CSW Industrials announced the closing of a 5-year, $250 million revolving credit facility, with an additional $50 million accordion feature. The facility was arranged by JPMorgan Chase and SunTrust Robinson Humphrey.
ABF Journal illustrator Jerry Gonzalez provides his take on The Second Circuit Court of Appeals denying JP Morgan Chase’s petition for a hearing en banc regarding a prior decision on the mistaken termination of UCC financing statements securing its $1.5 billion loan to General Motors, resulting in a major victory for GM’s unsecured creditors.
USA Compression Partners announced the closing of a fifth amended and restated credit agreement. JPMorgan Chase acted as agent and LC issuer.
Opus Bank announced that Grant Word joined Opus Bank as senior vice president and senior managing director, Commercial Business Banking for Opus’ Pacific Northwest Region.
A coalition of investors has filed a shareowner proposal calling on JPMorgan Chase to name an independent board chairman who would be responsible for overseeing the company’s CEO.
Revel AC completed the amendment to its existing revolving credit facility with JP Morgan Chase as administrative agent. The amendment added a new $125 million term loan and an increase of $25 million in the existing revolving commitments.