JPMorgan, Barclays Agent $1.4B Sustainable Facilities for CMS

CMS Energy and its primary subsidiary, Consumers Energy, completed the first syndicated sustainability-linked revolving credit facilities for a U.S. borrower. The aggregate $1.4 billion in new credit facilities will allow CMS to reduce its interest rate by meeting targets related to environmental sustainability.

PNC Leads $230MM Facility for Motorcar Parts of America

PNC Bank led a new five-year $230 million credit facility for Motorcar Parts of America. The facility includes a $200 million revolver and $30 million term loan.

Cortland Agents $165MM Term Loan for Itafos

Itafos and its subsidiaries closed a $165 million secured term loan facility with Cortland Capital Market Services as administrative agent

Great Rock Closes $25MM Term Loan for Zacky & Sons

Great Rock Capital completed a $25 million secured term loan for Zacky & Sons Poultry, a grower, processor and distributor of premium poultry.

ING Agents Inaugural $185MM Financing for Auramet

ING Capital led a $185 million syndicated financing on behalf of Auramet Trading and Auramet International, a precious metals merchant.

Highbridge Closes $25MM Term Loan for Teligent

Teligent entered into a credit agreement with Highbridge Capital Management, an existing stakeholder.

Encina Provides $20MM Revolver to Heritage Travelware

Encina Business Credit provided a $20 million asset-based revolving credit facility to Illinois-based Heritage Travelware.

Square 1 Provides $20.5MM Facility to Recursion Pharmaceuticals

Square 1 Bank provided a $20.5 million credit facility to existing client Recursion Pharmaceuticals, a biotechnology company specializing in artificial intelligence-enabled drug discovery.

MB Business Capital Provides $14.27MM Facility to FCL

MB Business Capital provided a new $14.27 million senior credit facility to Harwood Heights, IL-based FCL Graphics.

Wilmington Trust Agents $1.3B Term Loan for Cumulus Media

Cumulus Media successfully completed its financial restructuring and emerged from Chapter 11, reducing its debt by more than $1 billion.