Summit Hotel Properties’ joint venture with GIC, Singapore’s sovereign wealth fund, has successfully completed the refinancing of its $200 million senior credit facility.
Dave & Buster’s Entertainment, an owner and operator of entertainment and dining venues, amended its credit agreement, achieving favorable pricing and upsizing the term loan B facility to $900 million.
Cleveland-Cliffs amended and extended its asset-based lending credit facility. The amendment extends the maturity date of the facility to June 9, 2028, and transitions the benchmark interest rate from LIBOR to SOFR. BofA Securities served as lead arranger for the ABL facility.
EquipmentShare increased its borrowing capacity from $2.1 billion to $3 billion through a senior secured asset-based revolving credit facility with Capital One and closed its debut offering of $640 million of senior secured notes.
GPM Petroleum, a subsidiary of convenience store operator ARKO Corp., renewed and extended its revolving credit facility with a syndicate of banks led by Capital One. The credit line was increased by $300 million to $800 million.
36th Street Capital extended and upsized its senior secured revolving credit facility to $280 million, marking an increase of $110 million. The credit facility includes six lenders and is led by Capital One as agent.
Avtech Capital, a privately-held equipment leasing company based in Salt Lake City, completed a new $75 million revolving credit facility with Capital One.
Capital One served as administrative agent for an amended and restated credit facility for EquipmentShare, a nationwide construction solutions provider, and increased its borrowing capacity to $2.1 billion.
Whitestone REIT amended and extended its $515 million credit facility, comprised of a $250 million revolver and $265 million term loan.
Vista Outdoor closed its acquisition of CA-based Fox Racing for the purchase price of $540 million, with the potential for an additional $50 million earnout based on Fox Racing’s financial performance.