Sabre refinanced a portion of its existing indebtedness, including the repayment in full of its term loan B facility and revolving credit loan facility and the termination of the revolving commitments thereunder. Bank of America is the administrative agent and the collateral agent for the credit agreement.
Platinum Equity signed a definitive agreement to acquire Solenis from Clayton, Dubilier & Rice and BASF in a transaction that implies an enterprise value for Solenis of $5.25 billion. BofA Securities and Goldman Sachs are leading the debt financing for the acquisition.
Sonoco, a global packaging company, entered into a five-year, $750 million revolving credit facility with a syndicate of banks, with Bank of America serving as administrative agent.
According to an 8K filed with the SEC, Bank of America is serving as administrative agent, swing line lender and L/C issuer for a $2.5 billion sustainability-linked senior revolving credit facility for Analog Devices.
Signify Health entered into a new credit agreement comprised of a $350 million senior secured first lien term loan due in June 2028 and a $185 million senior secured revolving credit facility due in June 2026. Barclays Bank acted as administrative agent and collateral agent for new credit agreement.
Frontdoor, a provider of home service plans, closed a transaction to refinance its capital structure, including entry into new credit facilities totaling $890 million with JPMorgan Chase as administrative agent.
Olympic Steel, a national metals service center, amended and extended the maturity of its existing $475 million, five-year asset-based revolving credit facility through June 16, 2026. Bank of America is the administrative agent and joint lead arranger for the facility.
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.
JPMorgan and Others Expand Dominion Energy’s Credit Facilities, Introduce Sustainability-Linked Pricing
Dominion Energy completed the syndication of sustainability-linked credit facilities totaling $6.9 billion, including a $6 billion master credit facility for which JPMorgan Chase Bank, Mizuho Bank, BofA Securities, The Bank of Nova Scotia and Wells Fargo Securities acted as joint lead arrangers.
TriumphPay, a division of TBK Bank, closed its acquisition of HubTran, a cloud-based provider of automation software for the transportation industry’s back office.