BofA Securities Archives

Wells Fargo Bank Provides $400MM Term loan B to Koppers Holdings

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.

BofA and TD Securities Amend Casella Waste Systems’ $650MM Credit Facility

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.

February 13, 2023 BofA Securities | Casella Waste Systems | John W. Casella | TD Securities (USA) Ian Koplin

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.

GoldenTree Asset Management Closes $487MM CLO

GoldenTree Loan Management II (GLM II) and its affiliated investment manager GoldenTree Asset Management, closed a $487 million collateralized loan obligation to be managed by GLM II.

December 29, 2022 BofA Securities | GoldenTree Asset Management | GoldenTree Loan Management II | Morgan Stanley | Wells Fargo Securities Ian Koplin

Lender Syndicate Amends Ritchie Bros.’ Credit Agreement to Support IAA Merger

Ritchie Bros. closed an amendment to its credit agreement with a syndicate of lenders to support the closing of its proposed merger with IAA. BofA Securities, RBC Capital Markets, Goldman Sachs and Wells Fargo Securities served as joint bookrunners for the agreement.

Syndicate of Lenders Upsize and Extend Maturity of Park Hotels & Resorts’ Credit Facility to $950MM

Park Hotels & Resorts amended and restated its existing $901 million revolving credit facility to increase total capacity to $950 million, extend the maturity from December 2023 to December 2026, and release all collateral securing the credit.

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.

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