Enviva Partners amended and restated its senior secured revolving credit facility. The amendment extends the maturity to April 2026 and increases the facility’s size to $525 million. Barclays is administrative agent and collateral agent on the amended and restated credit facility.
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.
Apartment Income REIT closed a new $1.4 billion credit facility. PNC Capital Markets and Wells Fargo Securities led the syndication as joint bookrunners and lead arrangers. PNC Bank is also the administrative agent and sustainability agent for the facility.
According to an 8K filed with the SEC, Citibank served as administrative agent and collateral agent for a new $1.7 billion first lien term loan facility and a new $500 million asset-based revolving credit facility for Petco.
Ribbon Communications executed a third amendment to its credit agreement. Citizens Bank, as administrative agent under the credit facility, led the amendment, which increased Ribbon’s existing term loan A credit facility by approximately $75 million.
Citibank renewed its two-year revolving credit facility totaling $100 million with Consumer Portfolio Services, an independent specialty finance company providing indirect automobile financing to those with past credit issues, low incomes or limited credit histories.
Atlantic Park Capital Fund provided a $250 million senior secured term loan and Citibank provided a $150 million asset-based loan to TEAM, a provider of integrated, digitally-enabled performance solutions, to refinance the company’s existing debt facilities.
Citibank provided a $40 million committed revolving credit facility to Despegar.com, an online travel company in Latin America.
BofA Securities, BBVA Securities and PNC Capital Markets acted as joint lead arrangers and joint bookrunners on a three-year, $670 million secured credit facility for Diodes Incorporated.