Superior Plus will acquire Gibson Energy’s industrial propane business in a transaction valued at $412 million. Bank of Nova Scotia and Canadian Imperial Bank of Commerce were said to have provided financing to support the deal.
Realogy Group entered into a fourth amendment to its credit agreement dated March 5, 2013, repricing its term loan and upsizing its revolver capacity to $1.05 billion. JPMorgan Chase Bank was administrative agent.
Delphi Energy entered into a new $80 million credit facility with Alberta Treasury Branches as syndicate lead.
International communications company Liberty Global closed a $300 million term loan with the Bank of Nova Scotia as administrative agent.
Marriott International completed its acquisition of Starwood Hotels & Resorts Worldwide. Bank of America agented an increase to Marriott’s credit facility from $2.5 billion to $4 billion to support the transaction.
BroadStreet Partners added $195 million to its bank facility for a total $445 million. Royal Bank of Canada served as administrative agent and lead arranger for the transaction.
Cathedral Energy Services is currently in discussions with Scotiabank and National Bank of Canada regarding proposed amendments to its credit facility.
Holly Energy Partners amended its existing revolving credit facility to increase the maximum amount from $850 million to $1.2 billion. Wells Fargo served as administrative agent for the transaction.
According to a SEC filing, Emerald Oil was determined to be in default of a credit agreement with a lender group led by Wells Fargo as administrative agent.
Cathedral Energy Services has negotiated amendments to its credit facility with the Bank of Nova Scotia and National Bank of Canada, including a $15 million reduction.