AZZ entered into a new $450 million revolver with a group of lenders led by Bank of America as administrative agent.
Bill Bertha will retire from his role at U.S. Bank as Wisconsin market president in June. He will be succeeded by Tom Richtman.
Duke Energy amended its credit agreement to expand the maximum aggregate borrowing amount to $8 billion and to add Piedmont Natural Gas as a borrower.
Roadrunner Transportation Systems reached an agreement with its lender group on an interim credit-facility amendment, which provides additional working capital loans and a forbearance provision, while working toward a long-term loan amendment.
In conjunction with its pending acquisition of Rite Aid, Walgreens Boots Alliance closed a $1 billion revolving credit facility agented by JPMorgan Chase. The company also received commitments for a $5 billion backstop facility agented by HSBC.
Orchids Paper Products increased its total loan commitments with U.S. Bank from $167.2 million to $176.1 million.
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.
Penn National Gaming entered into new senior secured credit facilities and completed its previously announced refinancing. Bank of America served as administrative agent and collateral agent.
Andy Cecere, currently president and chief operating officer, will succeed Richard Davis as CEO of U.S. Bancorp on April 18, 2017, the date of the bank’s annual meeting of shareholders.
Innospec completed the acquisition of the European Differentiated Surfactants business from Huntsman. To support the transaction, Lloyds Bank added a $110 million term loan to Innospec’s credit facility.