Tree Line Expands Lower Middle Market Lending with $267MM of New Capital

Tree Line Capital Partners expanded its lower middle-market direct lending platform with $267 million of new capital. The company also promoted Frank Cupido to partner.

Credit Suisse Agents $425MM Blucora Facility

Blucora closed a new $425 million credit facility with Credit Suisse as administrative agent and lead arranger.

RBC, SunTrust Agent $400MM Installed Building Products Refi

Installed Building Products entered into a $300 million term loan B facility and a $100 million ABL facility. Royal Bank of Canada and SunTrust Bank served as administrative agent for the facilities.

JPMorgan Agents National General Holdings Amendment

National General Holdings entered into an amendment to its existing $225 million credit agreement that increased its letter of credit sublimit to $112.5 million.

U.S. Bank Agents Lithia Motors Facility Upsize to $2.05B

Lithia Motors amended its credit agreement to increase its existing facility by $300 million to $2.05 billion and extended the maturity to July 2021. U.S. Bank served as administrative agent.

Wells Fargo Leads VOXX $155MM Refi

VOXX International entered into an amended $140 million credit facility with a $15 million sublimit for letters of credit and the right to increase the maximum revolver amount to $175 million.

GE Energy Financial Invests in Recurrent Solar Project

Recurrent Energy closed on a tax equity investment commitment with a unit GE Energy Financial Services for the 75 megawatt (MWac) Astoria 2 solar power project.

Santander Arranges Construction Debt to Support Recurrent Solar Project

Canadian Solar subsidiary Recurrent Energy closed on an equity commitment with GE Energy Financial Services for a 75 megawatt solar power project. A related debt facility was arranged by Santander and included Nord/LB, Radobank, Key Bank and CIT Bank.

Santander Arranges $260MM Financing for Solar Power Project

Recurrent Energy closed on a tax equity investment commitment with GE Energy Financial for a solar power project. Santander Bank arranged $260 million in financing, along with a five member bank club, to support the project.

JPMorgan Agents Star Gas Partners’ ABL Amendment

Star Gas Partners said it entered into an amended ABL revolver and term loan with a lender group led by JPMorgan Chase as administrative agent.