Ribbon Communications executed a third amendment to its credit agreement. Citizens Bank, as administrative agent under the credit facility, led the amendment, which increased Ribbon’s existing term loan A credit facility by approximately $75 million.
JPMorgan acted as administrative agent for the lending group of Barclays Bank, Axos Bank, VNB New York and China CITIC on a $135 million secured revolving credit facility for Broadmark Realty Capital, a real estate finance company.
A syndicate of lenders, including funds managed by BlackRock’s U.S. private capital group, Oaktree Capital Management and UBS O’Connor provided a five-year term loan totaling $175 million for Velocity Financial, a provider of small balance investor loans.
JPMorgan is acting as administrative agent on SWM’s amended credit agreement, which provides the company with a new $350 million term loan facility. JPMorgan, BofA Securities, Barclays Bank and Truist Securities are acting as joint bookrunners and joint lead arrangers.
Subsidiaries of Ortho Clinical Diagnostics increased the revolving credit facility under a 2014 credit agreement by $150 million to $500 million. According to an 8K, Barclays Bank is serving as administrative agent and collateral agent for the facility.
ATM owner and operator Cardtronics entered into a definitive agreement with funds managed by affiliates of Apollo Global Management and Hudson Executive Capital to be acquired for $35 per share in cash.
RadNet increased the amount of revolving commitments under its senior secured first lien credit agreement by $57.5 million. Barclays Bank, Truist Bank, JPMorgan Chase Bank, Capital One and Royal Bank of Canada increased their commitments pursuant to this amendment.
Barclays Bank, Regions Capital Markets, Citibank, US Bank, Wells Fargo Bank, Bank of America, Citizens Bank and BMO Harris Bank are serving as participating lenders for an amendment to Chatham Lodging Trust’s $250 million revolving credit facility.
Goldman Sachs Bank, Deutsche Bank, Barclays Bank, Morgan Stanley Senior Funding and Credit Suisse provided a $460 million debtor-in-possession facility to Frontier Communications, according to an 8K filed with the SEC.
Barclays Bank agreed to increase the capacity of Velocity Financial’s subsidiary Velocity Commercial Capital’s existing warehouse repurchase facility to $300 million in order to support the company’s loan origination growth.