Varian Medical Systems terminated its August 27, 2013 credit facility and replaced it with a $600 million revolver with Bank of America as administrative agent.
Toymaker Hasbro amended its credit agreement with Bank of America as administrative agent. The new agreement increased the aggregate size of the facility to $1 billion and provided for a $700 million revolving credit facility.
Japanese airbag maker Takata has obtained a commitment for up to ¥25 billion ($227 million) in debtor-in-possession financing from Sumitomo Mitsui. Key Safety Systems of Michigan is purchasing the company, which filed Chapter 11 in the U.S.
Canadian Solar entered into a three-year credit agreement for ¥4 billion ($35 million) with Sumitomo Mitsui Finance and Leasing in order to expand solar energy project development in Japan.
Teleflex refinanced its credit facilities with JPMorgan as administrative agent, providing a $1 billion five-year revolver and a $750 million delayed draw loan to support the company’s acquisition of Vascular Solutions.
World Fuel Services increased the size of its credit facility by approximately $500 million to $2.1 billion and extended the term to October 2021. Bank of America served as administrative agent.
Hill-Rom Holdings entered into an amended credit agreement with JPMorgan Chase as administrative agent for a new $1.4625 billion term loan A facility and a $700 million senior secured revolving credit facility.
Alcoa entered into an amendment to its five-year revolving credit agreement, with Citibank serving as administrative agent and JPMorgan Chase as syndication agent.