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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
JPMorgan Chase Agents $215MM Credit Faciliy Upsize for Peabody
Wednesday, September 18, 2019
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Lenders/Participants
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JPMorgan Chase Bank [Administrative Agent]
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Structure
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$215MM Revolver Upsize
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Amount
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$565.000
Million
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Borrower(s)
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Peabody
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Description
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Upsizing of its revolving credit facility with additional commitments of $215 million (aggregate facility size of $565 million) and extended the maturity date for $540 million of the facility to 2023 as part of a comprehensive refinancing initiative. Additionally, the credit facility was amended to permit the company's pending PRB/Colorado joint venture with Arch Coal, Inc. Under the new agreement, JPMorgan Chase Bank replaces Goldman Sachs Bank USA as administrative agent, according to an SEC filing. The company's revolving credit facility will bear interest at a rate determined by a pricing grid based on first lien leverage, and the financial covenant is unchanged. The company continues to have $395 million aggregate principal amount outstanding under its term loan facility maturing in March 2025.
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Industry
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Energy
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| Related Tags |
JPMorgan Chase Bank
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ABL Advisor
Deal Tables
2024
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