PG&E Files Joint Chapter 11 Plan of Reorganization

PG&E and Pacific Gas and Electric Company today filed a joint Chapter 11 plan of reorganization in the U.S. Bankruptcy Court for the Northern District of California.

JPMorgan Agents $30MM Revolver for Gogo

Gogo, a provider of broadband connectivity products and services for aviation, completed a $30 million asset-based revolving credit facility. JPMorgan served as administrative agent.

JPMorgan Agents $500MM Facility for Rent-A-Center

Rent-A-Center completed a $500 million facility comprised of a $200 million term loan and a $300 million ABL revolving credit facility.

Triple Five Pledges Mall of America as Collateral for American Dream Mall

The Wall Street Journal reported Triple Five Group, the owner of New Jersey’s American Dream Mall, still under construction, has pledged Minnesota’s Mall of America as collateral to its lender group led by JPMorgan.

JPMorgan Leads $400MM Facility for DoorDash

Bloomberg reported that food delivery service DoorDash is arranging a $400 credit facility led by JPMorgan ahead of its upcoming IPO.

JPMorgan Agents Diebold Nixdorf Extension of $787MM Facility

Diebold Nixdorf amended and extended the vast majority of its $787 million revolving credit facility and term A loans from December 23, 2020 to April 30, 2022.

Goldman Sachs, JPMorgan Lead WeWork Debt Raise Prior to IPO

The Wall Street Journal reported that space sharing company WeWork is seeking to raise between as much as $10 billion through a debt facility before launching its IPO.

JPMorgan Downsizes Coty Revolver to $275MM

Coty amended its credit agreement, reducing the total commitments under the revolving credit facility from $500 million to $275 million. JPMorgan served as administrative agent for the transaction.

JPMorgan, Citigroup, Others Lead Talen Energy $500MM Term Loan

Talen Energy Supply has priced a new seven-year $500 million secured term loan B facility.

BofA Agents $450MM Refi for TransPerfect

TransPerfect has refinanced its existing credit facility. A new $450 million credit facility will replace and terminate a previous $445 million facility.