Alvarez & Marsal is serving as restructuring advisor to Chesapeake Energy, which voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas.
Bank of America Securities served as sole bookrunner and joint lead arranger for a renewed $420 million credit facility for McGrath RentCorp.
Kazuo Koshi was appointed executive chairman of the board of directors for MUFG Americas Holdings and its U.S. banking subsidiary, MUFG Union Bank. Masahiro Kuwahara also joined the board of directors.
Bank of America Securities acted as sole book runner and sole lead arranger for a new $150 million syndicated secured revolving credit facility for Radiant Logistics.
Union Bank has promoted Isai Amaya to regional president of the San Diego Branch Banking division. Amaya will oversee a network of more than 50 branches and 300 employees in the region.
Citibank served as administrative agent on an amendment to KB Home’s revolving credit facility, which increased the borrowing capacity to $800 million and extended the maturity date to October 2023.
FirstService has completed its acquisition of approximately 95% of Global Restoration Holdings for a purchase price of approximately $505 million. TD Bank led a $890 million facility to support the transaction.
Hercules Capital replaced its existing $100 million credit facility with MUFG Union Bank with a new $200 million credit facility, under which City National, Umpqua Bank, Hitachi Capital America and Mutual of Omaha Bank joined MUFG as lenders.
MUFG Union Bank will acquire supply chain finance platform Trade Payable Services from GE Capital. The deal marks the third major divestment by GE Capital over the last six months.
Rite Aid entered into a new senior secured credit agreement, consisting of a $2.7 billion senior secured asset-based revolving credit facility and a $450 million “first-in, last out” senior secured term loan facility. Bank of America served as both administrative and collateral agent on the facilities.