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Article: JPMorgan Underwrites $2.85B for Denbury.(Loan Market Buzz)
- Article from:
- Bank Loan Report
- Article date:
- November 9, 2009
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Byline: Editorial Staff
JPMorgan last week underwrote a $2.85 billion credit facility to back Denbury Resources's acquisition of Encore Acquisition Co.The credit facility will consist of a $1.25 billion bridge loan and a $1.6 billion revolver. Price talk has yet to be announced. As 2009 deals go, the size of this one is surpassed only by the $3.2 billion facility to back Warner Chilcott's acquisition of Procter & Gamble's prescription-drug unit. It also represents the second $1 billion-plus deal that was announced last week, along with a $2.5 billion credit facility to back fertilizer maker CF Industries' acquisition of Terra Industries. That facility, which ...