Summit Hotel Properties’ joint venture with GIC, Singapore’s sovereign wealth fund, has successfully completed the refinancing of its $200 million senior credit facility.
Cambridge Bancorp and Eastern Bankshares entered into a definitive merger agreement pursuant to which Cambridge will merge with and into Eastern in an all-stock transaction valued at approximately $528 million.
The J. M. Smucker Co. signed a definitive agreement to acquire Hostess Brands for $34.25 per share in a cash and stock transaction. J.M. Smucker secured $5.2 billion in a fully committed bridge financing from Bank of America, and RBC Capital Markets in connection with the transaction.
Duke Energy reached an agreement to sell its commercial distributed generation business to an affiliate of ArcLight Capital Partners, a middle-market infrastructure investor, for an enterprise value of $364 million, inclusive of non-controlling tax equity interests.
An investor consortium led by Symphony Technology Group completed the acquisition of Momentive, the maker of SurveyMonkey, in a transaction valued at approximately $1.5 billion. Silver Point acted provided committed debt financing in support of the acquisition.
TTM Technologies, a global manufacturer of technology solutions, closed and syndicated a $350 million senior secured term loan and a U.S. asset-based revolving credit facility with committed borrowing capacity of $150 million. J.P. Morgan is acting as administrative agent for both facilities.
PGIM, the $1.2 trillion global investment management business of Prudential Financial, signed a definitive agreement to acquire a majority interest in Deerpath Capital Management and its associated affiliates.
Koppers Holdings, an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds, priced and allocated a seven-year $400 million senior secured Term Loan B. Wells Fargo Bank is acting as sole and exclusive administrative agent.
Casella Waste Systems, a regional solid waste, recycling and resource management services company, amended its existing $650 million credit facility that links borrowing costs to progress in achieving certain annual sustainability goals.
Wells Fargo Securities, BofA Securities Lead $2.5B ESG-Linked Credit Facility for Host Hotels & Resorts
Host Hotels & Resorts amended and restated its existing $2.5 billion credit facility. The agreement extends maturities from January 2025 to January 2028, including all extension options, and continues to provide a $1.5 billion revolving credit facility and two $500 million term loans.