Category: Facility Amendments

SunTrust, Others Increase PennantPark Credit Facility

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 Approves $5 Million Facility Expansion for Manitex

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.

Magnum Hunter Resources Announces Expanded Credit Facility

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 Announces $270 Million Increase to Credit Facility

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.