Borrowing Strategies

• G&K Services Loses Two Banks, Adds Two 07/30/2009 08:53 PM  

  Regions Bank and Bank Hapoalim have dropped out of a lending syndicate for a $300 million three-year revolver for G&K Services.

• Enterra Nixes Second-Lien 06/24/2009 04:11 PM  

  Enterra Energy Trust has eliminated its $15 million second lien credit facility and renewed its $110 million revolver.

• Calgon Carbon Ditches JPM As Admin Agent 05/18/2009 12:00 AM  

  Calgon Carbon has switched its administrative agent from JPMorgan to First Commonwealth Bank for its new five-year, $95 million credit facility, because the latter offered more attractive terms and a longer maturity.

• FirstEnergy Sub Issues Bonds, Takes Out Debt 04/24/2009 12:00 AM  

  First Energy subsidiary Toledo Edison is pricing $300 million senior secured notes this week as it looks to pay down $107 million in short-term debt.

• Cimarex Increases Facility To $800 Million 04/17/2009 12:00 AM  

  Cimarex Energy, a Denver-based oil and gas production company, has replaced its credit facility that was set to mature in 2010 and increased the size to $800 million from $500 million.