TransactionsJones Apparel Group, Inc. Enters into US$650 Million Credit Facility with JPMorgan Chase Bank, N.A. as Administrative AgentPublished: 05/25/2009 By Suhuyini Abudulai, Maxwell Gotlieb, Bruce McNeely, Alex Tarantino On May 13, 2009, Jones Apparel Group, Inc. entered into a US$650,000,000 three year revolving credit facility (availability up to USD $700,000,000 subject to certain conditions) with JPMorgan Chase Bank, N.A. as administrative agent. Jones Apparel Group, Inc. and certain of its U.S. subsidiaries were U.S. borrowers. Jones Apparel Group Canada, LP was the Canadian borrower. The lender syndicate included JPMorgan Chase Bank, N.A. as administrative agent, JPMorgan Chase Bank, N.A., Toronto Branch as Canadian administrative agent, JPMorgan Chase Bank, N.A. and General Electric Capital Corporation as joint collateral agents, Citibank, N.A. as syndication agent and Bank of America, N.A, Wachovia Bank, National Association and SunTrust Bank as documentation agents. Cassels Brock & Blackwell LLP acted for Jones Apparel Group Canada, LP with a team that included Maxwell Gotlieb, Bruce McNeely, Alex Tarantino and Suhuyini Abudulai. |