In a transaction valued at approximately $1 billion, Epiq Systems has entered into a definitive agreement to be acquired by OMERS Private Equity, the private equity arm of the OMERS pension plan and funds managed by Harvest Partners.
Sabre closed a $400 million revolver and a $600 million term loan. Bank of America Merrill Lynch served as the administrative agent and collateral agent for the transactions.
Baker Hughes entered into a new five-year $2.5 billion revolving credit facility that expires in July 2021. JP Morgan Chase served as administrative agent for the transaction.
BofA Merrill Lynch, Credit Suisse, Goldman Sachs, HSBC and JP Morgan have agreed to provide a credit facility to support Bayer’s proposed acquisition of Monsanto in a deal valued at approximately $65 billion. Bayer increased its bid in a recent proposal to shareholders.
Ashland subsidiary Valvoline entered into a $1.325 billion credit agreement, encompassing a $450 million revolver and a $875 million term loan with a lender group led by The Bank of Nova Scotia as administrative agent.
The Wall Street Journal reported that 20 of the world’s biggest banks have lost 25% of their aggregate market value — approximately $465 billion — according to data from FactSet.
JCPenney has completed the refinancing of its $2.25 billion term loan with a $1.69 billion term loan facility that has a lower interest rate and an extended maturity. JPMorgan Chase was lead arranger.
Dynegy completed the pricing of a term loan totaling $2 billion arranged by SunTrust Robinson Humphrey, Morgan Stanley, Deutsche Bank, Goldman Sachs, Mitsubishi UFJ, RBC Capital Markets, BNP Paribas and Credit Agricole.
Cardinal Health entered into an amended and restated five-year credit agreement with JPMorgan Chase Bank as administrative agent, joint lead arranger and joint book manager.
The Wall Street Journal said that on-demand driving service Uber will access the leveraged-loan market in the hopes of raising up to $2 billion.