Banks Launch $1.5B TL for Frac Tech Buyout
- Banks Add Step-Down to Frac Tech Loan. Sheahan, Matthew // High Yield Report;5/9/2011, Vol. 22 Issue 19, p30
The article reports that a step-down feature has been included by Citigroup and Bank of America Merrill Lynch to the 1.7-billion U.S. dollar loan package of Frac Tech.
- Banks Launch $1.5B TL for Frac Tech Buyout. R. K. // Leveraged Finance News;4/25/2011, Vol. 1 Issue 17, p1
The article reports on the launch of a 1.5 billion term loan by Citigroup Inc. and Bank of America Corp. to support the buyout for Frac Tech Services in the U.S. in 2011. Frac Tech is reportedly being acquired by several investors including Temasek, RRJ Capital and Maju Investments. According to...
- Price Talk Set on Frac Tech Term Loan. Sheahan, Matthew // High Yield Report;5/2/2011, Vol. 22 Issue 18, p36
This article reports on the establishment of price talk on a term loan for fracturing service provider Frac Tech in 2011.
- Syndicated Loans. // Business Review (Federal Reserve Bank of Philadelphia);2007 Third Quarter, p2
The article focuses on the syndicated loan market in the U.S. which has grown from $137 million of new syndicated loans in 1987 to over $1 trillion in 2006. It is said to be an efficient way to lend to its larger customers while maintaining a diversified loan portfolio. At present, 62% of the...
- The Balancing Act: BofA Focuses on Getting it Right. S.I. // High Yield Report;1/21/2002, Vol. 13 Issue 3, p7
Discusses syndicated lending plans of the Bank of America in 2002.
- BofA Shops $100M TL for Telecom Acquisition. Kellerhals, Richard // High Yield Report;4/18/2011, Vol. 22 Issue 16, p4
The article reports that the Bank of America Merrill Lynch has launched a syndication on a 100 million U.S. dollars term loan B that will support the acquisition of Xeta Technologies by PAETEC Holdings.
- B of A Changes Syndication Sales Terms. Schmelkin, Alissa // American Banker;8/2/2002, Vol. 167 Issue 147, p20
Reports that Bank of America Corp. is changing the assignment provisions in its standard syndicated loan documentation as of August 01, 2002. Effect of the change.
- Buyouts Propel 19% Jump in Syndicated Loans. WEIDNER, DAVID // American Banker;10/4/1999, Vol. 164 Issue 190, p1
Reports on the increase in leveraged syndicated lending activity of banks in the United States during the third quarter of 1999. Seasonal nature of syndicated lending; Number of loan packages approved through September 30; Chase Manhattan Corp.'s dominance of the leveraged lending sector; Major...
- BOA Seeks to Keep the Balance. Iyer, Savita // Bank Loan Report;01/21/2002, Vol. 17 Issue 3, p1
Reports on the plan of the Bank of America to focus on balancing the financial terms and returns it will syndicate in 2002. Purpose of the move; Outlook on bank loan deals for 2002; Difficulty in structuring a deal in a popular sector.