Merrill Lynch Archives - Page 3 of 20

MUFG Agents Chesapeake Energy $3.8B Revolver

Chesapeake Energy amended its senior secured revolving credit facility agreement, receiving initial commitments from 15 institutions totaling $3.8 billion, which exceeded the $3 billion borrowing base the company was seeking.

Cenveo Completes Restructuring; BofA, Others Provide Exit Financing

Cenveo successfully completed its restructuring and Chapter 11 Plan of Reorganization and emerged from bankruptcy. Bank of America, among others, provided exit financing for the company.

BofA Agents Cracker Barrel $950MM Credit Facility

Cracker Barrel entered into a five-year, $950 million revolver with Bank of America serving as administrative agent and collateral agent for the group of lenders.

PepsiCo to Acquire SodaStream in $3.2B Deal

PepsiCo agreed to acquire all outstanding shares of home seltzer-maker SodaStream for $144.00 per share in cash in a transaction valued at $3.2 billion.

August 20, 2018 Citibank | JPMorgan | Merrill Lynch | PepsiCo | SodaStream ABF Journal

BofA Agents $411MM Exit Financing for Cenveo

The U.S. Bankruptcy Court for the Southern District of New York approved the exit plan of Stamford, CT-based print products company Cenevo. The company received exit financing commitments in the form of a $175 million ABL facility and a $236 million term loan.

BofA Agents $600MM Facility for Cantel Medical

Cantel Medical amended its $600 million credit agreement with Bank of America as administrative agent in conjunction with the company’s acquisition of Stericycle’s CES business.

U.S. Bank, JPMorgan Extend Black Hills Facility

Black Hills extended the maturity dates of its $750 million revolving credit facility and $300 million term loan.

JPMorgan Agents New $300MM ABL Revolver for Star Group

Home energy provider Star Group closed a $300 million asset-based revolving credit facility with JPMorgan Chase as administrative agent.

JPMorgan Agents $2.5B Revolver for AVANGRID

AVANGRID, a sustainable energy company, closed a $2.5 billion sustainability-linked credit facility with JPMorgan as administrative agent and BBVA as sustainability agent.

Deutsche Agents $1.5B Debt Financing for Aleris

Aluminum rolled products manufacturer Aleris International raised $1.5 billion in new debt financing. Deutsche Bank, New York Branch served as administrative agent on the transaction.

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