Reuters reported Credit Suisse led the financing of a $2.59 billion leveraged loan supporting Blackstone’s buyout of UK-based payment processing company Paysafe.
BlueLinx Holdings closed a new five-year $335 million syndicated secured asset-based revolving credit facility. Wells Fargo served as administrative agent.
School Specialty completed a new $140 million term loan with TCW’s Direct Lending Group and amended its $125 million ABL with Bank of America and Bank of Montreal.
Tucows acquired wholesale domain name registrar eNom from Rightside Group for $83.5 million. The acquisition will be funded through an amendment increasing Tucows’ existing credit facility to a total of $140 million. Bank of Montreal was administrative agent for the transaction.
Spin Master, a global children’s entertainment company, entered into an agreement with a syndicate of lenders to increase its credit facility to $510 million.
Modine Manufacturing entered into a purchase agreement to acquire the shares of seven target companies held by Luvata. JPMorgan agented an amendment to Modine’s credit facility to support the transaction, including a new $275 million term loan.
Bombardier Recreational Products, a subsidiary of BRP, refinanced its existing credit facilities. Royal Bank of Canada and BMO Capital Markets acted as joint lead arrangers.
Radiant Logistics completed its acquisition of Wheels Group. Radiant financed the cash portion of the consideration and fees/expenses through advances under a $65 million senior revolving cross-border facility with Bank of America and Bank of Montreal.
Petrowest entered into a new-year credit agreement with Bank of Montreal and a syndicate comprised of Royal Bank of Canada, ATB Financial and Canadian Western Bank.