Auto seating and electrical systems provider Lear entered into a new $2 billion credit agreement to refinance its existing facilities. The lenders included JPMorgan Chase, HSBC, BofA, Barclays and Citibank
Tahoe Resources amended its credit agreement with a syndicate of lenders led by the Bank of Nova Scotia, increasing revolving funds to $300 million and adding a $50 million accordion feature.
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.
Aviation company GA Telesis closed a new five-year, $225 million ABL credit facility led by HSBC Securities USA and Fifth Third Bank as joint lead arrangers and HSBC Bank as administrative agent.
Quintiles extended, upsized and repriced its term B loans, increasing the facility by around $600 million. Bank of America served as administrative agent.
Terex refinanced its existing senior secured credit facility with a new $850 million senior secured credit facility comprised of a $450 million revolving line of credit and a $400 million term loan. Credit Suisse was administrative agent for a syndicate of lenders.
Teleflex refinanced its credit facilities with JPMorgan as administrative agent, providing a $1 billion five-year revolver and a $750 million delayed draw loan to support the company’s acquisition of Vascular Solutions.
Reynolds Group Holdings is seeking to re-price its existing $3.3 billion and €249 million ($266 million) senior secured term loans. Credit Suisse serves as agent for the current loans.
Semtech closed a new credit agreement consisting of a senior secured term A loan facility in the amount of $150 million and a senior secured revolving credit facility in the amount of $250 million. HSBC served as administrative agent, swing line lender and L/C issuer.
ON Semiconductor closed the refinancing of its secured debt facilities which included a $200 million upsize to $2.4 billion. Deutsche Bank, Merrill Lynch, HSBC and BMO acted as joint lead arrangers.