IQVIA extended its existing revolving credit facilities and term A loans and closed a new $950 million incremental term B credit facility and €686.2 million ($776 million) incremental term B credit facility.
SemGroup amended its credit facility to refinance the outstanding $530.75 million of senior secured term loans and repay the $60 million of revolver borrowing under that agreement.
Akamai Technologies entered into a five-year, $500 million revolving credit agreement with JPMorgan Chase as administrative agent, sole bookrunner and joint lead arranger.
Cloud services provider Fusion acquired privately-held MegaPath Holding. To support this acquisition and the recent acquisition of Birch, Fusion closed a $640 million credit facility with Wilmington Trust as administrative agent.
A group of lenders led by Bank of America and Merrill Lynch have committed to providing Albertsons with a $4.667 billion facility to support the company’s merger with Rite Aid.
Just Energy Group renegotiated an agreement with a syndicate of lenders to increase its credit facility to $352.5 million. Canadian Imperial Bank of Commerce and National Bank of Canada were joint lead arrangers.
Basic Energy Services increased its asset-based lending credit facility from $120 million to $150 million. UBS served as administrative agent for the transaction.
Cypress Semiconductor amended its credit agreement with a group of lenders led by Morgan Stanley Senior Funding, as administrative agent and collateral agent, and Morgan Stanley Bank as issuing bank.
Gateway Casinos & Entertainment completed the refinancing of its existing credit facility with a syndicate of investment banks led by Morgan Stanley Senior Funding.
Healthcare tech company Inovalon agreed to acquire ABILITY® Network for an aggregate consideration of $1.2 billion in cash and restricted stock. Morgan Stanley Senior Funding will provide a $980 million term loan to support the acquisition.