BofA Agents $386MM DIP Financing For Performance Sports
Bank of America served as administrative agent for $386 million in debtor-in-possession financing to Performance Sports Group as part of its financial restructuring process.
Bank of America served as administrative agent for $386 million in debtor-in-possession financing to Performance Sports Group as part of its financial restructuring process.
John Bean Technologies entered into the third amendment to its February 10, 2015 credit agreement, added a $150 million incremental term loan. Wells Fargo Bank served as administrative agent and term-1 lender.
In a recent post, the Motley Fool notes that at its current growth rate, Wells Fargo is poised to overtake Bank of America as the second largest bank in the U.S.
Atlas Resource Partners entered into a restructuring support agreement with 100% of its revolving credit facility lenders, 100% of its second lien lenders and approximately 80% of its senior noteholders.
Connecture purchased Chicago-based ConnectedHealth for $5.0 million. Wells Fargo served as administrative agent for a lender group that increased Connecture’s term loan to $35 million from $20 million.
Cambrex Corporation closed a new $500 million senior secured revolving credit facility replacing the previous $250 million facility. Wells Fargo Securities and JPMorgan Chase served as joint lead arrangers.
LINN Energy amended its credit facilities with a lender group led by Wells Fargo as administrative agent. LINN also closed a related amendment for Berry Petroleum, a wholly owned subsidiary.
Popeyes Louisiana Kitchen has completed a $250 million, five-year senior secured revolving credit facility. Wells Fargo Bank served as administrative agent and Bank of America as syndication agent.
Global supercomputer leader Cray entered into an expanded credit agreement with Wells Fargo for a $50 million revolver, which replaces a prior $10 million line of credit.
Walgreens completed the placement of $5 billion of term loan facilities and a $7.8 billion term loan bridge facility as part of the financing of Walgreens’ acquisition of Rite Aid.