Tag Archives: Bank of America

BofA and Wells Fargo Support Summit Hotel Properties’ Portfolio Acquisition

Through its existing joint venture with GIC, Summit Hotel Properties closed a portfolio acquisition of 26 hotels from affiliates of NewcrestImage. Bank of America and Wells Fargo Bank provided $410 million in debt financing to support the transaction.

BofA-Led Syndicate Refinances and Increases Hilton Grand Vacations’ Revolver to $1B

Hilton Grand Vacations refinanced and increased the capacity under its existing revolving facility from $800 million to $1 billion. Bank of America will remain the administrative agent for the new revolving credit facility.

BofA-Led Syndicate Amends and Extends Credit Facility for Resolute Forest Products

Resolute Forest Products reset the five-year maturity of its senior secured asset-based revolving credit facility with an aggregate lender commitment of up to $450 million. A syndicate of six banks provided the ABL credit facility, with Bank of America as administrative agent and collateral agent.