J.P. Morgan Arranges $65 Million Facility for AV Homes
AV Homes announced it entered into a $65 million revolver arranged by J.P. Morgan Securities.
AV Homes announced it entered into a $65 million revolver arranged by J.P. Morgan Securities.
Cloud Peak Energy announced it entered into a commitment letter with Morgan Stanley, PNC, Wells Fargo, JPMorgan Chase, Credit Suisse AG-Cayman Islands, Goldman Sachs, Royal Bank of Canada, and Credit Agricole Corporate and Investment Bank.
Cumulus Media announced today it entered into an amended credit agreement consisting of a $2.025 billion term loan and a $200 million revolver. JPMorgan Chase acted as administrative agent.
Paul Hastings announced it represented Royal Bank of Canada in connection with a $150 million term loan and a $25 million ABL; and Royal Bank of Canada and KeyBank in connection with credit facilities for Norcraft Companies.
Paul Hastings announced the firm represented Royal Bank of Canada as administrative agent and the joint lead arrangers and joint bookrunners in connection with an acquisition financing for Dynamic Precision Group.
Crawford & Company announced an amended five-year, $400 million revolver with a syndicate of banks led by Wells Fargo Securities and Bank of America Merrill Lynch as joint lead arrangers and joint lead bookrunners.
Sanchez Energy announced its lending group increased its first lien revolver from $175 million to $300 million. Royal Bank of Canada acted as administrative agent.
Snap-on Incorporated entered into a five-year, $700 million multi-currency revolver. J.P. Morgan Securities, Citigroup Global Markets and U.S. Bank acted as joint lead arrangers and joint bookrunners.
Bloomberg reported that Bank of America and Royal Bank of Canada provided $1.9 billion in term loans to finance HBC’s previously announced acquisition of Saks, citing regulatory filings.
Lord & Taylor parent Hudson’s Bay Company and Saks agreed to merge in an all-cash transaction valued at approximately $2.9 billion. BofA Merrill and RBC provided HBC with fully committed credit facilities to help finance the transaction.