Fifth Street Improves Pricing on Wells Fargo Facility
Fifth Street Finance announced an amendment to its credit facility with Wells Fargo, which includes a 25 basis point reduction in pricing to LIBOR plus 2.5%, with no LIBOR floor.
Fifth Street Finance announced an amendment to its credit facility with Wells Fargo, which includes a 25 basis point reduction in pricing to LIBOR plus 2.5%, with no LIBOR floor.
Cronos Holding Company said its indirect wholly owned subsidiary, CF Leasing, has entered into a $550 million five-year revolving credit agreement with a group of banks led by Bank of America and SunTrust Bank.
Wapiti Energy Holdings closed a $375 million acquisition of producing oil fields properties owned by Layline Petroleum, and its affiliates. Funding was provided by Wells Fargo and Scotiabank.
Encore Capital Group closed a $100 million asset-backed revolver with Wells Fargo Bank. The facility will be used to finance the acquisition of tax lien certificates from municipalities in multiple states.
Staffing firm On Assignment said it closed a new $500 million credit facility with Wells Fargo serving as administrative agent, swing line lender and a letter of credit issuer.
Celadon Group increased its credit facility to $200 million and reset the term on its five-year, revolving credit facility agented by Bank of America. Wells Fargo served as syndication agent.
Erickson Air-Crane said it entered into a new $100 million revolving credit facility with a Wells Fargo led group of financial institutions including Bank of the West, Deutsche Bank Americas and HSBC Bank USA.
Denny’s announced it entered into a new five-year, $250 million senior secured bank credit facility. Wells Fargo Securities, Regions Capital Markets and GE Capital Markets served as the joint lead arrangers and joint bookrunners.
ABF Journal illustrator Jerry Gonzalez shares his interpretation of J.C. Penney increasing its borrowing capacity by $100 million through a 27-bank lender group led by JPMorgan.
Oasis Petroleum entered into a second amended and restated credit agreement with its bank syndicate, led by Wells Fargo as administrative agent, increasing the overall facility to $2.5 billion.