Citibank Agents Science Applications Facility Extension
Science Applications International entered into an amendment to its credit agreement with Citibank as administrative agent and collateral agent.
Science Applications International entered into an amendment to its credit agreement with Citibank as administrative agent and collateral agent.
Leidos Holdings completed its previously announced merger with Lockheed Martin’s Information Systems & Global Solutions (IS&GS) business in a Reverse Morris Trust transaction. Citibank agented credit facilities to Leidos and its subsidiary Splicto to support the transaction.
Consumer Portfolio Services renewed its two-year revolving $100 million credit agreement with Citibank.
Southwest Airlines entered into a new $1 billion five-year revolving credit facility with a syndicate of lenders led by JPMorgan Chase an Citibank as co-administrative agents.
Adient Global closed a $1.5 billion term loan A and a $1.5 billion revolving credit facility. The net proceeds are intended to be used to make approximately $3 billion in cash tranfers to Johnson Controls in connection with its spin-off.
AMG Advanced Metallurgical Group closed a new facility, increasing its borrowing ceiling from $320 million to $400 million. The maturity has been extended from May 2018 to July 2021. HSBC coordinated the financing.
Baker Hughes entered into a new five-year $2.5 billion revolving credit facility that expires in July 2021. JP Morgan Chase served as administrative agent for the transaction.
Ashland subsidiary Valvoline entered into a $1.325 billion credit agreement, encompassing a $450 million revolver and a $875 million term loan with a lender group led by The Bank of Nova Scotia as administrative agent.
Royal Caribbean Cruises entered into credit agreements for the financing of ships scheduled for delivery in fall 2018 and the first half of 2020. Citibank Europe served as facility agent.
Southwestern Energy entered into agreements with its bank group for its $2 billion revolver and its $750 million term loan to extend maturities and modify certain other terms and conditions of the facilities.