Deutsche, Key Bank and Square 1 Up OnDeck Credit Facility
OnDeck announced that it received funding commitments for credit facilities totaling over $130 million, with participation from Deutsche Bank, Key Bank and Square 1 Bank.
OnDeck announced that it received funding commitments for credit facilities totaling over $130 million, with participation from Deutsche Bank, Key Bank and Square 1 Bank.
Hilton Worldwide will launch a $5.85 billion credit at a bank meeting on September 17; proceeds will refinance existing debt in advance of Hilton’s initial public offering, sources told Thompson Reuters.
Groupe Casino said it has signed a five-year confirmed credit facility for $1 billion with a group of ten international banks. JPMorgan and RBS acted as the coordinating banks.
SS&C Technologies Holdings announced that it completed a repricing of its $620.2 million term B-1 loans and $64.2 million term B-2 loans. Deutsche Bank Securities acted as the lead arranger.
Specialty finance company TCP Capital announced it has secured a new $50 million revolver from Deutsche Bank AG. The facility contains an accordion feature which allows for expansion up to $100 million.
Bloomin’ Brands subsidiary OSI Restaurant Partners intends to seek a repricing of its existing $1 billion senior secured term loan B. Deutsche Bank Securities and Merrill Lynch will act as joint lead arrangers.
U.S. Bank has entered into an agreement to purchase the municipal bond trustee business of Deutsche Bank. The transaction will add $57 billion to the more than $3 trillion in assets currently under administration.
Leap Wireless’ Cricket Communications amended its existing credit agreement to provide for a new incremental term loan of up to $1.425 million. Deutsche Bank Securities, Merrill Lynch, UBS Securities and Citigroup Global Markets acted as the joint lead arrangers.
The Wall Street Journal reported that Deutsche Bank documents show for the first time the scope and manner in which a bank painstakingly constructed a string of trades in the hopes of profiting from small changes in various rates.