Cases & Deals

JPMorgan Chase provides financing to privately held construction services company

Clients JPMorgan Chase Bank, N.A.

Jones Day represented JPMorgan Chase Bank, N.A., as agent and lender, in connection with the $112.5 million asset based facility, consisting of a $70 million term loan and a $42.5 million revolving facility, to a privately held company that provides slag processing services to steel mills and manufactures and distributes aggregates, concrete, and asphalt products. The transaction involved perfecting liens on the borrower’s mineral rights existing at several locations.