BofA Agents $750MM Facilitiy for Nu Skin
Nu Skin Enterprises closed a $400 million term loan facility and a $350 million revolving credit facility with Bank of America as administrative agent.
Nu Skin Enterprises closed a $400 million term loan facility and a $350 million revolving credit facility with Bank of America as administrative agent.
Rotech Healthcare entered into a new $185 million credit agreement with SunTrust Bank as administrative agent and issuing lender on the transaction.
Sprouts Farmers Market amended its credit agreement, increasing the company’s total commitments to $700 million. JPMorgan served as administrative agent on the transaction, while Bank of America served as syndication agent.
Southeastern Grocers filed a pre-packaged restructuring plan as it begins Chapter 11 proceedings. SunTrust Bank is serving as agent for a $600 million ABL exit facility. Deutsche Bank is lead arranger for the exit term loan.
Penn National Gaming amended its credit facility to support its upcoming acquisition of the outstanding equity interest in Pinnacle Entertainment. Bank of America served as administrative agent for the transaction.
GTT Communications agreed to acquire Interoute for approximately €1.9 billion ($2.3 billion) in cash. Goldman Sachs, Credit Suisse and SunTrust Bank, among others, will provide debt financing for the transaction.
Ichor Holdings authorized the repurchase of up to $50 million of the company’s ordinary shares. Concurrently, the company refinanced its credit facility with a $175 term loan and a up to $125 million revolver in a transaction agented by Bank of America.
SunTrust Bank was administrative agent for a $400 million revolving credit facility for AMN Healthcare Services, a healthcare staffing provider.
Hat-maker Genesco and its subsidiaries completed a $400 million revolving credit facility with Bank of America as administrative agent.
SunTrust’s reported Q4/17 net income of $710 million was up from $448 million for the same quarter in 2016. The bank’s noted results included a $172 million after-tax net benefit from tax reform-related items.