PostRock Energy announced its revolving credit facility was increased to $115 million. This represents a $20 million increase in the company’s borrowing base. Citibank led the transaction.
Wells Fargo, J.P. Morgan and Citibank ranked at the top of the 2013 Most Improved Reputation List that ranks financial services companies with the most improved reputations in a survey conducted by Echo Research for communications firm Makovsky.
World Fuel Services expanded its existing revolving credit facility. Bank of America Merrill Lynch, Wells Fargo Securities and HSBC Bank USA served as joint lead arrangers.
Paul Hastings represented Citibank, as administrative agent and collateral agent, and Citigroup Global Markets and J.P. Morgan Securities as lead arrangers in connection with Fieldwood Energy acquisition assets.
Snap-on Incorporated entered into a five-year, $700 million multi-currency revolver. J.P. Morgan Securities, Citigroup Global Markets and U.S. Bank acted as joint lead arrangers and joint bookrunners.
Arthur J. Gallagher & Co. announced it entered into a $600 million credit facility with several financial institutions, led by Bank of Montreal, BofA Merrill Lynch, Barclays, Citibank and JP Morgan Chase.
According to an SEC filing dated September 12, 2013, Caterpillar Financial Services entered into an unsecured aggregate revolving credit facility of up to $3 billion. Citibank acted as agent.
Golar LNG said it has executed a $1.125 billion financing to fund the first eight of its 13 newbuild vessels and FSRUs. Citibank was a member of the group shown as mandated lead arrangers for the facility.
Forest City said it expanded its revolver to $500 million. In addition to increased commitments from KeyBank and PNC, Citibank joined the bank syndicate.
PowerSecure International said it has taken advantage of the very favorable interest rate environment to secure a new $25 million term debt facility. PowerSecure said Citibank served as administrative agent and lender along with BB&T as a lender.