Morgan Stanley Agents Cypress Loan Amendment
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.
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.
Sabre refinanced its term loan B credit facility, with Bank of America acting as administrative agent for the transaction.
GTT Communications agreed to acquire Interoute for approximately €1.9 billion ($2.3 billion) in cash. Goldman Sachs, Credit Suisse and SunTrust Bank, among others, will provide debt financing for the transaction.
Morgan Stanley Senior Funding acted as administrative agent for an amendment to XPO Logistics’ senior secured term loan credit agreement, increasing the principal loan amounts from $1.494 billion to $1.503 billion.
Pandora Media closed a $200 million credit facility with Wells Fargo as administrative agent.
VICI Properties entered into two new credit facilities, totaling $2.6 billion. Goldman Sachs served as administrative agent for both transactions.
Hi-Crush Partners entered into a new $200 million senior secured term loan credit agreement, with Morgan Stanley Senior Funding acting as administrative agent, and a new five-year $125 million revolving credit agreement, with Amegy Bank acting as administrative agent.
Calpine closed a new $1 billion first lien term loan facility maturing in January 2025. Credit Suisse served as administrative agent for the transaction.