JP Morgan Archives - ABFJournal

JP Morgan Closes $200MM Incremental Loan Under Walker & Dunlop’s Term Loan Facility

Walker & Dunlop closed a $200 million incremental loan under its senior secured term loan facility. The incremental term loan bears interest at a rate equal to adjusted Term SOFR plus 3.00% per annum and matures in December 2028. JP Morgan served as administrative agent and lead arranger.

January 13, 2023 Alliant Capital | JP Morgan | Walker & Dunlop Ian Koplin

JP Morgan Leads Upsize of $200MM for Senior Secured Term Loan with Walker & Dunlop

Walker & Dunlop announced plans to borrow an incremental $200 million under its senior secured term loan agreement, increasing the total outstanding principal balance to $795 million.

December 13, 2022 Alliant Capital | JP Morgan | Walker & Dunlop Ian Koplin

Ares Capital Increases and Extends Revolving Credit Facility with 39 Lenders

Ares Capital increased commitments under its revolving credit facility to approximately $4.8 billion and extended the final maturity date. The facility is led by JP Morgan, Bank of America, Truist, MUFG Bank, SMBC and Wells Fargo and includes a total of 39 lenders.

SVB and JP Morgan Provide $75MM Revolver to SmartRent

SmartRent entered into a $75 million senior secured revolving credit facility with a five-year term. Silicon Valley Bank, serving as lead arranger and administrative agent, and J.P. Morgan provided the facility.

December 14, 2021 JP Morgan | Lucas Haldeman | Silicon Valley Bank | SmartRent Ian Koplin

Citi and SEB Provide $1.12B Sustainability-Linked Revolving Credit Facility to Electrolux

Electrolux signed an agreement for an inaugural sustainability-linked revolving credit facility of €1 billion ($1.12 billion). The coordinating bookrunners and mandated lead arrangers for the facility are Citi and SEB.

Wells Fargo Leads Credit Facility Refinance for The Children’s Place

The Children’s Place refinanced its revolving credit facility and term loan with a new lending group led by an affiliate of Wells Fargo. The new debt consists of a revolving credit facility with $350 million of availability and a $50 million term loan.

Morgan Stanley Leads $450MM in Financing for Virtus Investment Partners

Virtus Investment Partners completed the refinancing of its existing credit agreement with a $275 million term loan and $175 million revolving credit facility. Morgan Stanley arranged the term loan as the lead arranger and bookrunner and the credit facility as lead arranger and administrative agent.

Tupperware Brands Prepays $58MM Term Loan Debt from Angelo Gordon and JP Morgan

Tupperware Brands prepaid $58 million of its term loan debt from Angelo Gordon and JP Morgan. In addition, its board of directors authorized share repurchases of up to $250 million of the company’s outstanding shares of common stock.

June 22, 2021 Angelo Gordon | JP Morgan | Sandra Harris | Tupperware Brands Ian Koplin

Fortress Investment, STORY3, Blue Torch Provide $275MM Term Loan to Land’s End

Land’s End secured a $275 million term loan with a lending group consisting of affiliates of Fortress Investment Group, STORY3 Credit Partners and Blue Torch Capital. In addition, maximum availability under Land’s End’s ABL facility was expanded to $275 million.

Bank of America Arranges $3.15B Asset-Based Credit Agreement for Macy’s

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.

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