BMO Financial Group and its indirect, wholly-owned, Chicago-based subsidiary, BMO Harris Bank, signed a definitive agreement with BNP Paribas to acquire Bank of the West and its subsidiaries for $16.3 billion.
TTEC Holdings amended and extended its credit facility, increasing the total commitment amount by $300 million to $1.5 billion and extending the maturity to November 2026. Commitments were provided by a syndicate of banks, with Wells Fargo Securities serving as left lead arranger.
Bank of the West, part of BNP Paribas Group, led the financing for the acquisition of Ste. Michelle Wine Estates by private equity firm Sycamore Partners Management, which purchased Ste. Michelle Wine Estates for $1.2 billion.
Apollo Medical Holdings refinanced its existing term loan and revolving credit facility with a new five-year revolving credit facility of $400 million. Truist Bank served as administrative agent.
Montrose Environmental Group entered into a new sustainability-linked credit agreement for a $175 million term loan and a $125 million revolving credit facility. Bank of the West is the administrative agent for the loans as well as the swing line lender, L/C issuer and joint lead arranger.
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.
TTEC Holdings, a customer experience software firm, amended its credit facility by exercising its accordion feature to increase the total commitments by $300 million to $1.2 billion. Incremental commitments were provided by a syndicate of banks arranged by Wells Fargo.
NextGen Healthcare entered into a $300 million second amended and restated revolving credit agreement with JPMorgan Chase as administrative agent, U.S. Bank and Bank of the West as co-syndication agents, and certain other agents and lenders.
A syndicate of banks led by Citigroup Global Markets amended Harsco’s existing senior secured credit facilities. The required levels of the existing total net leverage ratio covenant will be increased through Dec. 31, 2021.
Wells Fargo Commercial Distribution Finance served as agent to an amendment to MarineMax’s $440 million credit facility, which now has a three-year term. The facility includes M&T Bank, Bank of the West and Truist Bank as lending partners.