The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Bank of America Agents $1.75B Revolver for Total Systems Services
Lenders/Participants
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Bank of America [Administrative Agent, L/C Issuer] JPMorgan Chase Bank [Syndication Agent, Joint Lead Arranger, Joint Bookrunner] MUFG [Co-Documentation Agent] Capital One [Co-Documentation Agent, Joint Lead Arranger, Joint Bookrunner] Regions Bank [Co-Documentation Agent] SunTrust Bank [Co-Documentation Agent] TD Bank [Co-Documentation Agent] U.S. Bank [Co-Documentation Agent] Wells Fargo Bank [Co-Documentation Agent] Bank of America Merrill Lynch [Joint Lead Arranger, Joint Bookrunner] SunTrust Robinson Humphrey [Joint Lead Arranger, Joint Bookrunner] TD Securities [Joint Lead Arranger, Joint Bookrunner]
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Structure
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Revolving Senior Credit Facility
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Amount
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$1.750
Billion
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Borrower(s)
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Total System Services, Inc.
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Description
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The Credit Agreement provides the Company with a $1.75 billion five-year revolving senior credit facility, which includes a $50 million sub-facility for the issuance of standby letters of credit. The Credit Agreement was used to repay (i) in full, borrowings under that certain Credit Agreement dated February 23, 2016, among the Company, JPMorgan Chase Bank, N.A., as administrative agent and the lenders party thereto, as amended, and (ii) in part, borrowings under that certain Credit Agreement dated January 10, 2018, among the Company and Bank of America as administrative agent and the lenders party thereto, as amended. In addition, amounts from the Credit Agreement will be available for working capital and other general corporate purposes, including to finance acquisitions and the repurchase by the Company of the Company’s capital stock. Borrowings under the Credit Agreement will accrue interest at either the base rate (as defined in the Credit Agreement) or, for certain euro-denominated borrowings, the London Interbank Offered Rate (“LIBOR”), in each case plus a margin based on the Company’s corporate credit ratings. The applicable margin for loans bearing interest based on LIBOR ranges from 0.900% to 1.500%. The applicable margin for loans bearing interest based on the base rate ranges from 0.000% to 0.500%
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Industry
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Business Services
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Related Tags |
Bank of America, Bank of America Merrill Lynch, Capital One, JPMorgan Chase Bank, MUFG Bank, Regions Bank, SunTrust Bank, SunTrust Robinson Humphrey, TD Bank, U.S. Bank, Wells Fargo Bank, Wells Fargo Securities
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ABL Advisor
Deal Tables
2024
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