Wilmington Savings Fund Society Archives

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.

WSFS and Francisco Partners Provide $250MM Term Loan to 8×8

8×8, an integrated cloud communications platform provider, entered into a $250 million senior secured term loan facility in a transaction led by Francisco Partners. Wilmington Savings Fund Society will serve as administrative agent, with certain affiliates of Francisco Partners as lenders.

August 4, 2022 8x8 | Francisco Partners | J. Wood Capital Advisors | Skadden Arps Slate Meagher & Flom | Wilmington Savings Fund Society Ian Koplin

Rex Energy Files for Chapter 11; Angelo, Gordon to Agent $100MM DIP

Rex Energy filed a voluntary petition for Chapter 11 to facilitate a sale process for its remaining assets.

May 21, 2018 Angelo Gordon Energy Servicer | Macquarie Bank | Rex Energy | Wilmington Savings Fund Society Rita Garwood

BofA, WSFS Agent $290MM DIP for Ceneveo

As part of a Chapter 11 filing, Ceneveo completed DIP financing with Bank of America as administrative agent and collateral agent for a $190 million ABL faciity and $100 in term loan facility agented by the Wilmington Savings Fund Society.

February 5, 2018 Bank of America | Cenevo | Wilmington Savings Fund Society ABF Journal

Citizens Agents $32MM Facility for Dover Downs

Dover Downs Gaming & Entertainment modified its credit agreement, extending the maturity date to September 30, 2018 and adjusting the maximum borrowing limit to $32.5 million.

July 31, 2017 Citizens Bank | Dover Downs and Gaming | PNC | Wilmington Savings Fund Society ABF Journal

WSFS, Morgan Stanley Provide 21st Century Oncology DIP Financing

As part of its financial restructuring, 21st Century Oncology Holdings will receive $75 million in debtor-in-possession financing from its senior lenders to reduce long-term net debt by more than $500 million.

May 30, 2017 21st Century Oncology | Morgan Stanley | Wilmington Savings Fund Society ABF Journal

BofA Agents Up to $125MM ABL DIP for rue21

Retailer rue21 filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of Pennsylvania. The company has secured up to $125 million DIP financing from its existing ABL lenders with Bank of America as administrative agent.

May 16, 2017 Bank of America | JPMorgan Chase | rue21 | Wilmington Savings Fund Society ABF Journal

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