BofA Agents New $1.8B Revolver for Varian Medical
Varian Medical Systems replaced its $600 million revolving credit facility with a $41.5 billion revolving credit facility in a transaction agented by Bank of America.
Varian Medical Systems replaced its $600 million revolving credit facility with a $41.5 billion revolving credit facility in a transaction agented by Bank of America.
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.
Metal manufacturers Worthington Industries extended and amended its existing five-year, $500 million revolving credit facility. JPMorgan Chase and PNC Capital Markets led the bank consortium for the amendment.
Campbell Soup closed a $1.2 billion three-year term loan credit agreement agented by Credit Suisse, Cayman Islands Branch.
Keane Group amended its ABL facility with Bank of America serving as administrative agent, increasing the total availability to $300 million.
Churchill Downs closed a $700 million senior secured revolving credit facility and a $400 million senior secured term loan B. JPMorgan Chase served as the revolver’s administrative agent.
HanesBrands amended its senior secured credit facility, which was increased to $2.25 billion from $1.925 billion.
Steel Partners Holdings entered into a new five-year, $600 million revolving credit facility with a syndicate of banks led by PNC Capital Markets.
Fairmount Santrol completed its debt refinancing with a new $700 million, five-year term loan facility and secured a new $125 million, five-year revolving credit facility. Barclays served as administrative agent for the term loan, and PNC Capital Markets agented the ABL revolver.
ABM Industries completed the acquisition of GCA Services Group for approximately $1.25 billion. Bank of America served as administrative agent for a $900 million revolving credit facility and an $800 million term loan to support the transaction.