Jefferies Credit Partners, a private credit manager and the asset management arm of Jefferies Finance, intends to launch a private placement of a business development company to enhance its lending capacity in the private credit space.
Brazos Midstream and its subsidiary, Brazos Delaware II, completed the issuance of a $800 million senior secured Term Loan B due February 2030. The company used the net proceeds from the Term loan, along with excess balance sheet cash, to repay its existing $830 million term loan B due May 2025.
Franchise Group, an owner and operator of franchised businesses, upsized its existing first lien term loan of $300 million. JPMorgan Chase Bank acted as lead left arranger for the financing.
CCC Intelligent Solutions completed the refinancing of its existing secured credit facility with a new credit agreement. Bank of America, JPMorgan Chase, Goldman Sachs, Citigroup, Barclays, Credit Suisse, Jefferies Finance and Morgan Stanley acted as joint lead arrangers and joint bookrunners for the facility.
Jefferies Credit Partners expanded its capital formation capabilities and its investor relations team with the addition of two senior hires, naming Charles Byrne the global head of sales and capital formation and Andrew Gordon the head of strategic accounts.
According to an 8K filed with the SEC, KeyBank is the administrative and collateral agent for a $125 million asset-based revolving line of credit and Jefferies Finance is the administrative and collateral agent for a $300 million term loan for PetIQ.
According to an 8K filed with the SEC, Jefferies Finance is serving as first lien administrative agent and first lien collateral agent for the repricing of Sotera Health’s first lien term loan facility. The changes to the facility will result in an effective reduction in current interest rates of 2.25%.
J.Jill entered into a transaction support agreement with lenders holding more than 70% of the company’s term loans on the principal terms of a financial restructuring that would result in a waiver of any past non-compliance with the terms of the company’s credit facilities.
According to an 8K filed with the SEC, CIT Finance and Jefferies Finance agreed to a further amendment to J.Jill’s forbearance agreement dated June 15, 2020, which extends the forbearance period by five days through Sept. 1.
According to an 8K filed with the SEC, CIT Finance and Jefferies Finance approved an extension to the existing forbearance agreements on J.Jill’s ABL and term loan credit facilities. The forbearance period was extended from July 23 to July 30.