According to an 8K filed with the SEC, Citibank served as administrative agent on a two-year, $6 million term loan for Honeywell. Citibank, Bank of America, JP Morgan Chase Bank and Wells Fargo served as syndications agents.
According to an 8K filed with the SEC, JPMorgan Chase Bank served as administrative agent for an increase of $60 million to $260 million for the senior secured revolving credit facility of UGI Energy Services, a subsidiary of UGI Corporation.
Wells Fargo increased the borrowing capacity of BWX Technologies’ revolving credit facility from $500 million to $750 million and also extended the maturity date to March 24, 2025.
The global trade finance market will grow at a CAGR of more than 4% or by $11.25 billion between 2020 and 2024, according to research and advisory company Technavio.
Ellen Patterson will join Wells Fargo as its senior executive vice president and general counsel, effective March 23, 2020. Patterson spent the previous seven years as group head and general counsel for TD Bank.
JPMorgan acted as sole bookrunner and lead arranger and will continue to serve as administrative agent and lender for an amended senior revolving credit facility for BRP Group. The amendment increased the committed line under the credit facility to $300 million.
Richard Levy, Wells Fargo’s executive vice president and chief accounting officer, has decided to retire after 18 years with the company. Levy, 62, will remain with the company through March 31.
Wells Fargo entered into agreements with the U.S. Department of Justice and the U.S. Securities and Exchange Commission to resolve their investigations into the company’s historical Community Bank sales practices and related disclosures.
Omnicom Group extended its multiyear revolving credit facility to February 2025. Amounts available for borrowings under the facility are unchanged at $2.5 billion.