TeleTech secured a $900 million credit facility with an accordion feature to increase up to $1.2 billion. Wells Fargo Securities, Bank of America Merrill, BBVA Compass, HSBC, Bank of the West and KeyBank served as joint lead arrangers.
AAC Holdings closed a $125 million senior facility led by Bank of America Merrill Lynch and SunTrust Robinson Humphrey as joint bookrunners and joint lead arrangers.
KPS Capital Partners’ portfolio company Electrical Components International entered into a definitive agreement to acquire Global Harness Systems. BofA Merrill Lynch and GE Capital Markets acted as lead arrangers on the acquisition financing.
Reuters reported that Deutsche Bank and BofA Merrill were said to be leading refinancing discussions on a $12 billion debt package to refinance existing borrowings ahead of an IPO expected in the first half of 2014.
Kodak closed a new five-year $200 million ABL revolver. Together with the previously announced $695 million exit term loan, the company has up to $895 million in exit financing. BofA Merrill, Barclays and J.P. Morgan were joint lead arrangers.
The Financial Times reported that former Goldman Sachs partner and institutions specialist Luigi Rizzo will join Bank of America as head of its M&A business in Europe, the Middle East and Africa.