Tag Archives: J.P. Morgan

BancorpSouth Bank and Cadence to Combine in Merger Valued at More Than $6B

BancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, entered into a merger agreement under which the companies will combine in an all-stock merger with a total market value of more than $6 billion.

JPMorgan, Oaktree, Morgan Stanley Complete New $265MM Financing for NN

NN completed a new financing with J.P. Morgan, Oaktree Capital Management and Morgan Stanley Tactical Value to provide a $50 million asset-based credit line, a $150 million term loan and a $65 million preferred stock issuance, respectively. 

JPMorgan and Others Arrange $500MM ABL for NGL Energy Partners

JP Morgan Chase Bank served as issuing lender, joint lead arranger, joint bookrunner and the collateral and administrative agent on a $500 million asset-based revolving credit facility for NGL Energy Partners. The facility will be used to refinance existing debt.

Truist, Interbank, Nomura, Barclays Provide Financing for Thoma Bravo’s Investment in Venafi

Truist Securities, Interbank, Nomura Corporate Funding Americas and Barclays provided financing for private equity firm Thoma Bravo’s investment in Venafi, an inventor and provider of machine identity management.

Jacobs To Acquire Majority Stake in PA Consulting, Provide $975MM in Debt Financing

Jacobs is acquiring a 65% stake in PA Consulting and also providing debt financing in the form of a £650 million ($845 million) term loan and a revolving credit facility of up to £100 million ($130 million) to fund future growth.

J.P. Morgan Places $600MM Term Loan Offering for Concord

J.P. Morgan placed a $600 million term loan B offering with 90 investment firms for Concord, which will use the debt financing to partially pay down a revolving credit facility, allowing for additional capital availability for future acquisitions and working capital.

Barings BDC and MVC Capital Enter Merger Agreement

Barings BDC and MVC Capital entered into a definitive merger agreement. The combined company, which will remain externally managed by Barings, is expected to have more than $1.2 billion of investments on a pro forma basis. 

Hayfin Capital Management Provides MiMedx with $75MM in Debt Financing

Hayfin Capital Management will provide MiMedx with $75 million in debt financing, including a five-year term loan facility in the aggregate principal amount of $50 million and a one-year, delayed draw term loan facility in the aggregate principal amount of $25 million.

H.I.G. Capital Acquires Supply Source, Ares Provides Financing for Deal

An affiliate of H.I.G. Advantage, an investment affiliate of H.I.G. Capital, completed the acquisition of Supply Source Enterprises. Funds affiliated with Ares Management provided financing for the transaction.