Banco Latinoamericano de Comercio Exterior, which does business as Bladex, closed a $368 million A/B loan facility, under IDB Invest´s A/B loan structure, and $27 million associated debt service reserve letter of credit facility for AES Dominicana Renewable Energy.
MKS Instruments completed the repricing of its existing $3.6 billion secured tranche B term loan. JP Morgan acted as the sole lead arranger and sole bookrunner for the tranche B term loan repricing.
Walker & Dunlop closed a $200 million incremental loan under its senior secured term loan facility. The incremental term loan bears interest at a rate equal to adjusted Term SOFR plus 3.00% per annum and matures in December 2028. JP Morgan served as administrative agent and lead arranger.
Walker & Dunlop announced plans to borrow an incremental $200 million under its senior secured term loan agreement, increasing the total outstanding principal balance to $795 million.
Ares Capital increased commitments under its revolving credit facility to approximately $4.8 billion and extended the final maturity date. The facility is led by JP Morgan, Bank of America, Truist, MUFG Bank, SMBC and Wells Fargo and includes a total of 39 lenders.
SmartRent entered into a $75 million senior secured revolving credit facility with a five-year term. Silicon Valley Bank, serving as lead arranger and administrative agent, and J.P. Morgan provided the facility.
Electrolux signed an agreement for an inaugural sustainability-linked revolving credit facility of €1 billion ($1.12 billion). The coordinating bookrunners and mandated lead arrangers for the facility are Citi and SEB.
The Children’s Place refinanced its revolving credit facility and term loan with a new lending group led by an affiliate of Wells Fargo. The new debt consists of a revolving credit facility with $350 million of availability and a $50 million term loan.
Virtus Investment Partners completed the refinancing of its existing credit agreement with a $275 million term loan and $175 million revolving credit facility. Morgan Stanley arranged the term loan as the lead arranger and bookrunner and the credit facility as lead arranger and administrative agent.
Tupperware Brands prepaid $58 million of its term loan debt from Angelo Gordon and JP Morgan. In addition, its board of directors authorized share repurchases of up to $250 million of the company’s outstanding shares of common stock.