Adient Global closed a $1.5 billion term loan A and a $1.5 billion revolving credit facility. The net proceeds are intended to be used to make approximately $3 billion in cash tranfers to Johnson Controls in connection with its spin-off.
McGraw Hill Global Education entered into $1.925 billion new senior secured credit facilities. Credit Suisse served as administrative agent.
Alere closed new senior facilities totaling $1.95 billion. Goldman, GE Capital, J.P. Morgan Securities, DNB Markets, RBC Capital, HSBC Securities and Citizens Bank acted as joint lead arrangers.
Charter Communications announced its CCO Safari subsidiary entered into a $3.5 billion term loan, arranged by Goldman Sachs, BofA Merrill Lynch, Credit Suisse and Deutsche Bank, to finance a cable system from Comcast.
Wells Fargo Securities, Bank of America, Wells Fargo Bank, Merrill Lynch and others provided a $2.35 billion senior secured asset-based revolver and term-loan facility to J.C. Penney.
Paul Hastings announced it represented Citigroup Global Markets, J.P. Morgan, Deutsche, Merrill Lynch and Goldman Sachs Bank and Citibank in connection with the financing for Fieldwood Energy’s acquisition of certain oil and gas assets from SandRidge Energy.
Hologic announced the company completed a refinancing of its senior secured tranche B term loan facility. Goldman Sachs Bank acted as administrative and collateral agent.
Fieldwood Energy announced it completed its debt syndication efforts, resulting in an expansion of its existing debt facilities led by Citigroup, J.P. Morgan, Deutsche, BofA and Goldman.
Cloud Peak Energy announced it entered into a commitment letter with Morgan Stanley, PNC, Wells Fargo, JPMorgan Chase, Credit Suisse AG-Cayman Islands, Goldman Sachs, Royal Bank of Canada, and Credit Agricole Corporate and Investment Bank.
Newtek Business Services announced that its subsidiary SBA-licensed 7(a) non-bank lender, Newtek Small Business Finance, entered into a letter of commitment for a new revolving financing facility with Goldman Sachs.