NYT: WeWork Seeking $750 Million Credit Facility
The New York Times reported that WeWork, a company that rents office space to freelancers and startups, is seeking a $750 million credit facility.
The New York Times reported that WeWork, a company that rents office space to freelancers and startups, is seeking a $750 million credit facility.
XPO Logistics said it has closed its agreement to acquire Con-Way in a deal valued at $3 billion.
Ancestry.com entered into new credit facilities with Morgan Stanley Senior Funding as administrative agent, consisting of a $735 million term loan facility and an $80 million revolving credit facility.
SunEdison and West Street Infrastructure Partners III announced the formation of a new $1 billion warehouse investment vehicle, the WSIP Warehouse, to fund construction costs and to acquire operating assets.
Alliance Laundry Systems said BDT Capital Partners has agreed to acquire a majority interest in the company from Ontario Teachers’ Pension Plan. BofA and BMO Capital Markets acted as joint lead arrangers for the financing.
Calpine closed on a $1.6 billion first lien term loan. Morgan Stanley, Goldman Sachs, Mitsubishi, Barclays and RBC acted as lead arrangers on the transaction.
Twitter amended its credit facility with Morgan Stanley Senior Funding as administrative agent. The amended facility comprises a $1 billion unsecured revolving credit facility.
AVG Technologies entered into a commitment letter with Morgan Stanley, HSBC Securities, HSBC Bank Plc and HSBC for facilities in the amount of up to $300 million.
KPS Capital Partners announced it signed a definitive agreement, through an affiliate, to sell its portfolio company Waupaca Foundry to Hitachi Metals for $1.3 billion in cash.
Gogo announced it obtained a $75 million increase to its existing $248 million facility arranged by Morgan Stanley. Gogo intends to use the proceeds of the debt financing for general corporate purposes.