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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wells Fargo Agents $850MM Credit Agreement for TD Ameritrade
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Lenders/Participants
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Wells Fargo Securities [Joint Bookrunner, Joint Lead Arranger]
Barclays Bank [Joint Bookrunner, Joint Lead Arranger]
Citibank [Joint Lead Arranger, Joint Bookrunner]
JPMorgan Chase Bank [Joint Bookrunner, Joint Lead Arranger]
U.S. Bank [Joint Bookrunner, Joint Lead Arranger]
TD Securities [Joint Bookrunner, Joint Lead Arranger]
Wells Fargo Bank [Administrative Agent]
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Structure
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Senior Unsecured Revolver
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Amount
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$850.000
Million
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Borrower(s)
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TD Ameritrade Clearing, Inc.
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Description
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A new $850 million senior unsecured revolving loan facility. The maturity date of the Credit Agreement is May 16, 2019. Borrowings under the Credit Agreement may be used for working capital needs and for general corporate purposes. The applicable interest rate under the Credit Agreement is calculated as a per annum rate equal to, at the option of TDAC, (a) LIBOR plus an applicable margin, which is currently 1.00% (Eurodollar loans) or (b) the federal funds effective rate plus an applicable margin, which is currently 1.00% (“Federal Funds Rate loans”). The applicable margins for both Eurodollar loans and Federal Funds Rate loans under the Credit Agreement will be reduced in the event of certain improvements in Parent’s senior unsecured long-term debt ratings (subject to a minimum of 0.75% for both Eurodollar loans and Federal Funds Rate loans) and will be increased in the event of certain reductions in Parent’s senior unsecured long-term debt ratings (subject to a maximum of 1.25% for both Eurodollar loans and Federal Funds Rate loans). TDAC pays an annual commitment fee which is a percentage of the unused capacity of the Credit Agreement. The commitment fee varies based on Parent’s senior unsecured long-term debt ratings and is currently 0.08%.
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Industry
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Investment Financing
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| Related Tags |
Barclays Bank PLC, JPMorgan Chase Bank, TD Securities, U.S. Bank, Wells Fargo Bank, Wells Fargo Securities
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ABL Advisor
Deal Tables
2025
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