Priority Power Management refinanced its existing debt and increased its credit facility from $85 million to $250 million. Priority Power Management executed the new five-year credit agreement comprising a $150 million revolving credit facility, $50 million term loan and $50 million revolver accordion.
Industrial Logistics Properties Trust closed on a $1.235 billion debt financing with a final maturity date of Oct. 9, 2027. The financing is secured by a portfolio of 104 industrial properties containing approximately 18.6 million square feet across 31 states.
Whitestone REIT amended and extended its $515 million credit facility, comprised of a $250 million revolver and $265 million term loan.
NFI Group amended its existing $1.25 billion senior revolving credit facility and £50 million ($61 million) revolving UK credit facility. The Bank of Nova Scotia is the administrative agent for the revolver and HSBC UK is the administrative agent for the UK facility.
VoltaGrid entered into a senior secured revolving credit facility. The facility provides the company immediate access to $60 million and up to $150 million under certain conditions. BMO Capital Markets is acting as administrative agent for the facility.
Maple Leaf Foods completed an extension of its existing $2 billion sustainability-linked credit facility with its existing banking syndicate. BMO Capital Markets acting as sole book runner and sustainability structuring agent.
Apollo agreed to acquire Cardenas Markets, a grocery retailer focused on serving the Hispanic community, from investment funds affiliated with KKR, a global investment firm.
Trisura Group closed a sustainability-linked credit facility with BMO Capital Markets. The sustainability-linked loan is linked to Trisura’s ambition to further incorporate ESG considerations into its investment activities.
Sprouts Farmers Market closed a $700 million revolving credit facility under a credit agreement dated as of March 25. Bank of America acted as administrative agent, issuing bank and swingline lender for the facility.
BMO Financial Group is serving as lead sustainability structuring coordinator for a three-year, $250 million sustainability-linked revolving credit facility for Seaspan, a containership leasing company.