JPMorgan Agents Marathon Oil Facility Upsize to $3.4B
Marathon Oil priced an offering of $1 billion of 4.400% senior notes that will mature on July 15, 2027. Concurrently, the company increased its credit facility from $3.3 billion to $3.4 billion.
Marathon Oil priced an offering of $1 billion of 4.400% senior notes that will mature on July 15, 2027. Concurrently, the company increased its credit facility from $3.3 billion to $3.4 billion.
CRH Medical increased its credit facility to $100 million and added a $25 million accordion feature. JPMorgan Chase Bank joined the syndicate of lenders led by The Bank of Nova Scotia.
Subsidiaries of global telecom company Liberty Global entered into a $1.25 billion term loan facility and a $625 million revolving credit facility with The Bank of Nova Scotia as administrative agent.
Callon Petroleum entered into an amended and restated credit agreement co-arranged by JPMorgan Chase Bank, Capital One, Citibank and The Bank of Nova Scotia, which upsized commitments from $500 million to $2 billion.
Telenet Financing entered into a $500 million financing agreement with The Bank of Nova Scotia as facility agent.
Ashland Global acquired Pharmachem Laboratories for $660 million. The acquisition was funded by new credit facilities totaling $1.18 billion. The Bank of Nova Scotia was administrative agent for the bank syndicate.
Matador Resources increased its borrowing base from $400 million to $450 million. Royal Bank of Canada served as administrative agent for the transaction.
Capstone Mining amended its credit facility, extending the maturity date and reduced funds available to $350 million, with a $25 million annual reduction. The Bank of Nova Scotia was administrative agent.
Olin increased its term loans to $1.375 billion and revolving credit commitments to $600 million. Wells Fargo served as administrative agent.
Energy Transfer Equity entered into a $2.2 billion senior secured term loan agreement with Credit Suisse, Cayman Islands Branch as administrative agent.