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.
Christopher P. Higgins joined MUFG as chief information and operations officer for MUFG Americas Holdings and its U.S. banking subsidiary, MUFG Union Bank.
MUFG Union Bank signed a definitive agreement to acquire Intrepid Investment Bankers, a leading Los Angeles-based regional middle market investment banking firm.
Chesapeake Energy amended its senior secured revolving credit facility agreement, receiving initial commitments from 15 institutions totaling $3.8 billion, which exceeded the $3 billion borrowing base the company was seeking.
PBF Logistics amended and extended its five-year revolving credit facility, increasing the commitments from $360 million to $500 million. Wells Fargo served as administrative agent for the 20-bank syndicate.
WEX has repriced its senior secured credit loans under its existing credit facility, extending the deadline to July 1, 2023, increasing the revolver by $150 million and providing an additional $25 million tranche A term loan.
Wings Capital Partners closed a $500 million secured loan facility with a syndicate of six major international banks. Deutsche Bank acted as structuring agent on the transaction.
CNX Midstream Partners closed a new senior secured revolving credit facility, expanding their borrowing capacity to $600 million. PNC Bank served as both administrative and collateral agent on the transaction.
TriplePoint Venture Growth amended its credit facility with Deutsche Bank as administrative agent, increasing the capacity to $210 million and extending the revolver period to February 20, 2020.
WEX repriced its secured term loans under its existing credit facility. Bank of America acted as administrative agent, joint lead arranger and joint bookrunner.