BIOLASE amended the terms of its two revolvers with Comerica Bank. The amendment reverted the maximum borrowings under the domestic revolver to $4 million (in addition to up to another $4 million on the Ex-Im revolver).
Kindred Healthcare said it has successfully completed amendments to its $750 million senior secured ABL revolver and $785.5 million senior secured term loan to increase its borrowing capacity with a lender group led by JPMorgan Chase as administrative agent.
Portfolio Recovery Associates said it modified its credit agreement by increasing its lenders’ domestic revolving credit commitments by $35.5 million, increasing its aggregate credit facility from $597.5 million to $633 million. According to a related 8-K filing, Bank of America served as administrative agent, swing line lender and L/C issuer.
BofA served as administrative agent in the amendment of Booz Allen Hamilton’s credit agreement. Among other things, the amendment includes a reduced interest rate for its $1.017 billion of term loan B loans.
In a news release announcing its Q2/13 financial results, Brookstone said it has entered into an amended banking facility with Wells Fargo Capital Finance, which will provide up to $25 million of additional funds.
Universal Trailer entered into an arrangement with Wells Fargo Bank that extends its financing line five years through 2018. The agreement increases its borrowing capacity within the revolver with Wells Fargo.
Asbury Automotive Group said its amended and restated facility increases the new vehicle inventory floor plan facility by $200 million, bringing the total to $1.1 billion. Merrill Lynch arranged the syndication.
Fifth Street Finance announced the successful amendment of its syndicated bank credit facility led by ING Capital. Pricing on the facility is reduced by 50 basis points to LIBOR plus 2.25% with no LIBOR floor.