Chesapeake Energy amended its senior secured revolving credit facility agreement, receiving initial commitments from 15 institutions totaling $3.8 billion, which exceeded the $3 billion borrowing base the company was seeking.
Allison Transmission entered into an incremental facility joinder agreement to its credit agreement in order to increase the available revolving commitments to $550 million. Citicorp was administrative agent.
AMC Entertainment entered into a fourth amendment to its credit agreement increasing its revolving loan commitment from $150 million to $225 million. Citicorp North America served as administrative agent.
US Foods Holding amended its credit facility to lower the margin on term loan borrowings to 2.75% per annum for LIBOR borrowings and 1.75% per annum for ABF borrowings.
Alpha Natural Resources anticipates a final order from the bankruptcy court authorizing the use of $692 million in DIP financing. Citigroup Global Markets was said to be the lead arranger for the lenders.
Alpha Natural said it borrowed $445 million under an amended credit agreement with a lender group led by Citicorp as administrative agent and collateral agent.