BofA Agents New $150MM ABL for Basic Energy

Basic Energy Services entered into a new $150 million asset-based lending credit facility that is secured by its accounts receivable and related assets.

UBS Agents Amendment on Sears Credit Agreement

Sears Holdings amended its March 14, 2018 credit agreement, with UBS, Stamford Branch serving as administrative agent and UBS Securities acting as lead arranger and bookrunner.

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.

Credit Suisse Agents New $1B Facility for Calpine

Calpine closed a new $1 billion first lien term loan facility maturing in January 2025. Credit Suisse served as administrative agent for the transaction.

Wells Fargo Agents $200MM Upsize for CVR Refining

CVR Refining and its subsidiaries amended the company’s ABL credit agreement, allowing for an increase in borrowings of up to $200 million.

Credit Suisse Agents $1.8B Term Loan for TransDigm

TransDigm closed a term loan of $1.8 billion maturing in 2024 at a rate of LIBOR + 3.00% and repaid in full the existing tranche C term loans, pursuant to an amendment to its existing credit agreement.

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.

Credit Suisse Agents $1.43B Facility for Caesars

Caesars Entertainment and its Chapter 11 debtor subsidiaries finalized pricing of $1.435 billion of senior secured credit facilities, consisting of a $1.235 billion seven-year senior secured term loan facility and a $200 million five-year senior secured revolving credit facility.

BofA Agents $1.5B Facility for Penn National Gaming

Penn National Gaming entered into new senior secured credit facilities and completed its previously announced refinancing. Bank of America served as administrative agent and collateral agent.

Wells Fargo Agents Southcross Energy Facility Downsize

Southcross Energy Partners has secured an amendment to its revolving credit agreement, providing for a reduction of the total revolver commitment from $200 million to $145 million, with further reductions to $115 million by December 31, 2018.