CenterPoint Energy and its wholly owned subsidiaries amended their revolvers. JPMorgan Chase served as admin agent for CenterPoint’s and CEHE’s facilities, and Citibank as admin agent for CERC’s facility.
Varian Medical Systems entered into a credit agreement with BofA of up to $500 million. Merrill Lynch, Pierce, Fenner & Smith, Sumitomo Mitsui and Wells Fargo are joint lead arrangers.
Crown Castle said its subsidiary borrowed $800.0 million of incremental tranche B term loans under a credit agreement. Morgan Stanley, Merrill Lynch, Pierce, Fenner & Smith and RBS Securities arranged the loans.
Asbury Automotive Group said its amended and restated facility increases the new vehicle inventory floor plan facility by $200 million, bringing the total to $1.1 billion. Merrill Lynch arranged the syndication.
Alliance Data Systems completed a new $2.285 billion credit facility. Lead agents on the bank facility included Merrill Lynch, Wells Fargo Securities and SunTrust Robinson Humphrey.
Helix Energy Solutions entered into a credit agreement with a lending group in the amount of $900 million. Merrill Lynch and Wells Fargo Securities acted as joint lead arrangers and joint bookrunning managers.
Western Refining said it completed an amendment and restatement of its revolving credit agreement. Merrill Lynch, Pierce, Fenner & Smith and Wells Fargo Capital Finance acted as joint lead arrangers and joint bookrunners.
Bloomberg reported that John Thain has transformed CIT into an enticing takeover target for some of the largest banks.
Shearman & Sterling represented Tops Markets, a portfolio company of Morgan Stanley Capital Partners and Graycliff Partners, in connection with a $125 million asset-based revolving credit facility arranged by Merrill Lynch and Wells Fargo Capital Finance.
FelCor Lodging Trust amended and restated its $225 million secured line of credit facility. JPMorgan Chase continued to serve as administrative agent. Bank of America served as syndication agent.