Charles Schwab completed its acquisition of TD Ameritrade. The integration of the two companies’ operations is expected to occur over the next 18 to 36 months.
Neiman Marcus emerged from voluntary Chapter 11 protection. The company’s new owners, including PIMCO, Davidson Kempner Capital Management and Sixth Street, are funding a $750 million exit financing package.
PNC Bank served as administrative agent on a $400 million asset-based revolving credit facility and, according to an 8K, Sixth Street Specialty Lending served as administrative agent and lead arranger on a $250 million senior secured term loan for Designer Brands.
Berkeley Research Group is serving as financial advisor for Neiman Marcus Group, which commenced voluntary Chapter 11 proceedings and secured DIP financing of $675 million from its creditors.
According to an 8K filed with the SEC, GLAS USA served as administrative agent and collateral agent for a $100 million debtor-in-possession facility as part of Quorum Health’s restructuring support agreement with its term loan lenders and noteholders.
The New York Times reported Goldman Sachs and the law firm of Weil, Gotshal & Manges are advising CEC Entertainment in Apollo Global Management’s acquisition of CEC, the parent company of Chuck E. Cheese.
Sysco and US Foods announced an agreement to merge. The value of the transaction is approximately $8.2 billion. Goldman is serving as financial advisor to Sysco.