JPMorgan and Others Provide Debt Financing for Service Logic Acquisition

Service Logic was acquired by Leonard Green & Partners from private equity firm Warburg Pincus. Debt financing for the transaction was provided by JPMorgan Chase Bank, Morgan Stanley, Antares Capital and Crescent Capital.

November 3, 2020 Antares Capital | Chris McCollum | Craig Steinke | Crescent Capital | Harris Williams and Moelis | Jeff Goldfaden | JPMorgan Chase Bank | Kirkland & Ellis | Latham & Watkins | Leonard Green & Partners | Morgan Stanley | Service Logic | Warburg Pincus Ellie Delany

First Citizens and CIT to Merge

First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, will combine in an all-stock merger of equals to create the 19th largest bank in the United States based on assets.

October 16, 2020 CIT Bank | CIT Group | Ellen R. Alemany | First Citizens BancShares | First-Citizens Bank & Trust Company | Frank Holding Jr. | Keefe Bruyette & Woods | Morgan Stanley | Piper Sandler | Smith Anderson Blount Dorsett Mitchell & Jernigan | Sullivan & Cromwell Phil Neuffer

Bank of America Supports WillScot, Mobile Mini Merger with $2.4B Revolver

According to an 8K filed with the SEC, Bank of America served as administrative and collateral agent on a $2.4 billion asset-based revolving credit facility in connection with the merger of WillScot and Mobile Mini.

July 2, 2020 Allen & Overy | Bank of America | Barclays Capital | BofA Securities | Brad Soultz | Davis Polk & Wardwell | Deutsche Bank Securities | Goldman Sachs | J.P. Morgan Securities | Kelly Williams | Mobile Mini | Morgan Stanley | Rothschild & Co | Stifel Nicolaus & C | WillScot | WillScot Mobile Mini Phil Neuffer

Morgan Stanley Leads $2.2B Term Loan for Royal Caribbean Cruises

Morgan Stanley, J.P. Morgan, Bank of America, BNP Paribas and Goldman Sachs acted as joint lead arrangers and bookrunners on a $2.2 billion 364-day secured term loan facility for Royal Caribbean Cruises. Morgan Stanley also served as administrative and collateral agent.

March 25, 2020 Bank of America | BNP Paribas | Goldman Sachs | J.P. Morgan | Jason T. Liberty | Morgan Stanley | Perella Weinberg Partners | Royal Caribbean Cruises | Skadden Arps Slate Meagher & Flom Phil Neuffer

Trade Finance Market to Grow 4% by 2024

The global trade finance market will grow at a CAGR of more than 4% or by $11.25 billion between 2020 and 2024, according to research and advisory company Technavio.

March 16, 2020 Goldman Sachs Group | HSBC | JPMorgan Chase | Morgan Stanley | Technavio | trade finance | wells fargo Phil Neuffer

Morgan Stanley to Buy E-Trade for $13B

The New York Times reported that Wall Street giant Morgan Stanley has signed an agreement to purchase discount brokerage E-Trade.

February 21, 2020 E-Trade | Morgan Stanley nadine

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.

December 26, 2019 AcquaVenture | Ares | Culligan | Morgan Stanley nadine

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.

December 5, 2019 Bank of America | Chesapeake Energy | JPMorgan | Morgan Stanley | MUFG nadine

GoldenTree Closes $443MM CLO

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

September 9, 2019 Barclays | Citigroup | GoldenTree Loan Management | Goldman Sachs | Morgan Stanley | Wells Fargo Securities nadine

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.

August 29, 2019 Gogo | JPMorgan | Morgan Stanley nadine