Essent Group amended its credit facility to increase the total facility from $625 million to $825 million. JPMorgan Chase Bank, BofA Securities and Royal Bank of Canada Capital Markets acted as joint lead arrangers and joint bookrunners for the credit facility.
Healthcare Trust of America and its operating partnership, Healthcare Trust of America Holdings, entered into a third amended and restated $1.3 billion revolving credit and term loan agreement. JPMorgan Chase Bank served as the administrative agent for the facility.
Associated Banc-Corp hired Raymond Temple to lead its broadening asset-based lending team. Temple brings more than 25 years of experience and is expected to lead a team of multiple colleagues by year-end.
American Homes 4 Rent closed a $1.25 billion sustainability-linked revolving credit facility, amending its existing $800 million revolving credit facility. A total of 15 lenders participated in the facility, including Wells Fargo Bank as administrative agent.
Apartment Income REIT closed a new $1.4 billion credit facility. PNC Capital Markets and Wells Fargo Securities led the syndication as joint bookrunners and lead arrangers. PNC Bank is also the administrative agent and sustainability agent for the facility.
Newmark entered into an agreement to amend the terms of its senior revolving credit facility, increasing its size to $425 million and extending the maturity date to February 26, 2023.
Wells Fargo and CIT Bank amended General Finance’s senior credit facility, increasing the maximum borrowing amount from $237 million to $260 million.
Bank of America Merrill Lynch acted as the active lead arranger on two separate credit facilities for BGC Partners and Newmark Group, respectively. Together, the credit agreements total $600 million.
Gary Schaefer, Associated Bank corporate executive and Madison senior market president, will retire December 31, 2018. EVP and Head of Consumer and Business Banking David Stein will succeed Schaefer as Madison market president.
Realty Income has closed on an amended $3.25 billion credit facility. Wells Fargo served as administrative agent for the transaction.