Whiting Petroleum completed its financial restructuring and emerged from Chapter 11 protection. According to an 8K, JPMorgan Chase is serving as administrative agent for a $750 million reserve-based revolving credit facility as part of Whiting’s new capital structure.
RadNet increased the amount of revolving commitments under its senior secured first lien credit agreement by $57.5 million. Barclays Bank, Truist Bank, JPMorgan Chase Bank, Capital One and Royal Bank of Canada increased their commitments pursuant to this amendment.
Capital One joined the original group of lenders on Baldwin Risk Partners’ senior revolving credit facility as co-documentation agent. The lender group, led by JPMorgan, amended the facility to increase the committed line to $400 million.
Capital One closed a new four-year credit agreement for Legacy Housing, increasing the company’s borrowing base from $45 million to $70 million.
Newmark entered into an agreement to amend the terms of its senior revolving credit facility, increasing its size to $425 million and extending the maturity date to February 26, 2023.
Capital One provided a $38.6 million adjustable-rate loan to finance the acquisition of a 140,000-square-foot medical office building in Dover, DE.
Toll Brothers entered into a five-year $1.905 billion revolving credit facility to replace the company’s existing $1.295 billion revolving credit facility, which was scheduled to mature in May 2021.