The PNC Financial Services Group and the Spanish financial group, Banco Bilbao Vizcaya Argentaria, signed a definitive agreement for PNC to acquire BBVA USA Bancshares, including its U.S. banking subsidiary, BBVA USA, for a purchase price of $11.6 billion.
Baldwin Risk Partners, a subsidiary of BRP Group, priced a loan syndication for a new $400 million senior secured first lien term loan facility maturing in 2027 and a new $400 million senior secured first lien revolving credit facility maturing in 2025.
According to an 8K filed with the SEC, Bank of America served as administrative and collateral agent on a $2.4 billion asset-based revolving credit facility in connection with the merger of WillScot and Mobile Mini.
Red Robin Gourmet Burgers raised approximately $30 million through its “at-the-market” equity offering program, satisfying the terms of its amended credit agreement. According to an 8K filed with the SEC, Wells Fargo served as administrative agent for the credit agreement.
BNP Paribas, Handelsbanken and Nordea acted as coordinating mandated lead arrangers and bookrunners for a €750 million revolving credit facility for UPM.
Maersk secured a new sustainability-linked revolving credit facility of $5 billion through a syndicate of 26 selected banks.
Calpine entered into a new seven-year $750 million term loan facility. Credit Suisse served as administrative agent for the transaction.
European Coca-Cola bottler Coca Cola HBC and Coca-Cola HBC Finance increased their €500 million ($556 million) syndicated multi-currency revolving credit facility to €800 million ($860 million).
Online image aggregator and social media platform Pinterest filed a proposal with the SEC for an initial public offering of its Class A shares. Goldman Sachs, J.P. Morgan Securities and Allen & Company will serve as lead joint book-running managers for the offering.
ING Bank and J.P. Morgan Securities, among others, acted as manadated lead arrangers and bookrunners on a €600 million ($683 million), five year revolving credit facility for Worldline.