Reuters reported UK supermarket Sainsbury’s closed £3.5 billion ($4.5 billion) in syndicated loans in order to facilitate an acquisition of Walmart’s Asda, which is valued at £7.3 billion ($9.7 billion).
Basic Energy Services increased its asset-based lending credit facility from $120 million to $150 million. UBS served as administrative agent for the transaction.
Reuters reported that lead arrangers J.P. Morgan, Merrill Lynch and Citigroup have invited 23 banks to participate in the $13.5 equivalent loan facility to support Blackstone’s purchase of a majority stake in Thomson Reuters’ Financial and Risk unit.
Reuters reported that Bank of America Merrill Lynch, Barclays, Morgan Stanley, Deutsche Bank and UBS are leading the debt financing to support EG Groups acquisition of the Kroger Grocery chain’s convenience store unit.
Restaurant chain Ruby Tuesday amended its 364-day senior secured revolving credit agreement dated as of May 26, 2017 with, among other parties, UBS AG, Stamford Branch, as administrative agent and as issuing bank.
Office supply retailer Staples entered into an ABL agreement with Wells Fargo and a term loan credit agreement with UBS which provide for $4.1 billion in financing.
Reuters reported that Barclays, Nomura and UBS led the leveraged loan financing to support Bain Capital and Cinven’s buyout of German drug maker Stada.
Gardner Denver amended its credit agreement to refinance a $1.28 billion U.S. Dollar term loan and a €615 ($723.3) million senior secured Euro term loan facility with UBS as agent.
DigiCert will acquire Symantec’s Website Security and related PKI solutions. Under the terms of the agreement, Symantec will receive approximately $950 million in upfront cash proceeds and approximately a 30% stake in the common stock equity of the DigiCert business at the closing of the transaction.
TRC Companies completed its merger with affiliates of New Mountain Partners IV, an investment fund managed by New Mountain Capital. UBS agented a $325 million term loan and a $60 million revolving credit facility to support the merger.