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.
Bank of the West led the fifth amendment to American Vanguard’s second amended and restated credit agreement, increasing the ratio of maximum loan to trailing EBITDA to 4.25-to-1 and then gradually decreasing the ratio to current levels over the next three calendar quarters.
As part of a syndicate of 14 banks, Citigroup served as a joint lead bookrunner and joint lead arranger for a new $280 term loan facility for Harsco Corporation.
Toll Brothers entered into a five-year $1.905 billion revolving credit facility to replace the company’s existing $1.295 billion revolving credit facility, which was scheduled to mature in May 2021.