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.
Deutsche, PNC Arrange FERRO Refi
April 27, 2018
Ferro closed on a new $820 million senior-secured term loan facility and increased its senior-secured revolving credit facility to $500 million. The company will use the proceeds to repay outstanding balances on its prior facility.
Deutsche Bank Agents Upsize of GCP Revolver to $350MM
April 12, 2018
GCP Applied Technologies increased the aggregate principal amount of its revolving credit facility to $350 million. Deutsche Bank, New York Branch acted as both administrative and collateral agent on the transaction.
Goldman Sachs Supports Grace Acquisition of Albemarle Unit
April 4, 2018
W. R. Grace completed the $416 million acquisition of the Polyolefin Catalysts business of Albemarle Corporation. To support the purchase, Goldman Sachs served as administrative agent for a seven-year, $950 million term loan and a five-year, $400 million revolving credit facility.
JPMorgan Agents $2.9B Avis Budget Group Facility Extension
February 21, 2018
Avis Budget Group extended the term of its $1.8 billion senior revolving credit facility for an additional two years to 2023. The company also extended the maturity of its $1.1 billion term loan for an additional three years to 2025, with no change in interest rate charged.
