Sterling Provides $19.8MM Refi for Air Industries Group

Air Industries Group entered into a new three-year, $19.8 million credit facility, consisting of a $16 million revolving credit line, and a $3.8 million term loan with Sterling National Bank.

Credit Suisse Agents $95MM Revolver for Sunnova

Sunnova Energy International has closed an aggregate $150 million in financing through an approximately $95 million revolving asset-based loan facility.

ATB Provides $44MM Facility for Maxim Power

Maxim Power and certain of its subsidiaries entered into a credit agreement with ATB Financial for a 35-month term that provides for senior debt financing of up to $44 million plus a cash collateralized letter of credit facility of $8 million.

BofA, Credit Suisse Close $200MM Revolver for Vivint Solar

Vivint Solar closed a $200 million revolving asset-based loan facility.

Citizens Provides $42MM ABL Facility to Stoli Group

Citizens Commercial Banking is providing a $42 million asset-based credit facility to New York-based Stoli Group USA.

Ares Provides $11MM Facility to NHI Mechanical Motion

Ares Commercial Finance has provided an $11.2 million senior secured credit facility to NHI Mechanical Motion comprised of a revolving line of credit, a real estate term loan and a term loan secured by machinery and equipment.

Jefferies Provides $20MM ABL Facility to Smart Sand

Smart Sand has refinanced its existing credit facility into a combination five-year equipment financing and a five-year senior secured asset-based lending credit facility.

BofA, Barclays Lead $10B Revolver for Shell Linked to SOFR

Royal Dutch Shell has signed a $10 billion revolving credit facility. The new facility replaces Shell’s existing $8.84 billion revolving credit facility and is provided by a syndicate of 25 banks.

NBF, BMO Lead Pipestone Energy $225MM Facility

Pipestone Energy successfully re-financed its existing credit facilities with a $225 million reserve-based loan (RBL), which provides meaningful financial flexibility going forward.

JPMorgan Agents $2.1B Facility for Telesat Canada

Telesat Canada amended its secured credit agreement, providing for a new term loan facility of $1.909 billion and a new revolving credit facility with commitments of $200 million, which replaced the existing term loan and revolving facilities.