Bank of America is serving as the administrative agent and lead arranger of a new $3.15 billion asset-based credit agreement for Macy’s. The agreement is part of $4.5 billion in new financing for Macy’s.
JP Morgan is serving as administrative agent on a $350 million senior credit facility in connection with the merger of Eros International and STX Entertainment.
Bank of America, JP Morgan and Truist completed an amendment to Sally Beauty’s existing secured asset-based revolving line of credit, increasing the borrowing capacity by $120 million to $620 million.
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.