Wells Fargo, Others Provide $900MM Financing to Support Brocade Buy
Brocade completed its acquisition of Ruckus Wireless and entered into a $900 million credit agreement with a lender group including Wells Fargo, Deutsche Bank and SunTrust.
Brocade completed its acquisition of Ruckus Wireless and entered into a $900 million credit agreement with a lender group including Wells Fargo, Deutsche Bank and SunTrust.
The merger agreement between Staples and Office Depot has been terminated. Simultaneously, JPMorgan Chase and Wells Fargo arranged a $1.2 billion five-year credit facility for Office Depot.
Midstates Petroleum’s reorganization plan proposed a $170 million first lien exit financing facility to be provided by a lender group led by SunTrust as administrative agent.
According to Reuters, five U.S. regional banks put aside millions of dollars during Q1/16 to cover potential losses from loans to the energy sector.
Mercury Systems has agreed to acquire the embedded security, RF and microwave, and custom microelectronics businesses of Microsemi. A Bank of America-led lender group will provide $340 million in financing to support the transaction.
AMETEK has completed an amended revolving credit facility increase from $700 million to $850 million. JPMorgan Chase is the lead arranger and serves as administrative agent for an 11-bank syndicate.
Holly Energy Partners amended its existing revolving credit facility to increase the maximum amount from $850 million to $1.2 billion. Wells Fargo served as administrative agent for the transaction.
Samsonite will acquire Tumi in an all cash transaction having an equity value of $1.8 billion. Morgan Stanley, HSBC, SunTrust and MUFJ arranged the committed financing.
Installed Building Products entered into a new five-year, $325 million senior secured credit facility with an accordion feature. KeyBank was lead arranger, sole bookrunner and administrative agent.
Comfort Systems USA has amended its existing debt facility to increase the commitment amount to $325 million and extend the term. Wells Fargo served as administrative agent for the facility.