Federal Signal, a provider of environmental and safety solutions, completed a new five-year, $800 million credit facility to replace its existing $500 million credit facility. Wells Fargo will serve as administrative agent, swingline lender and issuing lender for the facility.
Callon Petroleum Company entered into an amended and restated senior secured revolving credit facility that extends the facility’s maturity to Oct. 19, 2027. According to an 8K filed with the SEC, JPMorgan Chase is the administrative agent for the facility.
Vista Outdoor closed its acquisition of CA-based Fox Racing for the purchase price of $540 million, with the potential for an additional $50 million earnout based on Fox Racing’s financial performance.
Chemed entered $550 million of amended and restated senior secured credit facilities. JPMorgan Chase Bank acted as the administrative agent, and lead-left bookrunner and joint lead arranger.
Alcoa amended and restated its existing revolving credit facility into a $1.25 billion revolving credit facility with improved terms, including the addition of sustainability-linked metrics. JPMorgan Chase acted as the administrative agent.
According to JPMorgan Chase’s 2022 Business Leaders Outlook Pulse survey, just about one in five business leaders (19%) said they’re optimistic about the U.S. economy for the year ahead, the lowest percentage recorded in 12 years of survey data, and down from 75% one year ago.
Standard Motor Products, an automotive parts manufacturer and distributor, entered a new five-year $500 million credit facility with JPMorgan Chase Bank as agent.
ProPetro extended its existing asset-based loan facility to a five-year term with a reduction of commitments from $300 million to $150 million.
Sprouts Farmers Market closed a $700 million revolving credit facility under a credit agreement dated as of March 25. Bank of America acted as administrative agent, issuing bank and swingline lender for the facility.
JPMorgan Chase promoted Thelma Ferguson to vice chairman of commercial banking. Brian Lamb, who has served for two years as global head of diversity, equity and inclusion at JPMorgan Chase, will succeed Ferguson, while David Miree joined JPMorgan Chase to succeed Lamb.