WFCF, Others Lead JCPenney $2.35B Facility
J. C. Penney Company announced it closed its new $2.35 billion asset-based senior secured credit facility co-led by Wells Fargo, Bank of America Merrill Lynch, J.P. Morgan, Barclays and Goldman Sachs.
J. C. Penney Company announced it closed its new $2.35 billion asset-based senior secured credit facility co-led by Wells Fargo, Bank of America Merrill Lynch, J.P. Morgan, Barclays and Goldman Sachs.
The Wall Street Journal reported that Revel resort and casino filed for Chapter 11 bankruptcy protection, its second trip to bankruptcy court after emerging in May 2013.
Wells Fargo Capital Finance Canada provided an $8 million credit agreement to Renin Canada and Renin US. The financing comprised a $6.5 million revolving advance facility and a $1.5 million term loan.
Industrial Services of America announced that Wells Fargo provided new $17.8 million credit facility encompassing a $15 million ABL revolver and a $2.8 million equipment term loan.
Panera Bread Company announced that it secured a five-year, $100 million term loan from Bank of America, Wells Fargo and TD Bank.
Southcross Energy announced it will combine with TexStar Midstream. Citi is serving as financial advisor to Southcross; Barclays, Evercore Partners and UBS Investment Bank are serving as financial advisors to TexStar.
OSI Systems said it entered into an amendment to its credit facility that increases the amount available to $450 million. Wells Fargo was said to be the administrative agent for the lender group.
Eagle Rock Energy Partners said its lender group, led by Wells Fargo as administrative agent, approved an amendment to the partnership’s credit facility that allows for greater liquidity and certain relief through Q2.
Burdale Financial appointed Oliver Reece as associate director, Structured Finance, in Manchester. Reece previously worked with Barclays and Deloitte.
Allied Nevada Gold has signed a third amended and restated credit agreement with The Bank of Nova Scotia and Wells Fargo Bank that increases borrowing capacity from $40 million to $75 million.