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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Hudson’s Bay Refinances Credit Facility With GE Retail Finance, Others
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Lenders/Participants
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GE Capital, Corporate Retail Finance [Administrative Agent, Collateral Agent, Swing Line Lender, Borrowing Base Agent]
Bank of America [Borrowing Base Agent]
GE Capital Markets Group [Joint Lead Arranger, Joint Bookrunner]
Merrill Lynch [Joint Lead Arranger, Joint Bookrunner]
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Structure
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$350MM Revolver & $200MM Term Loans - Refinance
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Amount
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$550.000
Million
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Borrower(s)
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Hudson's Bay Company / Lord & Taylor Holdings LLC
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Description
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HBC has fully repaid the U.S $205 million outstanding on its U.S. $450 million syndicated term loan with Credit Suisse Securities LLC and certain others with proceeds from a second amended and restated credit agreement dated as of May 23, 2013 (the Second Amended and Restated Credit Agreement).The Second Amended and Restated Credit Agreement provides for a U.S. $350 million revolving line of credit and an additional U.S. $200 million in term loans. It is secured by certain of the assets of Lord & Taylor Holdings LLC and its subsidiaries, matures five years from the closing date and contains representations and warranties, covenants and events of default, in each case customary for credit facilities of this nature. The current interest rate of the Second Amended and Restated Credit Agreement is LIBOR plus 2.25%
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Industry
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Retail
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| Related Tags |
Bank of America, GE Capital Corporate Retail Finance, GE Capital Markets, Merrill Lynch
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ABL Advisor
Deal Tables
2025
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