Entravision, a global advertising solutions, media and technology company, entered into a $275 million credit facility, consisting of a $200 million term loan A and a $75 million revolving credit facility.
Triad Manufacturing completed a refinancing with J.P. Morgan Chase Bank. FocalPoint Securities served as the exclusive investment banker to the company.
Marketing firm Catalina filed for Chapter 11 bankruptcy to implement a pre-packaged restructuring transaction. J.P. Morgan Chase is serving as administrative agent on a $125 million DIP facility to support the company’s operations.
Goosehead Insurance Holdings entered into a new $40 million term note payable and $13 million revolving credit facility agreement. J.P. Morgan served as sole bookrunner for the transaction.
FTI Consulting said it entered into a $550 million senior secured revolver which amends and extends the maturity date of the company’s existing $350 million credit facility.
The banks underwriting Twitter’s upcoming initial public offering have officially agreed to lend it as much as $1 billion over the next five years, according to an SEC filing.
The Wall Street Journal reported that J.P. Morgan Chase and the Justice Department have expanded settlement talks to include multiple pending probes, with the bank offering to pay about $3 billion, according to people familiar with the discussions.
The Wall Street Journal reported that although J.P. Morgan Chase is preparing to pay at least $800 million in “London whale” fines, the Commodity Futures Trading Commission is investigating whether the bank manipulated a market index tied to corporate bonds.
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.