Service Properties Trust entered into a $650 million secured revolving credit facility. Wells Fargo Securities, PNC Capital Markets and BMO Harris Bank are the joint lead arrangers and joint lead bookrunners for the credit facility.
Physicians Realty Trust closed on a $400 million term loan that will mature in May 2028. A total of seven lenders are participating in the term loan. KeyBank is acting as the administrative agent and a lender.
BMO appointed Darrel Hackett U.S. CEO of BMO Financial Group, president and CEO of BMO Harris Bank and CEO of BMO’s U.S. holding company, BMO Financial Corp. Hackett’s appointment follows the retirement announcement of Dave Casper.
Software intelligence company Dynatrace closed a $400 million, five-year senior secured revolving credit facility through a syndicate of banks led by BMO Harris Bank, with Dynatrace as borrower.
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.
TimePayment, a financial technology company in sales financing for specialty equipment sellers, closed on a new $375 million revolving credit facility, including a $50 million accordion. BMO Harris Bank is serving as the lead agent for a bank syndicate that includes eight commercial banks.
Star Group entered into a sixth amended and restated asset-based credit facility, which expires in July 2027 and provides the ability to borrow up to $400 million on a revolving line of credit. JPMorgan Chase Bank is the facility’s administrative agent.
BMO Harris Bank eliminated both non-sufficient funds (NSF) and overdraft transfer fees and reduced overdraft fees. These changes will apply to both consumer and small business banking accounts.
TD Bank, Truist Bank and BMO Harris Bank participated in a $50 million increase to Whole Earth Brands’ existing revolving credit facility, which was originally agented by TD Securities. The revolver was increased from $75 million to $125 million.
DHI Group signed an amended and restated credit agreement increasing the size from a $90 million revolving credit facility to a $100 million revolving credit facility, with an accordion feature for an additional $50 million.