ProPetro extended its existing asset-based loan facility to a new five-year term and expanded its commitments from $150 million to $225 million. Barclays will continue to serve as the agent of the amended ABL along with other participants, including JPMorgan Chase, Bank of America and Goldman Sachs.
Climb Global Solutions, an IT channel company providing sales and distribution solutions for technology vendors, signed an agreement for a five-year, $50 million secured revolving credit facility with JPMorgan Chase.
Daktronics closed on a three-year, $75 million senior secured credit facility with JPMorgan Chase. In addition, Daktronics closed a $25 million convertible debt financing agreement with shareholder Alta Fox Capital Management.
JPMorgan Chase acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation. As part of the purchase, JPMorgan Chase is assuming all insured and uninsured deposits.
Casella Waste Systems acquired operations in three states from GFL Environmental for $525 million. Bank of America, JPMorgan Chase, Comerica Bank and Citizens Bank committed bridge financing to support the deal.
Quinn Residences, an owner of communities of single-family homes for rent in the Southeast, closed a $500 million revolving credit facility led by JPMorgan Chase.
Diebold Nixdorf executed an amendment to its asset-based credit facility to add a new $55 million first-in-last-out term loan tranche. According to an 8K filed with the SEC, JPMorgan Chase is the administrative and collateral agent for the facility.
Monitor, the leading source of information for the equipment finance industry, has announced the details of Converge, an extraordinary two-day event that will be held in Philadelphia from June 14-15.
Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank.
Topgolf Callaway Brands completed a series of related transactions in support of a plan to refinance its capital structure, including a seven-year, $1.25 billion senior secured term loan B arranged by Bank of America, JPMorgan Chase, MUFG Securities and Truist Securities.