The Meet Group closed a new $60 million credit facility consisting of a $35 million term loan which was fully drawn at closing and a $25 million revolving line of credit for general corporate purposes.
Bank of America reportedly hired Jeffrey Peek, who ran commercial lender CIT Group for six years, as an executive vice chairman in the global investment bank.
Waste Industries USA announced it completed a $975 million refinancing of its existing senior secured credit facility. The new facility was led by Bank of America and joint lead arrangers SunTrust, Credit Suisse and Macquarie Capital.
Mitel entered into a merger agreement with Mavenir. Mitel received financing commitments from BofA Merrill Lynch and Credit Suisse AG of approximately $700 million to support the transaction.
The Federal Bureau of Investigation announced that a former senior vice president at Bank of America pleaded guilty to misapplication of bank funds in a scheme that led to more than $6.4 million in losses to BOA.
Bank of America said its Q3/14 financial results will be adjusted to include a $400 million litigation expense related to its foreign exchange business that will result in a net loss of $232 million.
Verisk Analytics said it expanded its revolver from $850 million to $975 million. According to an 8-K filing, Bank of America served as administrative agent, swing line lender and L/C issuer in the amendment.
Rent-A-Center said it intends to refinance its senior credit facility with $850 million in new debt. A lender group led by JPMorgan Chase is currently providing a $750 credit facility which matures in July 2016.
Huron Consulting Group announced it amended its senior secured credit facility. Among other terms, the amendment extends the maturity date of the facility from August 31, 2017 to September 25, 2018.
Varian Medical Systems entered into a credit agreement with BofA of up to $500 million. Merrill Lynch, Pierce, Fenner & Smith, Sumitomo Mitsui and Wells Fargo are joint lead arrangers.