BofA Securities Archives - Page 7 of 12

Patriot National Bancorp to Merge with American Challenger to Form Digital Bank

Patriot National Bancorp will acquire digital banking company American Challenger Development via a reverse subsidiary merger, with American Challenger surviving as a wholly-owned subsidiary of Patriot.

JPMorgan Chase-Led Syndicate Provides $10B to Support McAfee Acquisition

McAfee, a global provider of online protection, entered into a definitive agreement to be acquired by an investor group, which obtained a commitment from a JPMorgan Chase Bank-led syndicate for nearly $10 billion in debt financing to support the transaction.

JPMorgan Chase Provides Financing to Support Intuit’s Acquisition of Mailchimp

Intuit acquired Mailchimp for approximately $5.7 billion in cash as well as stock considerations. Intuit partially funded the cash consideration through a $4.7 billion term loan under a new credit agreement. According to an 8K, JPMorgan Chase served as administrative agent for the agreement.

JPMorgan, BofA, Barclays, Citibank and HSBC Extend and Expand Lear’s Revolver

Lear refinanced its existing credit facility, extending the maturity of the company’s revolving credit facility to October 2026 and increasing the facility’s size to $2 billion. Lenders under the new credit agreement include JPMorgan Chase Bank, BofA Securities, Barclays Bank, Citibank and HSBC Bank.

Blackstone, Apollo, KKR and Antares Support Thoma Bravo’s Acquisition of Medallia

Thoma Bravo completed its acquisition of Medallia in an all-cash transaction valued at $6.4 billion. Blackstone Credit, certain funds managed by affiliates of Apollo Capital Management, KKR Credit, Thoma Bravo Credit and Antares Capital are providing the debt financing for the transaction.

JPMorgan Chase-Led Syndicate Provides $1.5B Term Loan to AppLovin

AppLovin, a marketing software company, closed a seven-year, $1.5 billion term loan. JPMorgan Chase Bank, BofA Securities, KKR Capital Markets, Citigroup, Credit Suisse Loan Funding, Goldman Sachs Bank, Morgan Stanley Senior Funding and UBS Securities acted as joint lead arrangers for the facility.

J.P. Morgan and Others Support Clearlake’s Completed Acquisition of Cornerstone OnDemand

Clearlake Capital Group completed its acquisition of Cornerstone OnDemand. J.P. Morgan, BofA Securities, Ares, Golub Capital, Antares Capital, Barclays, Blue Owl, BMO Capital Markets, BNP Paribas, Credit Suisse, Goldman Sachs and Jefferies provided debt financing for the transaction.

JPMorgan Chase Agents $1.3B Credit Agreement for Healthcare Trust of America

Healthcare Trust of America and its operating partnership, Healthcare Trust of America Holdings, entered into a third amended and restated $1.3 billion revolving credit and term loan agreement. JPMorgan Chase Bank served as the administrative agent for the facility.

BMO Amends and Extends Revolving Credit Facility for Centerspace

Centerspace amended its existing $250 million revolving credit facility. The new facility includes an accordion feature for up to $400 million and matures in September 2025 with two optional six-month extensions. Bank of Montreal served as administrative agent for the facility.

BofA and RBC Amend and Extend $1.045B Credit Agreement for Ritchie Bros.

Ritchie Bros. amended and extended its $1.045 billion credit agreement, with BofA Securities and RBC Capital Markets serving as joint lead arrangers and joint bookrunners, Bank of America serving as administrative agent and the Royal Bank of Canada serving as syndication agent.

September 22, 2021 Bank of America | BofA Securities | RBC Capital Markets | Ritchie Bros. Sharon Driscoll | Royal Bank of Canada Ian Koplin

Tag Archives: BofA Securities