J.P. Morgan led a syndicate of 37 bank participants in increasing and extending Ares Capital’s revolving credit facility. The facility was increased by $240 million to $3.6 billion and the final maturity date was extended to March 30, 2025.
J.P. Morgan amended CalAmp’s existing $50 million credit facility, extending the maturity of the credit facility by two years. The original facility was entered into on March 30, 2018.
Morgan Stanley, J.P. Morgan, Bank of America, BNP Paribas and Goldman Sachs acted as joint lead arrangers and bookrunners on a $2.2 billion 364-day secured term loan facility for Royal Caribbean Cruises. Morgan Stanley also served as administrative and collateral agent.
J.P. Morgan provided a $10 million asset-based line of credit to Charlotte’s Web Holdings, a producer and distributor of hemp-derived cannabidiol (CBD) products.
J.P. Morgan, RBC Capital Markets and SunTrust Robinson Humphrey served as joint lead arrangers on an amendment to NMI Holdings senior secured revolving credit facility, which increased the revolving capacity to $100 million.
J.P. Morgan has expanded its Commercial Banking business with senior appointments to the Corporate Client Banking & Specialized Industries (CCBSI) team in Japan. Shotaro Akita has been hired to lead the team.
Michael Nagin joined J.P. Morgan’s Real Estate Banking (REB) group within Commercial Banking as executive director, covering Greater Los Angeles.
J.P. Morgan is expanding its Corporate Client Banking and Specialized Industries’ Specialty Finance Group within Commercial Banking in strategic markets across the U.S. with key hires.