BofA Securities Archives

PTC to Acquire SaaS Field Service Management Provider ServiceMax

PTC signed a definitive agreement to acquire ServiceMax for approximately $1.46 billion in cash on a debt-free, cash-free basis from an entity majority owned by Silver Lake.

BMO Leads Lender Group Providing $250MM Credit Facility to Priority Power Management

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.

Service Properties Trust Amends Credit Agreement with Syndicate of Lenders

Service Properties Trust (SVC) amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to July 2023.

Sabre Corporation Refinances Term B Loans with Lender Group

Sabre Corporation refinanced a portion of its existing indebtedness. Sabre incurred no additional indebtedness as a result of the refinancing above the refinanced amount, other than amounts covering the original issue discount, certain interest, fees and expenses.

Syndicate of Lenders Provide $200MM Secured Credit Facility to Radiant Logistics

Radiant Logistics secured a $200 million syndicated secured revolving credit facility to replace its existing $150 million revolving facility. Concurrent with entering into new secured facility, the company also amended the term loans held by its Canadian lender, Fiera Private Debt Funds IV and V.

Six Lenders Increase and Extend CBRE’s Credit Agreement to $3.5B

CBRE Group entered into a new five-year revolving credit agreement that increases its revolving credit facility to $3.5 billion from $3.15 billion.

H.I.G. Capital Acquires Barton & Associates

H.I.G. Capital, a global alternative investment firm with $50 billion of equity capital under management, completed the acquisition of Barton & Associates, a healthcare staffing company.

BofA Agents Ryerson Holding Revolving Credit Facility Increase to $1.3B

Ryerson Holding increased its existing asset-based revolving credit facility to increase the aggregate commitments to $1.3 billion. Bank of America served as administrative agent.

July 1, 2022 Bank of America | BofA Securities | JPMorgan Chase Bank | Ryerson Holding | Wells Fargo Bank Rita Garwood

JPMorgan Chase and BofA Securities Provide $450MM Credit Facility to Stepan Company

Stepan Company entered into credit agreement providing for a five-year committed $350 million multi-currency revolving credit facility and a $100 million delayed draw term loan facility. JPMorgan Chase Bank and BofA Securities acted as joint lead arrangers.

June 27, 2022 BofA Securities | JPMorgan Chase Bank | Scott R. Behrens | Stepan Company Ian Koplin

PNC and Wells Fargo Provide $800MM Credit Facility to Koppers

Koppers entered into a credit agreement with PNC Bank and Wells Fargo Bank for an $800 million revolving credit facility, a $50 million swingline facility and one or more incremental revolving or term loan facilities.

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