Oak Hill Advisors served as a lead arranger for the acquisition financing to support Thoma Bravo’s $1.8 billion take-private transaction of NextGen Healthcare, a provider of cloud-based healthcare technology solutions to ambulatory providers.
Blue Bird, a manufacturer of school buses, completed the refinancing of its credit facilities and entered into a new five-year credit agreement led by BMO Capital Markets. The new credit agreement provides for a $100 million term loan and a $150 million revolving credit facility.
Mammoth Holdings, a car wash operating platform, executed a refinancing of its operations through Oak Hill Advisors totaling more than $500 million and including a unitranche term loan, a delayed-draw term loan and a revolving credit facility.
Jones Lang LaSalle (JLL) amended its bank credit facility, increasing borrowing capacity to $3.3 billion and extending the maturity from April 2025 to November 2028. BMO Capital Markets and BofA Securities were joint lead arrangers for this transaction.
Dan Barclay, CEO and group head of capital markets for BMO Financial Group, will retire on Nov. 1 and transition to a role as senior advisor to the CEO. BMO selected Alan Tannenbaum to succeed Barclay and to join the bank’s executive committee.
Dave & Buster’s Entertainment, an owner and operator of entertainment and dining venues, amended its credit agreement, achieving favorable pricing and upsizing the term loan B facility to $900 million.
Pan American Silver completed its acquisition of all of the issued and outstanding common shares of Yamana Gold following the sale by Yamana of its Canadian assets by way of a plan of arrangement under the Canada Business Corporations Act.
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.