BofA Upsizes Hasbro Facility to $1B

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.

Sumitomo Mitsui Provides $227MM DIP for Airbag Maker Takata

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.

Scotiabank Agents $1B Facility for Duke Energy

Electric power company Duke Energy closed a $1 billion credit agreement with Scotiabank as administrative agent.

Sumitomo Mitsui Provides $35MM Canadian Solar Facility

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.

JPMorgan Agents $1.75B Facility for Teleflex

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.

BofA Agents Facility Upsize to $2.1B for World Fuel Services

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.

J.P. Morgan, Others Arrange $8B Vitol Facility

Vitol executed $8 billion in revolving credit facilities with a syndicate of 55 banks.

JPMorgan Agents $2.16B Hill-Rom Holdings Facility

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.

Citibank Agents Alcoa Borrowing Base Reduction to $3B

Alcoa entered into an amendment to its five-year revolving credit agreement, with Citibank serving as administrative agent and JPMorgan Chase as syndication agent.

BofA Agents $2.083B Booz Allen Hamilton Amendment

Booz Allen Hamilton closed the third amendment to its credit agreement dated July 31, 2012. Bank of America served as administrative agent, collateral agent and issuing lender.