Hallador Energy entered into a $140 million credit agreement with PNC Bank as the administrative agent, extending the term of the agreement through 2026.
First Solar entered into a five-year revolving credit and guarantee facility for $1 billion. The facility includes up to $250 million which is available for the issuance of letters of credit. JPMorgan Chase Bank acted as lead arranger and is administrative agent for the facility.
Service Properties Trust entered into a $650 million secured revolving credit facility. Wells Fargo Securities, PNC Capital Markets and BMO Harris Bank are the joint lead arrangers and joint lead bookrunners for the credit facility.
Concrete Pumping amended and restated an existing ABL credit agreement for a subsidiary to provide up to $225 million (previously $160 million). The $50 million in incremental commitments was provided by PNC Bank, which joined the facility as a joint lead arranger, while $15 million in incremental commitments was provided by JPMorgan Chase.
Griffin Global Asset Management upsized its senior secured warehouse facility to $2 billion with a syndicate of 12 banks. UMB Bank is acting as the administrative agent and security trustee for the facility.
Glatfelter Corporation, a supplier of engineered materials, completed several refinancing transactions, including amending its syndicated revolver led by PNC and closing on a $271.88 million term loan from Angelo Gordon.
Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank.
Evans Transportation Services closed a new credit facility with PNC Bank to support the company’s current growth trajectory, which includes a revenue increase from $80 million to $400 million since 2018.
Gibraltar Industries closed on a $400 million five-year revolving credit facility. KeyBanc Capital Markets, Bank of America, M&T Bank and PNC Bank acted as joint lead arrangers for the new facility, with Comerica Bank, TD Bank and Wells Fargo serving as co-documentation agents.
Atlantic Squared Supply acquired Metal Roofing Systems and Metal Roofing Systems & Supply with financing provided by TCW Asset Management Company and PNC Bank. FocalPoint served as co-advisor to Atlantic Squared, along with Statesman Business Advisors.