Ares, Morgan Stanley, Others Support Culligan/AquaVenture Merger

Culligan will acquire AquaVenture for $27.10 per share in an all-cash transaction valued at approximately $1.1 billion, including AquaVenture’s net debt.

BofA, JPMorgan, Others Arrange $1.5B Term Loan for Chesapeake Energy

Chesapeake Energy has engaged JPMorgan Chase Bank, Morgan Stanley Bank, Bank of America, and MUFG Bank to arrange a secured first lien last out 4.5-year term loan facility in the aggregate principal amount of up to $1.5 billion.

GoldenTree Closes $443MM CLO

GoldenTree Loan Management closed a €402 million ($443 million) collateralized loan obligation to be managed by GLM.

JPMorgan Agents $30MM Revolver for Gogo

Gogo, a provider of broadband connectivity products and services for aviation, completed a $30 million asset-based revolving credit facility. JPMorgan served as administrative agent.

Morgan Stanley, MUFG Support Bristol-Myers Squibb/Celgene Merger

Bristol-Myers Squibb agreed to acquire biopharmaceutical company Celgene in a $74 billion cash and stock transaction. Morgan Stanley Senior Funding and MUFG Bank will provide the debt financing to support the transaction.

Oaktree Provides $150MM Term Loan to Sorrento Therapeutics

Sorrento Therapeutics, a clinical-stage immunotherapy biotech company, closed a debt financing for up to $150 million. The financing was provided by funds and accounts managed by Oaktree Capital Management.

Athyrium Provides $110MM Facility to Kala Pharmaceuticals

Kala Pharmaceuticals closed a $110 million credit facility with funds managed by Athyrium Capital Management. Morgan Stanley acted as sole structuring agent on the transaction.

BAML Leads Refinitiv $5.5B Loan Launch

Reuters reported syndication of the $5.8 billion-equivalent loan package backing Blackstone’s buyout of Refinitiv, Thomson Reuters’ Financial and Risk division, is expected to launch on September 4 in the U.S. Bank of America Merrill Lynch is leading the syndication.

Rabobank, Santander, Others Support Sainsbury Acquisition of Asda

Reuters reported UK supermarket Sainsbury’s closed £3.5 billion ($4.5 billion) in syndicated loans in order to facilitate an acquisition of Walmart’s Asda, which is valued at £7.3 billion ($9.7 billion).

JPMorgan Agents Zebra Technologies Debt Restructuring

Zebra Technologies restructured its debt to reduce interest costs while maximizing financial flexibility.