Bloomberg: BofA, Others Provide $7B Credit Line to CME
Bloomberg reported that Bank of America, Deutsche and others boosted the CME Group’s credit line from $5 billion to $7 billion.
Bloomberg reported that Bank of America, Deutsche and others boosted the CME Group’s credit line from $5 billion to $7 billion.
Reuters reported that JP Morgan, Bank of America Merrill Lynch, SunTrust and Wells Fargo are leading a $1.6 billion facility related to Advance Auto Parts’ General Parts International acquisition.
Quanta Services announced that it entered into an amended and restated credit agreement with a syndicate of lenders led by Bank of America and Wells Fargo.
Wells Fargo, J.P. Morgan and Citibank ranked at the top of the 2013 Most Improved Reputation List that ranks financial services companies with the most improved reputations in a survey conducted by Echo Research for communications firm Makovsky.
Wells Fargo reported record net income of $5.6 billion for Q3/13, up 13% from $4.9 billion for Q3/12. The bank said earnings performance was helped by a 59% improvement in Y/Y credit losses.
Birch Communications increased its credit capacity to $175 million. Union Bank joined Bank of America, PNC, Wells Fargo and CoBank in the credit with a commitment of $25 million.
According to the latest ranking by SNL Financial, JPMorgan, Bank of America, Citigroup and Wells Fargo remain the four largest banks in the U.S., while CIT Group is now #35 on the list after meeting SNL’s ranking criteria.
Jawbone raised $113 million in debt and equity financing; Silver Lake, Fortress Investment Group, J.P. Morgan, and Wells Fargo provided the debt financing, a Reuters source said.
Radiation Therapy Services upped a senior credit facility by $50 million. Wells Fargo served as administrative agent; Wells Fargo Securities, Suntrust and Morgan Stanley acted as joint lead arrangers/bookrunners.
Open Road Films extended its $100-million revolving credit facility through 2018, and Bank of America, Union Bank, OneWest Bank and Wells Fargo renewed commitments with the film company, the Los Angeles Times reported.