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.
Envestnet entered into a second amended and restated credit agreement for up to $350 million opportunities to increase commitments by $55 million with Bank of Montreal as administrative agent.
James Simons, currently Associated Bank’s executive vice president and deputy chief credit officer, has been promoted to executive vice president and chief credit officer effective February 7, 2017, succeeding Scott S. Hickey.