Citigroup, Others Close UTi Worldwide ABL
UTi Worldwide announced the successful closing of its senior secured ABL with Citigroup Global Markets, Morgan Stanley Senior Funding and Bank of the West.
UTi Worldwide announced the successful closing of its senior secured ABL with Citigroup Global Markets, Morgan Stanley Senior Funding and Bank of the West.
Wesco Aircraft Holdings said the acquisition of recently acquired Haas Group was funded primarily a new term loan B facility that was provided by a lender group led by BofA Merrill acting as lead arranger.
Cloud Peak Energy announced it entered into a commitment letter with Morgan Stanley, PNC, Wells Fargo, JPMorgan Chase, Credit Suisse AG-Cayman Islands, Goldman Sachs, Royal Bank of Canada, and Credit Agricole Corporate and Investment Bank.
Dow Jones reported Cengage Learning is requesting bankruptcy-court permission to pay fees associated with obtaining financing of up to $2 billion to support the company’s operations after it exits Chapter 11.
Crown Castle International announced its wholly owned subsidiary borrowed $700 million under an existing credit agreement. Incremental term loans were arranged by Merrill Lynch, RBS Securities and Morgan Stanley.
Atmel announced it closed on an oversubscribed five-year, $300 million senior secured revolving credit facility with a group of lenders led by Morgan Stanley Senior Funding, which is serving as administrative agent.
Auxilium Pharmaceuticals announced it entered into an Incremental Assumption Agreement with Morgan Stanley Senior Funding under its existing Credit Agreement with MSSF.
BioScrip entered into a credit agreement totaling $475 million. SunTrust, Jefferies and Morgan Stanley Senior Funding provided the financing, which partially funds the company’s acquisition of CarePoint Partners.