The facility was financed through a syndication of 10 financial institutions, co-led by Bank of America, N.A., JP Morgan Chase, N.A., and Wells Fargo, N.A., with Mizuho Bank, Ltd., Barclays Bank plc, and U.S. Bank, N.A., acting as co-documentation agents. The new facility was timed to capitalize on current favorable market conditions and replace the company's existing $700 million credit facility, which was due to expire in June, 2016.