FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

RBC, SunTrust Arrange Upsize for NXT Capital

April 10, 2017, 07:06 AM
Filed Under: Lender Finance

NXT Capital, LLC announced that its senior secured term and revolving loan facility has increased from $350 million to $425 million with the issuance of an additional $75 million term loan.

"The term loan is an attractive source of long-term growth capital and we appreciate investors' very favorable response to this increase and their continued support of NXT's business," said Tom Bax, Managing Director, Treasurer of NXT Capital. "The proceeds from this upsizing will be utilized for general corporate purposes, including a distribution to shareholders of NXT Capital. NXT Capital continues to maintain a prudent liquidity and leverage profile as noted by Moody's and Standard & Poor's when they re-affirmed their ratings of NXT in conjunction with this transaction."

Royal Bank of Canada and SunTrust Robinson Humphrey served as joint lead arrangers and bookrunners for the transaction.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.