Food giant McCormick acquired Reckitt Benckiser’s Food for $4.2 billion, subject to certain customary purchase price adjustments, adding iconic products like Frank’s RedHot Hot Sauce and French’s Mustard to the company’s menu of products.
Verint Systems completed a credit agreement with JPMorgan as administrative agent for $725 million, including a seven-year $425 million term loan and a five-year $300 revolving credit facility.
Caesars Entertainment and its Chapter 11 debtor subsidiaries finalized pricing of $1.435 billion of senior secured credit facilities, consisting of a $1.235 billion seven-year senior secured term loan facility and a $200 million five-year senior secured revolving credit facility.
Peabody Energy entered into a credit agreement for a $950 million term loan with Goldman Sachs Bank as administrative agent. The loan is part of Peabody’s exit financing as approved by the U. S. Bankruptcy Court for the Eastern District of Missouri.
Western Digital has successfully repriced €881 million ($952 million) of new Euro-denominated term B-2 loans. JPMorgan served as administrative agent for the transaction.
Integer Holdings, a medical device outsource manufacturer, completed an amendment to its senior secured credit facilities to lower the interest rate on its term B loan facility. M&T was administrative agent for the transaction.
GTT Communications completed its acquisition of Hibernia Networks, a provider of global, high-speed network connectivity solutions and owner of terrestrial and subsea fiber assets. KeyBank served as administrative agent for a $775 million credit facility to support the transaction.
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.
KPS Capital Partners agreed to sell its portfolio company Anchor Glass to funds advised by CVC Capital Partners and BA Glass.
ESH Hospitality, a subsidiary of Extended Stay America, is seeking to raise a new $350 million revolving credit facility to replace its existing $250 million revolving credit facility and a new $1.3 billion million term loan.