TD Upsizes SBA Communications Facility to $3.65B

SBA Communications amended its credit facility, increasing the revolver from $1 billion to $1.25 billion and adding a new $2.4 billion term loan. TD Bank (Texas) served as administrative agent on the transaction.

Deutsche Bank Agents Upsize of GCP Revolver to $350MM

GCP Applied Technologies increased the aggregate principal amount of its revolving credit facility to $350 million. Deutsche Bank, New York Branch acted as both administrative and collateral agent on the transaction.

Deutsche Bank Upsizes Stars Group Facility to $3.01B

Global gaming technology provider The Stars Group increased its U.S. dollar and Euro denominated first lien term loans and revolving credit facility to a total of $2.79 billion and its revolver from $100 million to $225 million. Deutsche Bank served as administrative agent.

Goldman Sachs Supports Grace Acquisition of Albemarle Unit

W. R. Grace completed the $416 million acquisition of the Polyolefin Catalysts business of Albemarle Corporation. To support the purchase, Goldman Sachs served as administrative agent for a seven-year, $950 million term loan and a five-year, $400 million revolving credit facility.

JPMorgan Agents $2.9B Avis Budget Group Facility Extension

Avis Budget Group extended the term of its $1.8 billion senior revolving credit facility for an additional two years to 2023. The company also extended the maturity of its $1.1 billion term loan for an additional three years to 2025, with no change in interest rate charged.

Barclays, Deutsche Others Support CD&R American Greetings Buy

Clayton, Dubilier & Rice managed funds are acquiring a 60% ownership stake in American Greetings. The Weiss Family, descendants of Jacob Sapirstein, who founded the company in 1906, will retain a 40% stake in the business. Terms of the transaction were not disclosed.

SEC Institutes Action Against Deutsche Bank Securities

The SEC instituted an enforcement action against Deutsche Bank Securities for making false and misleading statements while negotiating sales of CMBS. The bank has agreed to pay more than $3.7 million to customers, which includes $1.48 million that was ordered as disgorgement.

Deutsche Provides $425MM Facility for Atkore International

Atkore International Group is repurchasing approximately 17 million shares of the company’s common stock from CD&R Allied Holdings for a purchase price of approximately $375 million. Deutsche Bank is providing a debt commitment letter of $425 million to support the transaction.

JPMorgan Chase Agents Aleris ABL Amendment

Aluminum-rolled product manufacturer Aleris International amended its 2015 ABL facility with JPMorgan Chase serving as administrative agent.

Goldman Sachs Agents $2.6B Facilities for VICI Properties

VICI Properties entered into two new credit facilities, totaling $2.6 billion. Goldman Sachs served as administrative agent for both transactions.