Subsidiaries of Virtu Financial, a provider of financial services technology, completed and priced a new $1.8 billion senior secured first lien term loan due in 2029. According to an 8K filed with the SEC, JPMorgan Chase Bank is the administrative agent for the term loan.
Intuit acquired Mailchimp for approximately $5.7 billion in cash as well as stock considerations. Intuit partially funded the cash consideration through a $4.7 billion term loan under a new credit agreement. According to an 8K, JPMorgan Chase served as administrative agent for the agreement.
Huttig Building Products entered into a new $250 million senior credit facility. JPMorgan Chase is the administrative agent, joint bookrunner and joint lead arranger for the facility.
Papa John’s International successfully completed its senior notes offering and the refinancing of its revolving credit facility, providing the company with enhanced financial flexibility and additional liquidity.
As much of the U.S. reopens nearly a year and a half since the outbreak of the COVID-19 pandemic in the country, midsize business leaders’ optimism about their industries and companies have hit record highs, according to JPMorgan Chase’s 2021 Business Leaders Outlook Pulse survey.
According to an 8K filed with the SEC, Bank of America is serving as administrative agent, swing line lender and L/C issuer for a $2.5 billion sustainability-linked senior revolving credit facility for Analog Devices.
Frontdoor, a provider of home service plans, closed a transaction to refinance its capital structure, including entry into new credit facilities totaling $890 million with JPMorgan Chase as administrative agent.
JAKKS Pacific refinanced its existing term loan facility with a new first lien term loan facility from Benefit Street Partners and entered into a new $67.5 million asset-based revolving credit facility with JPMorgan Chase.
AllianceBernstein, an investment manager, closed AB BSL CLO 2, a $400 million collateralized loan obligation, with JPMorgan Chase acting as lead arranger.
Silicon Valley Bank appointed Christopher Hollins head of product sales. In this role, he will lead SVB’s product sales and implementation teams, which provide foreign exchange, treasury and global payments solutions to SVB clients.