Paul Hastings Advises on LMI Aerospace Financing
Paul Hastings said the firm represented Royal Bank of Canada, Wells Fargo and SunTrust Robinson Humphrey in connection with the refinancing of LMI Aerospace’s existing credit facility.
Paul Hastings said the firm represented Royal Bank of Canada, Wells Fargo and SunTrust Robinson Humphrey in connection with the refinancing of LMI Aerospace’s existing credit facility.
Wells Fargo Securities, Bank of America, Wells Fargo Bank, Merrill Lynch and others provided a $2.35 billion senior secured asset-based revolver and term-loan facility to J.C. Penney.
Ares Management closed its amended and restated revolver that was entered into in connection with the company’s initial public offering. Merrill Lynch, Pierce and others acted as joint lead arrangers.
Textainer Group announced Union Bank and ING Belgium will act as lead arranger and joint lead arranger, respectively, for a $500 million term loan. Union Bank leads a group of other financial institutions involved in the transaction.
Mid-Con Energy Partners announced it received lender commitments to increase its borrowing base to $170 million under the company’s existing revolver. RBC acted as administrative agent, and BOKF, Comerica, Wells Fargo and Bank of Nova Scotia were participant lenders.
RockPile Energy Services announced it closed on a $100 million revolver. Citibank acted as administrative agent, joint lead arranger and joint bookrunner.
LKQ announced it closed an amendment to its credit facility that increased the aggregate amount available thereunder from $1.8 billion to $2.3 billion.
Asure Software announced the refinancing of the company’s existing senior debt under a new credit agreement with Wells Fargo Bank. The facility has a new term loan of $15 million and a revolver of $3 million.
Nuverra Environmental Solutions announced it revised its existing revolver to increase the maximum availability under the Revised Facility from $200 million to $245 million.
BlueLinx Holdings announced it entered into an amendment to its revolver with a syndicate of banks led by Wells Fargo Bank to improve liquidity and provide up to an additional $20 million.