Goldman, Others Lead Twitter $1B IPO Revolver
Reuters reported that Twitter is finalizing a $1 billion revolving credit facility ahead of its expected initial public offering, sources told Thomson Reuters.
Reuters reported that Twitter is finalizing a $1 billion revolving credit facility ahead of its expected initial public offering, sources told Thomson Reuters.
J.P. Morgan Securities. J.P. Morgan Securities, Goldman Sachs and BMO Capital Markets provided financing to support Darling International’s acquisition of Vion Ingredients shares, a division of Vion Holding.
Bloomberg reported that J.C. Penney announced the sale of 84 million shares to raise cash. The value of the sale would be about $1 billion based on yesterday’s closing share price.
Hilton Worldwide will launch a $5.85 billion credit at a bank meeting on September 17; proceeds will refinance existing debt in advance of Hilton’s initial public offering, sources told Thompson Reuters.
The Wall Street Journal reported that General Electric is preparing to spin off its retail lending unit that issues store credit cards for 55 million Americans.
Tenaska Capital Management today announced the closing of an approximately $370 million secured credit facility for three PJM natural gas-fueled peaking electric generating plants managed by TCM. Goldman Sachs, Bank of America Merrill Lynch and UBS led the financing.
Bloomberg reported that Toys “R” Us is seeking a $985 million term loan to refinance some of its existing bonds. Goldman Sachs was said to be leading the financing.
Reuters reported that GE is looking to sell its CareCredit healthcare financing business in a deal that may be valued at about $2 billion.
Capital Access Network set a new monthly record in May by providing small businesses access to $66 million of working capital. Also, CAN expanded its credit line to nearly $500 million with WFCF, Goldman, Fifth Third and Capital One.
Bloomberg reported that Arcapita Bank is considering a revised exit financing agreement from Fortress Credit, which would compete with an existing proposal from Goldman Sachs.