JPMorgan Chase Bank Archives

Summit Hotel Properties Completes $200MM Join Venture Credit Facility Refinancing

Summit Hotel Properties’ joint venture with GIC, Singapore’s sovereign wealth fund, has successfully completed the refinancing of its $200 million senior credit facility.

JPMorgan Chase Arranges $185MM Term Loan for Harmony Biosciences

Harmony Biosciences entered into a new $185 million senior secured term loan facility with a bank syndicate. JPMorgan Chase Bank is serving as administrative agent and also acted as bookrunner and lead arranger for the term loan facility.

July 28, 2023 Harmony Biosciences | Jeffrey M. Dayno | JPMorgan Chase Bank Phil Neuffer

JPMorgan Chase Arranges $150MM Revolving Credit Facility for ChargePoint

ChargePoint, an electric vehicle charging network, entered a new credit agreement that provides for a $150 million revolving credit facility led by JPMorgan Chase Bank as administrative agent and joint lead arranger.

Syndicate of Lenders Amends Term Loan to $900MM for Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, an owner and operator of entertainment and dining venues, amended its credit agreement, achieving favorable pricing and upsizing the term loan B facility to $900 million.

Wells Fargo, PNC and BMO Provide $650MM Credit Facility to Service Properties Trust

Service Properties Trust entered into a $650 million secured revolving credit facility. Wells Fargo Securities, PNC Capital Markets and BMO Harris Bank are the joint lead arrangers and joint lead bookrunners for the credit facility.

JPMorgan Chase Bank Provides $90MM Asset-Based Credit Facility to Myriad Genetics

Myriad Genetics, a provider of genetic testing and precision medicine, established a $90 million asset-based credit facility with JPMorgan Chase Bank as administrative agent and issuing bank.

July 7, 2023 Bank of America | JPMorgan Chase Bank | Myriad Genetics | Wells Fargo Bank Ian Koplin

JPMorgan Chase Bank Amends and Extends Credit Facility for KLX Energy Services Holdings

KLX Energy Services Holdings entered into a fourth amendment to the credit agreement governing the company’s asset-based lending facility, led by JPMorgan Chase Bank, which amends KLX’s existing credit agreement, dated as of Aug. 10, 2018.

June 22, 2023 JPMorgan Chase Bank | Keefer Lehner | KLX Energy Services Holdings Ian Koplin

PNC and Wells Fargo Upsize ABL Facility for Concrete Pumping to $225MM

Concrete Pumping amended and restated an existing ABL credit agreement for a subsidiary to provide up to $225 million (previously $160 million). The $50 million in incremental commitments was provided by PNC Bank, which joined the facility as a joint lead arranger, while $15 million in incremental commitments was provided by JPMorgan Chase.

June 6, 2023 Brundage-Bone Concrete Pumping Holdings | Concrete Pumping Holdings | Iain Humphries | JPMorgan Chase Bank | PNC Bank Ian Koplin

JPMorgan Chase Upsizes HASI’s Revolver to $840MM

Hannon Armstrong Sustainable Infrastructure Capital (HASI), an investor in climate solutions, amended its revolving credit facility, increasing the committed line under the revolving credit facility by $240 million to $840 million. JPMorgan Chase Bank is the administrative agent for the facility.

Syndicate of Lenders Support Ironwood Pharmaceuticals’ Acquisition of VectivBio

Ironwood Pharmaceuticals entered into a definitive agreement to acquire VectivBio for an estimated aggregate consideration of approximately $1 billion. Citibank, Citizens Bank, JPMorgan Chase, Royal Bank of Canada and Wells Fargo provided financing for the transaction.

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