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.
SmartStop Self Storage exercised $200 million of its accordion under its existing multi-currency credit facility with a syndicate of banks led by KeyBank, Wells Fargo, Citibank and Bank of Montreal. KeyBanc Capital Markets and KeyBank served as joint lead arrangers and administrative agents.
Centerspace amended its existing $250 million revolving credit facility. The new facility includes an accordion feature for up to $400 million and matures in September 2025 with two optional six-month extensions. Bank of Montreal served as administrative agent for the facility.
Physicians Realty Trust entered into a third amended and restated credit agreement, which, among other things, increased the amount of commitments under the revolving credit facility to $1 billion. KeyBank served as administrative agent for the amended credit facility.
RF Capital Group secured a $200 million revolving credit facility with a syndicate of lenders led by Canadian Imperial Bank of Commerce. The facility includes an accordion provision that will enable the company to request increases in the total commitment.
Graybar completed the amendment and extension of its unsecured committed revolving credit facility. The amendment, among other things, extended the company’s five-year, $750 million revolving credit facility.
MaxLinear entered into a new $350 million, seven-year senior secured term B loan facility and a new $100 million, five-year senior secured revolving credit facility. Wells Fargo Securities, MUFG Securities Americas, BMO Capital Markets and Citizens Bank acted as joint lead arrangers and bookrunners.
BMO Capital Markets hired Evan Seigerman as a managing director and senior equity research analyst covering the biotechnology and pharmaceutical industries. Additionally, Trung Huynh joined the BMO healthcare research team to support the firm’s expansion and growth.
Intertape Polymer Group entered into a five-year, $600 million credit facility pursuant to an amendment to its existing credit agreement with a syndicated lending group led by Bank of America as administrative agent.
Waterous Energy Fund closed the amalgamation of Strathcona Resources and Osum Oil Sands. Concurrent with the amalgamation, Strathcona Resources secured a new covenant-based C$1 billion ($830 million) credit facility, with TD Securities serving as administrative agent.