J.P. Morgan Securities Archives

Blackstone Acquires Cvent in $4.6B Transaction

Cvent Holding Corp., a meetings, events and hospitality technology provider, entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone in a transaction valued at an enterprise value of approximately $4.6 billion.

Sumitovant Biopharma Completes Acquisition of Myovant Sciences

Sumitovant Biopharma completed its acquisition of Myovant Sciences originally announced Oct. 23, 2022. Sumitovant has acquired all outstanding shares of Myovant not already owned by Sumitovant in an all-cash deal with a total transaction value of approximately $1.7 billion.

Syndicate of Lenders Refinance Term Loan B and Upsize Revolver for Bowlero

Bowlero, an owner and operator of bowling centers, closed a $900 million term loan B. J.P. Morgan Securities, Wells Fargo Securities, Credit Suisse Securities and Deutsche Bank Securities served as deal managers.

February 9, 2023 Bowlero | Credit Suisse Securities | Deutsche Bank Securities | J.P. Morgan Securities | Wells Fargo Securities Ian Koplin

TIAA to Sell TIAA Bank to New Investors

TIAA entered into a definitive agreement to sell TIAA Bank to new investors with experience in financial services, including Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street and Bayview Asset Management.

Carlyle Global Credit and Owl Rock Capital Support Turn/River’s Acquisition of Tufin

Tufin completed its acquisition by Turn/River Capital in an all-cash transaction valued at approximately $570 million. Financing for the transaction is being provided by Carlyle Global Credit and Owl Rock Capital pursuant to a senior secured credit facility agented by Carlyle Global Credit.

JPMorgan Agents US Steel $1.75B Sustainability-Linked ABL Credit Facility Extension

United States Steel completed an amendment and restatement of its $1.75 billion asset-based sustainability-linked credit facility. JPMorgan Chase served as administrative agent.

Bank of America Leads Lender Group Providing $700MM Credit Facility to Sprouts Farmers Market

Sprouts Farmers Market closed a $700 million revolving credit facility under a credit agreement dated as of March 25. Bank of America acted as administrative agent, issuing bank and swingline lender for the facility.

Webster Financial and Sterling Bancorp Complete Merger

Webster Financial and Sterling Bancorp completed their previously announced merger. The combined company is a financial institution with a funding base that includes HSA Bank as well as consumer and commercial banking businesses.

Columbia State Bank and Umpqua Bank to Combine

Columbia Banking System, the parent company of Columbia State Bank, and Umpqua Holdings Corporation, the parent company of Umpqua Bank, entered into a definitive agreement under which the companies will join together in an all-stock combination.

Secured Finance Network Elects Leaders for Fiscal 2022

The Secured Finance Network (SFNet) added to its executive and management committees for fiscal year 2022. These leaders guide the association, make policy decisions, confirm new members and provide thought leadership in advocacy and education.

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