WFCF, Others Lead JCPenney $2.35B Facility
J. C. Penney Company announced it closed its new $2.35 billion asset-based senior secured credit facility co-led by Wells Fargo, Bank of America Merrill Lynch, J.P. Morgan, Barclays and Goldman Sachs.
J. C. Penney Company announced it closed its new $2.35 billion asset-based senior secured credit facility co-led by Wells Fargo, Bank of America Merrill Lynch, J.P. Morgan, Barclays and Goldman Sachs.
Bank of America Merrill Lynch, Goldman Sachs and J.P. Morgan are tied for the number-one spot among brokers in U.S. Equity Trading as of early Q1 2014.
Tricon Capital Group announced an increase in its corporate credit facility to $105 million. The credit facility was led by the Royal Bank of Canada as administrative agent.
Fieldwood Energy announced it completed its debt syndication efforts, resulting in an expansion of its existing debt facilities led by Citigroup, J.P. Morgan, Deutsche, BofA and Goldman.
OddLot Entertainment announced it closed a $50 million revolver with J.P. Morgan and Comerica as co-lead arrangers. The facility cn be increased up to $150 million.
Comcast and Time Warner Cable announced their boards of directors approved a definitive agreement for Time Warner Cable to merge with Comcast. J.P. Morgan, others acted as advisors.
Silver Bay Realty Trust announced an amendment to its facility that increases its borrowing capacity to $350 million from $200 million. BofA Merrill Lynch and J.P. Morgan acted as joint lead arrangers.
The Wall Street Journal reported M*Modal, which J.P. Morgan’s One Equity Partners acquired about 18 months ago in a leveraged buyout, is turning to restructuring advisers as it handles buyout debt, citing people familiar with the matter.
Focus Financial announced the close of a $400 million credit facility. Bank of America, others supported the new facility that can be increased by $150 million through the utilization of an accordion feature.
Textron announced it agreed to pay $1.4 billion to acquire Beechcraft. The company said J.P. Morgan served as exclusive financial adviser and will provide financing to support the deal.