BofA Merrill Lynch Leads $75MM North State Facility
North State completed a new $75 million credit facility. Bank of America Merrill Lynch led the lending syndicate that included CoBank, Fifth Third Bank, High Point Bank and TD Bank.
North State completed a new $75 million credit facility. Bank of America Merrill Lynch led the lending syndicate that included CoBank, Fifth Third Bank, High Point Bank and TD Bank.
Greenbacker Renewable Energy entered into a credit agreement of up to $37.55 million with Fifth Third Bank to support the ongoing expansion of Greenbacker’s investments in solar operating facilities.
Vonage Holdings, a provider of cloud communications services for businesses, completed the acquisition of privately-held Nexmo. JPMorgan Chase served as administrative agent for a $450 million credit facility to support the transaction.
MasterCraft Boat Company funded a special dividend through its existing cash and borrowings under a new credit facility agented by Fifth Third Bank.
Addus HomeCare closed a second amended and restated credit agreement providing for an increase of its revolving line of credit by $25 million to $100 million. Fifth Third Bank is administrative agent and a lender.
The merger agreement between Staples and Office Depot has been terminated. Simultaneously, JPMorgan Chase and Wells Fargo arranged a $1.2 billion five-year credit facility for Office Depot.
RealPage entered into an agreement to amend its revolving credit facility, including the addition of a $125 million accordion feature. Wells Fargo was lead arranger and administrative agent.
Adeptus Health closed on $175 million of new credit facilities with group of banks led by Bank of America Merrill Lynch as administrative agent.
Amedisys entered into a new $300 million secured credit facility with a syndicate led by Bank of America Merrill Lynch, JPMorgan Chase Bank, Fifth Third Bank and Citizens Bank.
Fifth Third reported Q2/15 earnings of $292 million was down 30% from $416 million a year earlier. The bank said it took a non-cash impairment charge of $97 million related to a downsizing of its branch network.