HireRight Holdings amended and upsized its revolving credit facility, increasing the committed line under the revolving facility to $145 million. Goldman Sachs, Royal Bank of Canada and Barclays joined the syndication, which is led by Bank of America as administrative agent.
Barclays appointed Graham Warner head of international corporate banking in the Americas. Warner will join Barclays in June after 13 years at Deutsche Bank, where he was head of cash management in the Americas.
DailyPay, a technology platform, secured a $300 million revolving credit facility from Barclays. The revolving credit facility will provide DailyPay access to capital to service its roster of partners, including many employers in the United States.
Iveco Group signed a €1.9 billion ($2.14 billion) syndicated facility with a syndicate of banks that includes BBVA, Barclays, BNP Paribas, BofA Securities, Citi, Deutsche Bank, Intesa Sanpaolo and Mediobanca – Banca di Credito Finanziario.
Clearlake Capital Group completed its acquisition of Cornerstone OnDemand. J.P. Morgan, BofA Securities, Ares, Golub Capital, Antares Capital, Barclays, Blue Owl, BMO Capital Markets, BNP Paribas, Credit Suisse, Goldman Sachs and Jefferies provided debt financing for the transaction.
CCC Intelligent Solutions completed the refinancing of its existing secured credit facility with a new credit agreement. Bank of America, JPMorgan Chase, Goldman Sachs, Citigroup, Barclays, Credit Suisse, Jefferies Finance and Morgan Stanley acted as joint lead arrangers and joint bookrunners for the facility.
CVC Credit priced Cordatus XXI, a collateralized loan obligation fund totaling €406 million ($481.1 million) and arranged by Barclays. This is the fourth CLO fund CVC Credit has priced globally this year and will take its assets under management to more than $29.5 billion.
US LBM completed its acquisition of American Construction Source from Angeles Equity Partners and Clearlake Capital Group. Barclays and Credit Suisse led the debt financing for the transaction. Financial terms were not disclosed.
US LBM, a distributor of specialty building materials, reached an agreement to acquire American Construction Source, a building materials distribution platform. Barclays and Credit Suisse provided debt financing for the transaction.
Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.