AmeriTex, a supplier of concrete storm drain products for utility and highway contractors, closed its new $155 million credit facility with Bank of America to combine with its $530 million in senior notes raised with BofA Securities on Oct 5, 2023.
Hilton Grand Vacations repriced its existing $1.3 billion term loan B, maturing Aug. 2, 2028. The new pricing will be SOFR plus 250 basis points, down from SOFR plus 275 basis points. Bank of America served as lead arranger for the transaction.
Granite Ridge Resources entered into a third amendment to its existing credit agreement governing its revolving credit facility, increasing the borrowing base to $300 million and appointing Bank of America as successor administrative agent.
Topgolf Callaway Brands repriced its existing $1.24 billion first-lien term loan due 2030, lowering the loan’s interest rate a total of 60 basis points. Bank of America, JPMorgan Chase, MUFG Securities Americas and Truist Securities acted as joint lead arrangers and joint bookrunners for the term loan.
Suburban Propane, the operating partnership of fuel distributor Suburban Propane Partners, refinanced its $500 million senior secured credit facility with a new revolving credit facility with an extended maturity date. Bank of America is the administrative agent of the facility.
Empire State Realty OP, L.P., the operating partnership of Empire State Realty Trust, entered into a new credit facility in the principal amount of $715 million. The new credit facility was arranged by BofA Securities and Wells Fargo Securities as joint bookrunners, with Bank of America serving as administrative agent.
SLR Equipment Finance closed a new $350 million credit facility with Bank of America and Truist Bank to support the growth of its business over the next several years.
Titan International, a manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, acquired Carlstar Group, a manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. Bank of America served as agent for a $225 million credit facility to fund the cash portion of the acquisition.
Montrose Environmental Group upsized its senior secured credit facility to $400 million. Bank of America acted as administrative agent and Capital One, JPMorgan Chase and BMO Bank acted as joint lead arrangers for the credit facility.
FLEETCOR Technologies closed on an amendment to its pro rata term loan A and revolver A credit facilities that resulted in a $600 million increase in the company’s capacity under its facilities. Bank of America is the administrative agent for the facilities.