|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Bank of America Agents Revolver Upsize for Paramount Group
Wednesday, January 17, 2018
|
Lenders/Participants
|
Bank of America [Administrative Agent]
Merrill Lynch [Joint Lead Arranger, Joint Bookrunner]
Wells Fargo Securities [Joint Lead Arranger, Joint Bookrunner]
JPMorgan Chase Bank [Joint Bookrunner, Syndication Agent, Joint Book Manager]
Morgan Stanley Senior Funding [Joint Lead Arranger, Joint Bookrunner]
U.S. Bank [Joint Lead Arranger]
Wells Fargo Bank [Syndication Agent]
|
|
Structure
|
Revolving Credit Facility Upsize
|
|
Amount
|
$1.000
Billion
|
|
Borrower(s)
|
Paramount Group Operating Partnership LP
|
|
Description
|
Company extended its revolving credit facility from November 2018 to January 2022, with two six-month extension options, and increased its capacity to $1.0 billion from $800.0 million. The interest rate on the extended facility, at current leverage levels, was lowered by 10 basis points from LIBOR plus 125 basis points to LIBOR plus 115 basis points, and the facility fee was reduced by 5 basis points from 25 basis points to 20 basis points.
|
|
Industry
|
Real Estate
|
| Related Tags |
Bank of America, JPMorgan Chase Bank, Merrill Lynch, Morgan Stanley Senior Funding, U.S. Bank, Wells Fargo Securities
|
ABL Advisor
Deal Tables
2025
|
|
|
|