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.
Blackstone hired Yifat Oron, previously the CEO of LeumiTech, to head the firm’s new office in Tel Aviv, Israel, as senior managing director. Oron will lead Blackstone’s growth and tech investments in Israel for Blackstone Growth and assist with other investing efforts.
Apartment Income REIT closed a new $1.4 billion credit facility. PNC Capital Markets and Wells Fargo Securities led the syndication as joint bookrunners and lead arrangers. PNC Bank is also the administrative agent and sustainability agent for the facility.
JPMorgan Chase led a syndicate of lenders in providing a $20 million senior revolving credit facility, a $40 million senior term loan and a $20 million senior delayed draw term loan to WeCommerce in connection with the company’s acquisition of Stamped.
Atotech Limited closed on a refinancing with Goldman Sachs as administrative agent. The agreement provides for a $1.35 billion senior secured term loan facility, a €200.0 million senior secured term loan facility and a multi-currency revolving credit facility up to $250.0 million.
According to an 8K filed with the SEC, JPMorgan Chase is serving as administrative agent for a new $300 million senior secured term loan B due 2028 for Churchill Downs.
LPL Holdings has completed the amendment of its revolving credit facility. The credit agreement amendment was managed by an arranger group of 14 banks led by JPMorgan Chase.