A subsidiary of Ares Management entered into a definitive agreement with a subsidiary of BrightSphere Investment Group and Landmark Investment Holdings to acquire 100% of Landmark Partners. The transaction is valued at $1.08 billion.
Charles Schwab completed its acquisition of TD Ameritrade. The integration of the two companies’ operations is expected to occur over the next 18 to 36 months.
Citibank served as administrative agent on an amendment to KB Home’s revolving credit facility, which increased the borrowing capacity to $800 million and extended the maturity date to October 2023.
Calpine entered into a new seven-year $750 million term loan facility. Credit Suisse served as administrative agent for the transaction.
Stonebriar Commercial Finance has allocated all bonds, confirmed pricing and is set to close its fifth commercial equipment asset-backed securitization, SCFET 2019-1, a $650 million ABS issuance.
Online image aggregator and social media platform Pinterest filed a proposal with the SEC for an initial public offering of its Class A shares. Goldman Sachs, J.P. Morgan Securities and Allen & Company will serve as lead joint book-running managers for the offering.
Pacific Drilling has made progress in connection with its Chapter 11 proceedings, including receiving a commitment from Credit Suisse Securities to support a $1.5 billion recapitalization of the company’s capital structure.
GMS agreed to acquire 100% of the equity interests of WSB Titan for total consideration of approximately $627 million. Barclays Bank, Credit Suisse and Credit Suisse Securities will provide debt financing to support the transaction.
Cereal maker Post completed a repricing of its existing approximately $2.2 billion term loan through an amendment to its credit agreement.
CNX Midstream Partners closed a new senior secured revolving credit facility, expanding their borrowing capacity to $600 million. PNC Bank served as both administrative and collateral agent on the transaction.