Bank of America Archives

Summit Hotel Properties Completes $200MM Join Venture Credit Facility Refinancing

Summit Hotel Properties’ joint venture with GIC, Singapore’s sovereign wealth fund, has successfully completed the refinancing of its $200 million senior credit facility.

Bank of America Provides $100MM Credit Facility to Enfusion

Enfusion, a provider of cloud-native software-as-a-service solutions for investment managers, entered into a $100 million revolving credit facility. The lenders under the credit facility are primarily a syndicate of Enfusion’s relationship banks, including Bank of America.

September 19, 2023 Bank of America | Enfusion | Oleg Movchan Ian Koplin

Truist and Bank of America Provide $350MM Credit Facility to Capteris

Capteris closed a new $350 million credit facility to support the growth of its equipment finance business. Truist Bank is serving as administrative agent and Bank of America is also partnering with Capteris on the facility.

September 8, 2023 Bank of America | Brian Nethercott | Capteris | Eric Dusch | Truist Bank Phil Neuffer

Bank of America Finances SK Capital Partners’ Acquisition of Isolatek

Funds advised by SK Capital Partners, a private investment firm focused on the specialty materials, ingredients and life sciences sectors, acquired Isolatek International, a manufacturer and supplier of passive fireproofing technologies. Bank of America provided debt financing to support the transaction.

August 29, 2023 Bank of America | Goodwin Procter | Isolatek International | Keating Muething & Klekamp | SK Capital Ian Koplin

Wells Fargo Increases Post Road Equipment Finance’s Warehouse Facility to $700MM

Post Road Equipment Finance increased its non-recourse senior warehouse facility from $550 million to $700 million through the addition of Wells Fargo as a new lender.

August 28, 2023 Bank of America | Post Road Equipment Finance | Tom Davidson | wells fargo Ian Koplin

HASI Provides $300MM Senior Secured Loan Facility to Ameresco

Ameresco, an energy efficiency and renewable energy company, closed a $300 million senior secured loan facility with HASI, an investor in climate solutions, to fund development and construction activity for clean energy assets.

August 25, 2023 Ameresco | Bank of America | Doran Hole | Susan Nickey Ian Koplin

J.P. Morgan Agents $340MM Refinancing Transaction for Liberty Company Insurance Brokers

The Liberty Company Insurance Brokers, a privately held insurance brokerage, completed a $340 million refinancing transaction on July 31. J.P. Morgan is the administrative agent for the facility, which includes a revolving credit facility, term loan and delayed-draw term loan.

Bank of America Amends Credit Facility with Griffon Corporation, Increasing to $500MM

Griffon Corporation amended its credit agreement to increase the size of its revolving credit facility from $400 million to $500 million and extend the maturity of the revolver facility from March 22, 2025, to Aug. 1, 2028.

August 4, 2023 Bank of America | Griffon Corporation | Ronald J. Kramer Ian Koplin

Bank of America Amends Barnes & Noble Education’s Credit Agreement as Part of Refinancing

Barnes & Noble Education entered into a refinancing agreement with its financial stakeholders. According to an 8K filed with the SEC, Bank of America is serving as administrative agent and collateral agent for the lenders of the company’s amended credit agreement.

July 31, 2023 Bank of America | Barnes & Noble Education | Houlihan Lokey | Michael P. Huseby | Paul Hastings Phil Neuffer

JPMorgan Chase Bank Provides $1B Credit Facility to First Solar

First Solar entered into a five-year revolving credit and guarantee facility for $1 billion. The facility includes up to $250 million which is available for the issuance of letters of credit. JPMorgan Chase Bank acted as lead arranger and is administrative agent for the facility.

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