Apollo Global Management Pays $5B for Verizon Media

Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.

May 5, 2021 Apollo Global Management | Barclays | BMO Capital Markets | David Sambur | Deutsche Bank | Freshfields Bruckhaus Deringer | Goldman Sachs | Guru Gowrappan | Hans Vestberg | Kirkland & Ellis | LionTree | Mizuho Securities USA | Paul Weiss Rifkind Wharton & Garrison | RBC Capital Markets | Reed Rayman | Verizon Ian Koplin

BMO Transitions Gibson Energy’s Credit Facility to Diversity- and ESG-Linked Loan

BMO Financial Group amended an existing credit facility for Gibson Energy that introduces a margin adjustment incentive mechanism tied to Gibson’s commitment to reduce carbon emissions and increase the representation of women as well as racial and ethnic minority representation in its workforce and on its board.

April 29, 2021 BMO Capital Markets | BMO Financial Group | Gibson Energy | Jonathan Hackett | Sean Brown Phil Neuffer

BMO and BofA Extend and Add Sustainability Goals to JLL’s $2.75B Credit Facility

BMO Capital Markets and BofA Securities amended Jones Lang LaSalle’s $2.75 billion bank credit facility with a new five-year term that extends the maturity from May 2023 to April 2026. In addition, the facility includes incentives linked to achieving certain sustainability goals.

April 16, 2021 BMO Capital Markets | BofA Securities | HSBC Securities | Jones Lang LaSalle | JPMorgan Chase Bank | Karen Brennan | Wells Fargo Securities Ian Koplin

JPMorgan Chase Arranges Refinancing of Yesway’s Credit Facilities

Yesway, a convenience store chain in the United States, completed the refinancing of its term loan and revolving credit facilities in the amount of $410 million and $125 million, respectively. JPMorgan Chase Bank acted as the lead arranger and lead bookrunner for the facilities.

April 7, 2021 Barclays Bank | BMO Capital Markets | Goldman Sachs Bank | JPMorgan Chase Bank | Morgan Stanley Senior Funding | Tom Trkla | Yesway Ian Koplin

BofA Agents WEX Facility Upsize to $1.9B

WEX, a financial technology service provider, amended and restated its credit facility. The lenders agreed to a restatement agreement that increases commitments under WEX’s revolving credit facility from $870 million to $930 million.

April 5, 2021 Bank of America | BMO Capital Markets | BofA Securities | Citizens Bank | Mizuho Securities USA | MUFG Bank | Santander Bank | Truist Securities | Wells Fargo Securities | WEX Ian Koplin

Annaly Sells Commercial Real Estate Business to Slate for $2.33B

Annaly Capital Management entered into a definitive agreement to sell its commercial real estate business to Slate Asset Management, a global investment and asset management firm focused on real estate. The transaction is valued at $2.33.

March 26, 2021 Annaly Capital Management | BMO Capital Markets | David Finkelstein | Evercore | Goodwin Procter | McCarthy Tetrault | Michael Quinn | Ropes & Gray | Slate Asset Management | Timothy Gallagher Ian Koplin

BMO Harris Supplies $200MM Revolver to Digi International

Digi International entered into an amended and restated credit agreement with BMO Harris Bank as administrative agent and collateral agent. The new facility provides Digi with a $200 million senior secured revolving credit facility with an option to increase the size of the facility by $75 million.

March 22, 2021 BMO Capital Markets | BMO Harris Bank | Citizens Bank | Digi International | Jamie Loch | Silicon Valley Bank | U.S. Bank Phil Neuffer

Harsco Refinances Term Loan, Extends Revolver with Aid from Goldman Sachs, Others

A syndicate of banks including Goldman Sachs acted as joint bookrunners and joint lead arrangers in connection with a new term loan B facility of $500 million as part of Harsco’s amendment to its senior secured credit agreement.

March 11, 2021 BMO Capital Markets | BofA Securities | Citigroup Global Markets | Fifth Third Bank | Goldman Sachs | Harsco | HSBC Securities | Pete Minan | PNC Capital Markets | RBC Capital Markets/Royal Bank of Canada Phil Neuffer

Just Energy Secures $125MM DIP Financing as Part of Bankruptcy Filings

Just Energy Group received creditor protection from the Ontario Superior Court of Justice and is seeking similar protection under Chapter 15 of the U.S. Bankruptcy Code. Just Energy also reached an agreement for a $125 million DIP financing.

March 10, 2021 BMO Capital Markets | Fasken Martineau DuMoulin | FTI Consulting Canada | Jackson Walker | Just Energy Group | Kirkland & Ellis | Osler Hoskin & Harcourt Phil Neuffer

Abacus Promotes Lee to VP, Wise and Rendell to Associates

Abacus Finance Group promoted Joseph Lee from senior associate to vice president and Jacob Wise and Austin Rendell from analysts to associates.

January 11, 2021 Abacus Finance | Austin Rendell | BMO Capital Markets | BMO Harris Bank | GE Capital | General Electric | Jacob Wise | Joseph Lee | Tim Clifford Phil Neuffer