Deutsche, Capital One, Fifth Third Support CryoLife Buy of JOTEC
CryoLife, a medical device and tissue processing company focused on cardiac and vascular surgery, entered into a definitive agreement to acquire JOTEC.
CryoLife, a medical device and tissue processing company focused on cardiac and vascular surgery, entered into a definitive agreement to acquire JOTEC.
Triangle Capital, a provider of capital to lower middle market companies, received a new commitment of $15 million from United Community Bank to its senior secured credit facility.
Pool Corporation amended its existing senior credit facility, increasing the borrowing capacity to $750 million from $465 million. Wells Fargo was administrative agent and joint lead arranger.
Fifth Third Bancorp named Eric Smith regional president of Fifth Third Bank in Chicago.
Allison Transmission entered into an incremental facility joinder agreement to its credit agreement in order to increase the available revolving commitments to $550 million. Citicorp was administrative agent.
AK Steel Holding closed a credit facility with Bank of America as administrative agent, consisting of a $1.285 billion asset-based revolver and a $65 million “first-in, last-out” asset-based facility.
Fifth Third can now purchase loans originated through ApplePie Capital’s franchise loan marketplace and joined ApplePie Capital’s SBA lender network.
United Leasing & Finance closed a $350 million, multi-year senior secured revolving credit facility with an accordion expansion to $475 million with Bank of America as agent.
Credit card processing company Vantiv entered into a transaction agreement with Fifth Third Bank to support its proposed acquisition of Worldpay Group. In addition to a share purchase, Fifth Third expanded Vantiv’s existing term loan to support the purchase.
Sycamore Partners will acquire Staples for $10.25 per share in cash, or approximately $6.9 billion. UBS Investment Bank, BofA Merrill Lynch, Deutsche Bank, Credit Suisse, Royal Bank of Canada, Jefferies, Wells Fargo Bank and Fifth Third Bank are providing debt financing for the transaction.