J.P. Morgan, PNC Lead Worthington Facility Increase
Worthington Industries increased its revolver commitments to a total of $500 million. The revolver is with a consortium of banks led by J.P. Morgan Securities and PNC Capital Markets.
Worthington Industries increased its revolver commitments to a total of $500 million. The revolver is with a consortium of banks led by J.P. Morgan Securities and PNC Capital Markets.
Steel Dynamics amended its senior revolver and entered into a new term loan facility. Merrill Lynch, others acted as joint lead arrangers and bookrunners.
PNC Capital Markets announced the creation of a Transportation and Utilities public finance capital markets team. Nic Malas was hired as managing director to lead the team.
Abercrombie & Fitch is planning to refinance its existing facilities with a new $400 million ABL revolver and $325 million term loan B. Wells Fargo is among the joint lead arrangers and joint bookrunners for the ABL revolver.
Quad/Graphics announced it completed its previously announced $1.9 billion debt financing. J.P. Morgan Securities, Bank of America and others acted as lead arrangers.
M.D.C. Holdings announced it entered into a $450 million unsecured revolver with a group of lenders. U.S. Bank, Citibank, SunTrust Robinson Humphrey and PNC Capital Markets acted as joint lead arrangers and joint bookrunners.
Johnson Outdoors announced a streamlined structure of the company’s debt. The new loan agreement replaces the company’s revolver. PNC Capital Markets arranged the transaction.
PNC closed a $150 million senior secured revolving credit agreement for Emerge Energy Services. PNC Capital Markets led the syndication of this deal. The facility was used to refinance debt.