Wells Fargo, Others Provide J.C. Penney Revolver
Wells Fargo Securities, Bank of America, Wells Fargo Bank, Merrill Lynch and others provided a $2.35 billion senior secured asset-based revolver and term-loan facility to J.C. Penney.
Wells Fargo Securities, Bank of America, Wells Fargo Bank, Merrill Lynch and others provided a $2.35 billion senior secured asset-based revolver and term-loan facility to J.C. Penney.
Ares Management closed its amended and restated revolver that was entered into in connection with the company’s initial public offering. Merrill Lynch, Pierce and others acted as joint lead arrangers.
Bloomin’ Brands said it OSI Restaurant Partners subsidiary completed a $1.125 billion refinancing of its senior secured credit facility arranged by Wells Fargo Securities, Merrill Lynch and J.P. Morgan Securities.
Pier 1 Imports (U.S.)has completed an amendment of its $350 million ABL revolver and successfully syndicated and closed its previously announced $200 million term loan B. The lender groups were led by Bank of America as administrative agent.
Visteon closed on an $800 million credit facility, which comprises a $600 million term loan B and a $200 million revolver. Citigroup Global Markets and Merrill Lynch were among the joint arrangers and joint bookrunners.
Silgan Holdings announced it completed a facility to refinance its existing facility. Wells Fargo Securities, Merrill Lynch, Citigroup Global Markets and Goldman Sachs Bank were joint lead arrangers and joint book managers for the syndicated credit facility.
LKQ announced it closed an amendment to its credit facility that increased the aggregate amount available thereunder from $1.8 billion to $2.3 billion.
Jack in the Box announced completion of an $800 million facility. Wells Fargo Securities and Merrill Lynch served as joint lead arrangers and joint lead bookrunners.
Star Gas Partners announced it entered into an amended $450 million facility with a bank syndicate of 15 participants. JPMorgan Chase acted as administrative agent.
Bob Evans Farms announced it entered into a $750 million amended revolver. PNC Bank acted as administrative agent, and PNC Capital joint lead arranger and sole bookrunner.