J.P. Morgan & Co. and Chemical Banking Corp. have won the mandate to lead a $2.5 billion loan for Burlington Northern Santa Fe Pacific Corp.
The loan is the first for the newly merged railroad, and replaces two
The new facility brings together the bank leaders for each company.
Chemical will serve as the administrative agent, and Morgan will act as
Each of the lead banks will underwrite $200 million and will be looking
The deal is divided into a $1 billion one-year revolving credit and a
A bank meeting is scheduled for Oct. 27.
Pricing on the deal was not yet available.