Goldman Sachs Amends Entegris ABL
Entegris amended its ABL credit and guaranty agreement dated April 30, 2014 with Goldman Sachs Bank as administrative agent. Among other things, the amendment extends the maturity date to March 2, 2023.
Entegris amended its ABL credit and guaranty agreement dated April 30, 2014 with Goldman Sachs Bank as administrative agent. Among other things, the amendment extends the maturity date to March 2, 2023.
GTT Communications agreed to acquire Interoute for approximately €1.9 billion ($2.3 billion) in cash. Goldman Sachs, Credit Suisse and SunTrust Bank, among others, will provide debt financing for the transaction.
Multi-metals business Nyrstar refinanced its existing €500 million ($592.38 million) multi-currency structured commodity trade finance facility due to expire in June 2019 with a one year runoff period starting in June 2018.
Jersey City Funding, a subsidiary of Strategic Credit Opportunities Partners, entered into a credit agreement with Goldman Sachs Bank USA providing for a $250 million revolving credit facility.
Sherwin-Williams entered into an agreement for a revolving letter of credit of up to $250 million. Goldman Sachs served as administrative agent.
Discovery Communications amended an existing credit agreement with Bank of America as administrative agent to support its recent acquisition of Scripps Network. Discovery also closed a new term loan with Goldman Sachs as agent to pay for a portion of the acquisition.
Global fashion brand Michael Kors Holdings is acquiring luxury footwear and accessories brand Jimmy Choo in a transaction valued approximately $1.350 billion. JPMorgan Chase and Goldman Sachs have committed to provide bridge loans to support the acquisition.
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.
Levi Strauss amended its credit facility administered by JPMorgan to extend the maturity date to May 2022 and reduce the borrowings interest rate from LIBOR + 120-200 basis points to LIBOR +125-175 basis points.
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.