Forever 21 has commenced a voluntary Chapter 11 filing in the U.S. Bankruptcy Court. JPMorgan Chase has agented $275 million in financing to support the company’s restructuring.
JPMorgan Chase Bank served as the administrative agent on a new $625 million revolving credit facility for Briggs & Stratton, the world’s largest producer of gasoline engines for outdoor power equipment.
Newpark Resources amended and extended its outstanding credit agreement, increasing its asset-based revolving loan from $150 million to $200 million and reducing applicable borrowing rates.
SEACOR Holdings entered into a five-year revolving loan facility allowing for borrowings of up to $125 million. JPMorgan Chase Bank acted as administrative agent and security trustee for the lenders.
Fortress Transportation and Infrastructure Investors amended its existing credit agreement with JPMorgan Chase Bank as administrative agent, increasing the aggregate revolving commitments under the facility from $125 million to $250 million.
Masonite International entered into a new amended and restated $250 million asset-based revolving credit facility. Wells Fargo acted as administrative agent on the transaction.
Bank of America, JPMorgan Chase Bank, Barclays Bank and Citigroup Global Markets signed a commitment letter to provide $5.5 billion in senior secured super-priority DIP credit facilities to support PG&E through its bankruptcy process.
JPMorgan Chase Bank acted as sole bookrunner and, alongside Bank of America Merrill Lynch, joint lead arranger on $145 million in strategic financing for mobile game developer Jam City.
Wells Fargo Bank acted as administrative agent, collateral agent and term loan agent on a new $25 million term loan for Stage Stores, bringing the total availability under the company’s senior secured revolver to $475 million.
QVC refinanced its senior secured credit facility, replacing its $2.65 billion bank credit facility with a new $3.65 billion revolver. JPMorgan Chase Bank served as administrative agent on the transaction.