PNC Agents $550MM Revolver for Advanced Drainage
Advanced Drainage Systems completed a $550 million revolving credit facility with PNC as administrative agent.
Advanced Drainage Systems completed a $550 million revolving credit facility with PNC as administrative agent.
Parsley Energy amended its revolver, increasing the borrowing base by 60% to $1.4 billion. Wells Fargo served as administrative agent for the lender group, which included five new lenders.
REV Group, a manufacturer of specialty vehicle brands, acquired Ferrara Fire Apparatus, a custom fire apparatus and rescue vehicle manufacturer. Ally Bank served as administrative agent for a $350 million ABL revolver and a $75 million term loan to support the transaction.
BMO Harris Bank’s asset-based lending group was administrative agent, lead arranger and bookrunner for senior credit facilities to support 475 million for Titan International.
Roadrunner Transportation Systems reached an agreement with its lender group on an interim credit-facility amendment, which provides additional working capital loans and a forbearance provision, while working toward a long-term loan amendment.
Nicholas Financial entered an amendment to its existing $250 million credit facility, with Bank of America as agent.
Polaris Industries completed its acquisition of Transamerican Auto Parts for an aggregate consideration of $665 million. U.S. Bank served as administrative agent for the lender group that provide financing to support the transaction.
Spectra Energy entered into a $2 billion revolving credit agreement with a syndicate of banks. Citibank acted as administrative agent.
Landec completed a new syndicated credit facility with JPMorgan Chase, BMO Harris Bank and City National Bank, a subsidiary of Royal Bank of Canada, for $150 million.
BMO Harris Bank’s Asset-Based Lending group was sole lender for $20 million in senior credit facilities to Animart.