeded the $3 billion borrowing base the company was seeking.
BMO Capital Markets Launches PU&I Group, Hires McNutt to Lead
August 21, 2018
BMO Capital Markets launched its U.S. Power, Utilities and Infrastructure Investment and Corporate Banking group and hired Paul McNutt to lead it.
JPMorgan, Others Arrange $1B in Financing for FSEP
August 20, 2018
FS Energy and Power Fund raised more than $1 billion in debt financing, including $500 million in 7.5% senior secured notes, a $195 million term loan and a $390 million revolving credit facility.
BMO Arranges $700MM Revolver for Comstock Resources
July 12, 2018
Comstock Resources obtained commitments from a syndicate of 13 banks for a new five year reserve-based revolving credit facility with an initial borrowing base of $700 million. BMO Capital Markets arranged the facility.
