FLEETCOR Technologies, a global business payments company, successfully closed on an amendment to its pro rata Term Loan A and Revolver A credit facilities. The transaction was leverage neutral and results in a $600 million increase in the Company’s...
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February 09, 2024, 08:02 AM
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Peabody, a leading coal producer, closed a new $320 million senior secured revolving credit facility maturing in January 2028, subject to certain conditions relating to the company's outstanding Convertible Senior Notes due March 1, 2028. Revolving...
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January 19, 2024, 07:55 AM
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Stoneridge entered into a new three-year $275 million senior secured revolving credit facility with a group of six banks, led by PNC Capital Markets, Bank of America Securities and JPMorgan Chase Bank as Joint Lead Arrangers. The new Facility...
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November 03, 2023, 08:03 AM
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PNC FIG Advisory, part of PNC Capital Markets announced an expansion to its client offerings through the introduction of PNC Asset Exchange, an online loan resource and marketplace for financial institutions. PNC Asset Exchange is powered by...
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August 17, 2023, 07:52 AM
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Service Properties Trust entered into a new $650 million secured revolving credit facility. The maturity date of the new facility is June 29, 2027, and includes two six-month extensions at the borrower’s option. Interest paid on drawings under the...
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July 07, 2023, 07:55 AM
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Helios Technologies, a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced an additional term loan of $150 million from the company’s existing Accordion facility.“The new term loan...
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May 18, 2023, 07:46 AM
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Koppers Holdings, an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, closed a 7-year $400 million senior secured Term Loan B (TLB), which will bear interest, at the company's option, at adjusted...
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April 14, 2023, 07:49 AM
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Federal Signal Corporation, a leader in environmental and safety solutions, announced the completion of a new five-year $800 million credit facility, to replace its existing $500 million credit facility. The new facility is comprised of a $675...
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October 25, 2022, 07:53 AM
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PNC Bank closed a $900 million senior secured credit facility for Big Lots, Inc. PNC served as Administrative Agent for the facility and PNC Capital Markets LLC served as Joint Lead Arranger and Joint Bookrunner.“Big Lots has been a long-time client...
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October 21, 2022, 08:00 AM
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Avid, a leading technology provider that powers the media and entertainment industry, entered into an amended secured credit facility with JPMorgan Chase Bank and a syndicate of banks, including $186.7 million in senior secured term loans and a $120...
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October 14, 2022, 07:07 AM
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Sabre Corporation refinanced a portion of its existing indebtedness. Sabre incurred no additional indebtedness as a result of the refinancing above the refinanced amount, other than amounts covering the original issue discount (OID), certain interest...
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August 16, 2022, 07:49 AM
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Greenbacker Renewable Energy Company, a leading owner and operator of sustainable infrastructure and energy efficiency projects, entered into a senior credit agreement of $76.3 million with joint lead arrangers Fifth Third Bank and PNC Capital...
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April 20, 2022, 07:50 AM
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Diversified Healthcare Trust amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to January 2024. The key terms of the amendment include:
DHC has extended the maturity date of its...
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February 24, 2022, 07:11 AM
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Ryder System executed a new $1.4 billion five-year global revolving credit facility, which includes 11 global institutions, and will expire on December 14, 2026. The credit facility will be used for working capital and other general corporate...
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December 21, 2021, 07:44 AM
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Rite Aid Corporation (NYSE: RAD) entered into an amendment to its senior secured credit agreement, which, after giving effect to the amendment, consists of a $2.8 billion senior secured asset-based revolving credit facility and a $350 million...
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August 24, 2021, 08:00 AM
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Organogenesis Holdings announced a new credit agreement with Silicon Valley Bank, the lead agent, and several other lenders. The agreement provides for a credit facility in the aggregate principal amount of $200 million, consisting of a $75 million...
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August 10, 2021, 07:45 AM
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Acadia Realty Trust closed on a $700 million amended and restated credit facility, which replaces the Company’s existing $600 million credit facility. The amended and restated credit facility provides for an increase in the Company’s existing...
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July 06, 2021, 07:17 AM
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Harsco Corporation amended its existing senior secured credit agreement by completing a new term loan B facility (the “New Term Loan”) of $500.0 million and extending the maturity of the existing $700.0 million revolving credit facility thereunder...
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March 11, 2021, 07:10 AM
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STAG Industrial increased the capacity of the Company's unsecured credit facility to $750 million and refinanced $300 million of term loan debt. The Company exercised the accordion option of its unsecured credit facility capacity and increased its...
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February 09, 2021, 07:00 AM
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Avid Technology entered into a new five-year $180 million term loan and $70 million revolving credit facility with JPMorgan Chase Bank, N.A. and a syndicate of banks. The proceeds from the new term loan, plus available cash on hand, were used to...
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January 06, 2021, 08:00 AM
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NeoGenomics, Inc. (NEO), a provider of cancer-focused genetic testing services, announced that the company has entered into a new $250 million five-year Senior Secured Credit Agreement consisting of a $100 million Revolving Credit Facility, a $100...
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July 01, 2019, 08:45 AM
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Rite Aid Corporation announced that it has entered into a new senior secured credit agreement, consisting of a $2.7 billion senior secured asset-based revolving credit facility and a $450 million “first-in, last out” senior secured term loan facility...
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December 21, 2018, 09:03 AM
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Global performance improvement solutions provider GP Strategies Corporation announced that it has entered into a new five-year $200 million credit facility with a syndicate of lenders led by PNC Capital Markets LLC and Wells Fargo Securities, LLC, as...
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December 06, 2018, 07:17 AM
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Triton International Limited, the world’s largest lessor of intermodal freight containers, announced its wholly owned subsidiary, Triton Container International Limited (TCIL), entered into a $1 billion term loan facility led by PNC Capital Markets...
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December 05, 2018, 07:09 AM
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Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, announced that it has completed the amendment and extension of its unsecured revolving...
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August 15, 2018, 08:10 AM
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Ramco-Gershenson Properties Trust announced that it has closed on its amended and restated $350 million unsecured revolving credit facility. The credit facility matures September 2021 and can be extended one year to 2022 through two six-month options...
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September 15, 2017, 08:00 AM
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Internap Corporation, a provider of high-performance Internet infrastructure including Colocation, Cloud, and Network Services, announced that it closed on $325 million in new credit facilities to complete its senior secured debt refinancing in an...
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April 11, 2017, 07:47 AM
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84 Lumber Company announced it has closed on a new $350 million Senior Secured Term Loan B (“TLB”) and refinanced its existing credit facility with a new $350 million Asset Based Revolving Credit Facility (“ABL Revolver”). The TLB and ABL Revolver...
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October 31, 2016, 08:14 AM
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PNC Bank, N.A., and its affiliate, PNC Equipment Finance, LLC, completed a $90 million multifaceted financing package for James Marine, Inc., a Kentucky-based provider of marine services serving the U.S. inland waterway industry. The financing pairs...
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September 13, 2016, 07:30 AM
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Capital One announced a significant expansion to its Financial Institutions Group with the appointment of four senior professionals. Managing Director Mahesh Rajagopalan and Directors Dan Tsacoumangos and Daniel Strong will report to Dave Kucera...
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September 07, 2016, 07:19 AM
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Terreno Realty Corporation, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced the closing of a $350 million amended and restated senior unsecured credit facility (the “Facility”) to replace its...
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August 02, 2016, 07:16 AM
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PNC Bank announced the appointment of Joseph G. Meterchick as the new regional president for Philadelphia, Delaware and Southern New Jersey, effective July 8. Meterchick assumes the role from Paula Fryland who is retiring from PNC after a nearly...
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July 07, 2016, 07:47 AM
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Praesidian Capital, a leading provider of senior and subordinated debt for small and mid-sized companies, announced today that Bill Johnston was hired as an associate. Johnston joins Praesidian from PNC Capital Markets LLC where he worked in the Loan...
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June 29, 2016, 07:05 AM
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Wabtec Corporation has signed a new bank agreement that includes a $1.2 billion revolving credit facility and a $400 million term loan. The revolving credit facility has a five-year term and replaces the company's previous revolver of $800 million...
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June 24, 2016, 07:17 AM
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Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, announced the expansion of its existing credit facility from $240 million to $400 million, to fund its...
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June 20, 2016, 07:36 AM
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Ampco-Pittsburgh Corporation announced the closing of a new five-year senior secured asset-based revolving credit facility of up to $100.0 million, with a $50.0 million accordion feature. For the credit facility, PNC Capital Markets LLC and F.N.B....
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May 24, 2016, 08:01 AM
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PNC Bank, N.A., announced the closing of a $200 million asset-based revolving credit facility for Concordance Healthcare Solutions, a leading healthcare distributor based in Tiffin, OH. PNC Capital Markets LLC acted as joint lead arranger on the...
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May 18, 2016, 07:55 AM
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KPS Capital Partners announced its portfolio company American & Efird Global (A&E) has completed a successful recapitalization. A&E raised approximately $275 million of financing, including a $65 million cash flow revolving credit facility and an...
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July 20, 2015, 07:29 AM
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Bob Evans Farms, Inc. announced it amended its existing $750 million credit facility. The amended terms of the credit facility allow, subject to stated requirements, the repurchase of up to $150 million of shares in fiscal year 2016, and increases...
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May 18, 2015, 07:36 AM
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Exide Technologies, a global leader in stored electrical-energy solutions, announced that its Plan of Reorganization became effective today and that the company has emerged from Chapter 11 as a newly reorganized company. As previously announced, the...
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May 01, 2015, 07:56 AM
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PNC Bank announced a syndication of $210 million in senior secured revolving credit for grocery retailer Haggen, Inc., a portfolio company of Comvest Partners. PNC Capital Markets LLC syndicated the transaction as sole lead arranger and bookrunner...
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April 01, 2015, 07:51 AM
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Abercrombie & Fitch Co. announced that it has initiated a process to refinance its existing credit facilities. The existing credit facilities consist of a $350 million unsecured revolving credit facility maturing July 27, 2016 and a $150 million...
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July 15, 2014, 07:23 AM
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Quad/Graphics, Inc., announced today that it has completed its previously announced $1.9 billion debt financing that includes refinancing, extending and expanding its $1.6 billion senior secured credit facility consisting of a five-year $850 million...
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April 29, 2014, 07:44 AM
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M.D.C. Holdings, Inc. entered into a new five-year $450 million unsecured revolving credit facility. The new facility permits an increase in the maximum commitment amount to as much as $1 billion, subject to receipt of additional commitments from...
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December 17, 2013, 07:29 AM
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PPL Corporation announced a new financing arrangement with 21 regional and local banks in eastern and central Pennsylvania to provide a $300 million revolving credit facility that will be used for general corporate purposes, including infrastructure...
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November 13, 2013, 06:13 AM
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Calgon Carbon Corporation announced the closing of a new $300 million syndicated credit facility. The facility refinanced existing debt and provides an additional $175 million of borrowing capacity. The new credit facility will be available for...
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November 08, 2013, 07:43 AM
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Johnson Outdoors Inc. announced a new streamlined structure of the company's debt. The new loan agreement replaces the company's current revolving credit facility and is expected to reduce annual borrowing costs. Key highlights of the new debt...
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September 20, 2013, 07:55 AM
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