Eagle Rock Energy Partners announced that its lending group amended the company’s existing senior secured credit facility to allow for a step-up in the leverage ratio. Wells Fargo led the lender group as administrative agent.
The U.S. banking regulators’ proposal to double the minimum Basel III leverage ratio, referred to as the supplementary leverage ratio, is likely to be manageable for affected banks, Fitch Ratings said.
The Federal Reserve, FDIC and the OCC proposed a rule to strengthen the leverage ratio standards for the largest, most systemically significant U.S. banking organizations.
Laundry facilities management company, Mac-Gray Corporation closed on its amended five-year, $250 million senior credit facility. Bank of America served as the administrative agent for the lender group.