Ixia increased the maximum aggregate amount available on its revolving credit facility from $75 million to $150 million and extended the term by an additional two years. Silicon Valley Bank served as the administrative agent.
Computer Programs and Systems entered into an agreement to acquire Healthland Holding and its affiliates for $250 million. Regions Bank provided a financing commitment of $150 million to support the transaction.
J.C. Penney received $500 million of incremental bank commitments to increase the size of its existing ABL revolver to $2.35 billion. Wells Fargo, J.P. Morgan, Barclays, BofA Merrill, Citizens, Regions and HSBC co-led the arrangement and syndication of the deal.
On Monday, the Federal Reserve Board barred Thomas A. Neely Jr., the former executive vice president and business services credit executive of Regions Bank, from participating in the affairs of any insured depository institution.
Adeptus Health closed on $175 million of new credit facilities with group of banks led by Bank of America Merrill Lynch as administrative agent.
IronPlanet closed a new $55 million senior secured credit facility with a syndicate of lenders led by SunTrust Bank as administrative agent.
Star Gas Partners said it entered into an amended ABL revolver and term loan with a lender group led by JPMorgan Chase as administrative agent.
Regions Financial said Q2/15 earnings of $269 million compared to $288 million a year earlier. The bank noted that revenue was up from the previous year primarily as a result of a non-recurring $90 million insurance claim.
CorEnergy said it has amended and upsized its existing $93 million revolver to provide borrowing commitments of $153 million. Regions Bank acted as administrative agent and BofA acted as syndication agent.