BofA Agents Amendment of MGM Resorts’ Credit Facility
MGM Resorts International announced that it has completed the amendment and extension of its senior credit facility with Bank of America as the administrative agent for a syndicate of lenders.
MGM Resorts International announced that it has completed the amendment and extension of its senior credit facility with Bank of America as the administrative agent for a syndicate of lenders.
Windstream has obtained the consent of the requisite lenders to the previously announced proposed amendment and restatement of its existing senior secured credit facilities.
PennantPark Investment has entered into an amended and restated, multi-currency, senior secured revolving credit facility, which increased the size of the credit facility from $315 million to $380 million. SunTrust Robinson Humphrey and J.P. Morgan Securities acted as joint lead arrangers and joint bookrunners.
Comerica Bank notified Manitex International that it has been approved for an extension of its credit facility from $22.5 million to $27.5 million, effective February 16, 2012. Substantially all other terms of the agreement remain the same, including the expiration date of April 1, 2015.
Coffee Holding Co. announced that it renegotiated and extended the term of its financing agreement with Sterling National Bank until February 17, 2014.
Magnum Hunter Resources’ borrowing base under its $350 million senior bank facility was increased by $35 million from $200 million to $235 million. Bank of Montreal serves as administrative agent, with Capital One as syndication agent, and Amegy Bank, KeyBank and UBS Securities as documentation agents.
QTS, a provider of data centers and managed services, announced a $270 million increase to its credit facility. Key Bank arranged the facility and served as administrative agent. Twelve other financial institutions joined lead arranger KeyBanc Capital Markets as participants.
Santarus has increased its revolving line of credit with Comerica Bank from $25 million to $35 million and extended the maturity from July 11, 2013 to February 13, 2015.
Medley Capital closed $15 million of additional commitments to its senior secured revolving credit facility led by ING Capital. Credit Suisse joined the lending group and committed $15 million to the facility.
Windstream announced that it is seeking the consent of its lenders to amend and restate its existing senior secured credit facilities.