KeyBank Specialty Finance Lending, MUFG, Bank of Hope and CIBC expanded Runway Growth Credit Fund’s revolving credit facility to $215 million with an accordion feature that enables Runway Growth to increase the commitments to up to $300 million.
Runway Growth funded three loans and other investments during Q3/20, including a $40 million senior secured term loan commitment to new portfolio company, Porch.com.
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.
JPMorgan Chase Bank acted as administrative agent on a $60 million upsize to Lawson Products’ credit facility, bringing the total borrowing capacity to $100 million.
INTL FCStone amended its existing $262 million senior secured credit facility, increasing the size of the facility to $350 million. Bank of America Merrill Lynch and Capital One acted as joint lead arrangers on the transaction.
Wells Fargo and CIT Bank amended General Finance’s senior credit facility, increasing the maximum borrowing amount from $237 million to $260 million.
Churchill Downs agreed to acquire ownership interests in Midwest Gaming Holdings. Following the sale, Wells Fargo will agent a new revolving credit and term loan agreement of up to $650 million for Midwest.
Lifeway Foods and its subsidiaries, Fresh Made, The Lifeway Kefir Shop and Lifeway Wisconsin, closed a $10 million revolving credit facility with CIBC Bank USA, formerly known as The Private Bank.