Wells Fargo, Fifth Third, Others Support Sycamore Staples Buy

Sycamore Partners will acquire Staples for $10.25 per share in cash, or approximately $6.9 billion. UBS Investment Bank, BofA Merrill Lynch, Deutsche Bank, Credit Suisse, Royal Bank of Canada, Jefferies, Wells Fargo Bank and Fifth Third Bank are providing debt financing for the transaction.

Jefferies Agents $855MM Everi Refi

Everi Payments refinanced its existing credit agreement, closing a $35 million five year senior secured revolving credit facility and an $820 million seven-year secured term loan. Jefferies served as administrative agent.

Reuters: Highly Leveraged U.S. Deals Still in Demand

Reuters reported that regulatory scrutiny hasn’t slowed banks and alternative lenders from underwriting highly leveraged U.S. loans, with one third of buyout loans in Q1/17 having leverage of more than 7.0 times.

Morgan Stanley, Barclays, Jefferies Others Support Clearlake Acquisition

Clearlake Capital will acquire LANDESK from Thoma Bravo. Fully committed financing for the transaction was provided by Morgan Stanley Senior Funding, Barclays, Jefferies, Golub Capital, Macquarie and Nomura.

Jefferies Finance Names Brady Next President

Jefferies Finance named Tom Brady as its next president, following the retirement of current president Carl Toriello on November 30, 2016.

Jeffries Agents $600MM Term Loan to Support Amplify Acquisition

Amplify Snack Brands completed the acquisition of Crisps Topco and subsidiaries. The company financed the cash portion of the deal with the proceeds of a $600 million term loan agented by Jefferies.

Credit Suisse, Jefferies, UBS Support Avast Acquisition of AVG

Avast Software and AVG Technologies have entered into a purchase agreement in which Avast will offer to purchase all of the outstanding ordinary shares of AVG for $25.00 per share in cash, for a total consideration of approximately $1.3 billion.

WSJ: GT Advanced Lenders Offer $80MM Bankruptcy Exit Loan

The Wall Street Journal reported that existing lenders of GT Advanced Technologies, including Citigroup, have offered $80 million in bankruptcy-exit financing.

Goldman Sachs, Others Provide $2.0B+ to Support Concordia Buy

Concordia Healthcare entered into debt financing transactions totaling more than $2 billion with Goldman Sachs, Credit Suisse and RBC in connection with its acquisition of Amdipharm Mercury.

Jefferies to Book Loss on Toms Shoes Debt

The Wall Street Journal reported that global investment bank Jefferies Group could lose up to $15 million on debt backing Bain Capital’s Toms Shoes investment while it struggles to sell the loans.