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Category: Corporate Banking


Activity, Corporate Banking

JPMorgan Chase Agents $1.35B in Facilities for MSG Networks

October 15, 2019

Via: ABF Journal

MSGN Holdings, an indirect wholly owned subsidiary of MSG Networks, entered into an amended and restated credit agreement with JPMorgan Chase Bank as administrative agent and the lenders party thereto. The credit agreement amends and restates MSGN Holdings’ prior credit […]


Activity, Corporate Banking

Jefferies Agents $525MM Term Loan for Virtu Financial

October 10, 2019

Via: ABF Journal

Subsidiaries of Virtu Financial closed their previously announced incremental $525 million senior secured first lien term loan. The term loan bears interest at the same rate as its existing term loan, currently LIBOR plus 350 basis points, and will mature […]


Activity, Corporate Banking

U.S. Bank Joins the U.S. Department of Treasury’s Bureau of the Fiscal Service Mentor-Protégé Program

October 2, 2019

Via: Yahoo

U.S. Bank will mentor First Independence Bank, a minority-owned community bank in Detroit, Mich., as part of the Bureau of the Fiscal Service Mentor-Protégé Program sponsored by the U.S. Department of Treasury. During the three-year commitment, U.S. Bank will provide […]


Activity, Corporate Banking

JPMorgan Chase Agents $275MM Funding to Support Forever 21 Restructuring

September 30, 2019

Via: ABF Journal

Fashion retailer Forever 21 and its U.S. subsidiaries have commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware. The company’s Canadian subsidiary filed for and was granted protection under the Companies’ Creditors Arrangement […]


Activity, Channels, Corporate Banking

Wells Fargo using blockchain for corporate international money transfers

September 18, 2019

Via: Bank Innovation

Wells Fargo is turning to blockchain to speed up cross-border money transfers for its corporate clients. The bank is using the technology to create a money transfer service it’s branding as Wells Fargo Digital Cash. The technology is still in […]


Activity, Corporate Banking

JPMorgan Agents $1.75B Facility for Restaurant Brands

September 17, 2019

Via: ABF Journal

Restaurant Brands closed a new term loan facility in an aggregate principal amount of $750 million and amended its existing revolving credit facility to provide for up to $1 billion of revolving extension of credit outstanding at any time. The […]


Activity, Corporate Banking

Capital One Agents Facility for Nova Medical Centers

August 29, 2019

Via: ABF Journal

Capital One served as the sole lead arranger and administrative agent for a senior secured credit facility for Nova Medical Centers, an occupational medicine provider with 50 locations in Texas, Georgia, Tennessee and Indiana. The facility will enable the company […]


Activity, Corporate Banking

Wells Fargo Agents $5.5B Facility for DaVita

August 19, 2019

Via: ABF Journal

DaVita has entered into a new $5.5 billion senior secured credit agreement with Wells Fargo Bank as administrative and collateral agent. The new credit agreement consists of a five-year secured revolving loan facility in an aggregate amount of $1 billion, […]


Activity, Corporate Banking

Barclays ends landmark crypto partnership with Coinbase

August 16, 2019

Via: Banking Technology

For Coinbase, the loss means it no longer has access to the UK Faster Payments Scheme (FPS), which allows customers to instantly withdraw and deposit sterling on its platform. The crypto exchange is now looking to replace Barclays with UK […]


Activity, Corporate Banking

BofML, Citi, Others Provide New $325MM Revolver for Vivint Solar

August 8, 2019

Via: ABF Journal

Vivint Solar closed a $325 million revolving warehouse facility, which refinanced the aggregation credit facility that was set to mature in 2020 The new warehouse reduces the cost of debt by 87.5 basis points and materially increases the amount of […]