Citibank Archives - ABFJournal

RBC Leads Syndicate of Lenders Providing $50MM Credit Facility to Dynasty Financial Partners

Dynasty Financial Partners, a provider of back and middle-office outsourced solutions for RIAs, closed a $50 million revolving credit facility with Royal Bank of Canada (RBC) acting as sole administrative agent.

Citibank, Wells Fargo and M&T Bank Close $500MM Credit Facility with Hersha Hospitality Trust

Hersha Hospitality Trust closed on the refinancing of a $500 million senior secured credit facility and the closing of the first tranche of six of the previously announced disposition of seven non-core Urban Select Service properties.

Canadian Imperial Bank of Commerce Expands Capstone Copper’s Revolver to $500MM

Capstone Copper closed the amendment and extension of its corporate revolving credit facility from $225 million to $500 million plus a $100 million accordion and extended the facility by four years. The Canadian Imperial Bank of Commerce is the administrative agent for the facility.

JPMorgan Agents $1.25B Alcoa Revolving Credit Facility Amendment

Alcoa amended and restated its existing revolving credit facility into a $1.25 billion revolving credit facility with improved terms, including the addition of sustainability-linked metrics. JPMorgan Chase acted as the administrative agent.

June 30, 2022 Alcoa | Citibank | ING Capital | JPMorgan Chase Rita Garwood

BNP Paribas Agents $2.2B Credit Facility for Castleton Commodities International

Castleton Commodities International closed a $2.2 billion borrowing base facility consisting of a $1 billion 18-month tranche and a $1.2 billion two-year tranche. The facility also includes a $1 billion accordion, which remains available to support future liquidity needs and growth.

JPMorgan Chase Heads Lending Group on $1.5B ESG-Linked Revolving Credit Facility with KLA

KLA closed an inaugural $1.5 billion sustainability-linked revolving credit facility. The new five-year facility reinforces the company’s commitment to its environmental, social, and governance programs and goals.

June 9, 2022 Bank of America Securities | Bren Higgins | Citibank | KLA | Wells Fargo Securities Ian Koplin

Comerica Bank Leads Syndicate Extending Archaea Energy’s Credit Agreement by $450MM

Archaea Energy obtained binding commitments from five financial institutions to amend its revolving credit and term loan agreement to, among other things, increase aggregate total commitments by approximately $450 million to a total of at least $920 million.

Bank of America Leads $4.3B Credit Facility for PBF Energy

PBF Energy completed a multi-year extension of its asset-based revolving credit facility, with an aggregate commitment of $4.3 billion. Bank of America is the joint lead arranger, joint bookrunner and administrative agent for the 35-bank syndicate participating in the credit facility.

JPMorgan Chase and Citibank Provide $150MM Term Loan to INDUS Realty Trust

INDUS Realty Trust amended and restated its credit agreement to increase the size to $250 million with the addition of a new $150 million delayed draw term loan. JPMorgan Chase Bank is the administrative agent and Citibank is the syndication agent for the facility.

Bank of America Provides $625 Term B Loan for Sabre Corporation

Sabre Corporation refinanced a portion of its existing indebtedness. The refinancing included the application of the proceeds of a new $625 million term loan B facility. Bank of America is the administrative agent and the collateral agent for the credit agreement.

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