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.
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.
Cloudera entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice and KKR in an all-cash transaction valued at approximately $5.3 billion. J.P. Morgan, Bank of America and KKR Capital Markets committed to provide debt financing for the transaction.
Phibro Animal Health entered into an amended and restated credit agreement with an aggregate principal amount of $550 million. The agreement was jointly arranged by BofA Securities and Coöperatieve Rabobank, with Bank of America acting as administrative agent.
American Homes 4 Rent closed a $1.25 billion sustainability-linked revolving credit facility, amending its existing $800 million revolving credit facility. A total of 15 lenders participated in the facility, including Wells Fargo Bank as administrative agent.
General Mills renewed its five-year, $2.7 billion revolving credit facility, which now includes a pricing structure that is tied to environmental impact metrics. BofA Securities is one of the facility’s joint lead arrangers and also is acting as the facility’s sustainability coordinator.
BMO Capital Markets and BofA Securities amended Jones Lang LaSalle’s $2.75 billion bank credit facility with a new five-year term that extends the maturity from May 2023 to April 2026. In addition, the facility includes incentives linked to achieving certain sustainability goals.