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....Senior Secured Bank Credit Facility (Local Currency) May 25, 2018, Affirmed B3(LGD3)
The firm's revolving bank credit facility is administered by Bank of Montreal and has 16 participating banks.
The funds to pay off the subordinated notes were reportedly provided by the company's operating cash flows and borrowings under the amended bank credit facility.
Lincoln Financial Group (NYSE: LNC) has said that the company has received commitments for a USD2bn bank credit facility, which includes a USD1.5bn credit facility allowing for the issuance of letters of credit expiring in 2015 and a 364-day USD500m credit facility.
M2 EQUITYBITES-April 19, 2016-Quantum extends bank credit facility to August 2017
(NASDAQ: FSC) said that two new lenders joined its syndicated bank credit facility led by ING Capital LLC, increasing the facility size by USD35m to USD415m from USD380m.
US-based Terex Corporation (NYSE: TEX) (Terex), a diversified global manufacturer in the areas of aerial work platforms, construction, cranes and materials processing, has announced a proposal to amend its bank credit facility.
M2 EQUITYBITES-March 25, 2016-W&T Offshore reports decline in revolving bank credit facility's borrowing base
Range Resources Corporation (NYSE:RRC), a US-based company that is focused on production of oil and natural gas, has announced a reaffirmation of a bank credit facility.
M2 EQUITYBITES-November 18, 2015-PostRock reports lower borrowing base on bank credit facility
(NYSE: NNN) amendment of its unsecured bank credit facility.
The company intends to use the net proceeds from the offering to repay outstanding indebtedness under a revolving bank credit facility to fund drilling and leasehold acquisition initiatives and for general corporate purposes.