Wells Fargo Securities Archives - Page 3 of 32

Syndicate of Lenders Upsize and Extend Maturity of Park Hotels & Resorts’ Credit Facility to $950MM

Park Hotels & Resorts amended and restated its existing $901 million revolving credit facility to increase total capacity to $950 million, extend the maturity from December 2023 to December 2026, and release all collateral securing the credit.

KeyBanc Capital Markets Leads $700MM Refinancing of Sterling Check’s Credit Facility

Sterling Check closed a $700 million refinancing of the company’s credit facility and the authorization of a $100 million share repurchase program.

Wells Fargo Leads $800MM Credit Facility for Federal Signal

Federal Signal, a provider of environmental and safety solutions, completed a new five-year, $800 million credit facility to replace its existing $500 million credit facility. Wells Fargo will serve as administrative agent, swingline lender and issuing lender for the facility.

Service Properties Trust Amends Credit Agreement with Syndicate of Lenders

Service Properties Trust (SVC) amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to July 2023.

Stifel Advises Westrock Coffee’s Business Combination with Riverview Acquisition Corporation

Westrock Coffee Company closed its business combination transaction with Riverview Acquisition Corp. In addition, the company entered into a new credit agreement that includes a $175 million senior secured first lien term loan facility and a $175 million senior secured first lien revolving credit facility.

JPMorgan Chase Bank Leads $140MM Senior Secured Credit Facility for Benefitfocus

Benefitfocus entered into a loan agreement led by JPMorgan providing for a senior secured credit facility in the amount of $140 million to replace the company’s existing revolving line of credit.

August 19, 2022 Alpana Wegner | Benefitfocus | JPMorgan Chase Bank | Regions Bank | Wells Fargo Securities Ian Koplin

Six Lenders Increase and Extend CBRE’s Credit Agreement to $3.5B

CBRE Group entered into a new five-year revolving credit agreement that increases its revolving credit facility to $3.5 billion from $3.15 billion.

Citibank, Wells Fargo and M&T Bank Close $500MM Credit Facility with Hersha Hospitality Trust

Hersha Hospitality Trust closed on the refinancing of a $500 million senior secured credit facility and the closing of the first tranche of six of the previously announced disposition of seven non-core Urban Select Service properties.

JPMorgan Agents $225MM Debt Facility for Waldencast Acquisition

Waldencast Acquisition entered into a credit agreement that features $225 million in term loan and revolving credit facilities. JPMorgan Chase Bank is the administrative agent.

JPMorgan Chase Heads Lending Group on $1.5B ESG-Linked Revolving Credit Facility with KLA

KLA closed an inaugural $1.5 billion sustainability-linked revolving credit facility. The new five-year facility reinforces the company’s commitment to its environmental, social, and governance programs and goals.

June 9, 2022 Bank of America Securities | Bren Higgins | Citibank | KLA | Wells Fargo Securities Ian Koplin

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