Citibank Agents $1.25B Facility for Stanley Black & Decker
Stanley Black & Decker entered into a 364-day credit agreement consisting of a $1.25 billion revolving credit loan with a sub-limit of an amount equal to euro equivalent of $400 million.
Stanley Black & Decker entered into a 364-day credit agreement consisting of a $1.25 billion revolving credit loan with a sub-limit of an amount equal to euro equivalent of $400 million.
Teledyne Technologies amended its credit agreement. Up to $385 million was made available to fund the cash consideration pursuant to its acquisition of e2v. Bank of America served as administrative agent.
A four-year investigation by New York Attorney General Eric T. Schneiderman revealed Citigroup Capital Global Markets overcharged more than 47,000 of its customers more than $22.5 million in fees. Citi has agreed to return the customer fees and pay a $1 million penalty to the state.
Sanchez Energy and funds managed by Blackstone Energy Partners entered a strategic 50/50 partnership and agreed to acquire Anadarko Petroleum’s working interest in the Western Eagle Ford for approximately $2.3 billion.
HSBC, JPMorgan and Societe Generale have joined a $1.85 billion-equivalent loan financing to support GoDaddy’s acquisition of peer Host Europe Group.
Magellan Health entered into a credit agreement with The Bank of Tokyo-Mitsubishi UFJ and a syndicate of banks that provides for a $200 million delayed draw term loan to subsidiary Magellan Pharmacy Services.
Global Eagle Entertainment refinanced its existing credit facilities with a new $500 million senior secured term loan facility and a new $85 million senior secured revolving credit facility. Citibank was administrative agent.
Atkore International Group refinanced its existing $642 million in term loan facilities with an amended $500 million new term loan facility. Deutsche Bank served as administrative agent for the bank syndicate.
j2 Global and its subsidiary Ziff Davis completed the acquisition of Everyday Health. MUFG served as administrative agent for a $225 million credit facility to support the transaction.
NiSource amended and restated its revolving credit facility, increasing its existing $1.5 billion revolver by $350 million to $1.85 billion.