The Meet Group closed a new $60 million credit facility consisting of a $35 million term loan which was fully drawn at closing and a $25 million revolving line of credit for general corporate purposes.
Kraton Corporation amended its existing senior secured term loan facility. JP Morgan, Deutsche Bank and Credit Suisse acted as joint lead arrangers and joint bookrunners on the transaction.
Reuters reported Bank of America Merrill Lynch and JP Morgan are leading a €1.5 billion-equivalent ($1.77 billion) leveraged loan financing for Belron, a UK vehicle glass repair and replacement group.
Reuters reported that Morgan Stanley and JPMorgan led $4.75 billion in leveraged loan financing for computer security software company McAfee ahead of its upcoming IPO.
Brazos Midstream Holdings expanded its senior credit facility to $150 million in commitments from a syndicate of banks led by BOK Financial and Cadence bank as joint lead arrangers.
Fintech lender OnDeck has provided $3 billion in small business loans in eight years. Now the company is developing a new online product for banking giant JPMorgan Chase. Business lending is moving into the 21st century, and other banks are also dipping a toe in the fintech water.
Reuters reported banks changed the terms on a 7.6 billion euro ($10.36 billion) equivalent merger and refinancing loan for DE Master Blenders’ after investors protested. Arranging banks BofA Merrill Lynch, JP Morgan and Morgan Stanley were said to adjust the deal.
Outokumpu announced it completed a €900 million ($1.23 million) revolver. BNP Paribas, others acted as mandated lead arrangers and lenders of the new facility.
Reuters reported that bankrupt wireless communications firm LightSquared is seeking to raise exit financing, and targeting a $2 billion to 2.5 billion exit term loan, sources said.