NRG Energy entered an amendment to increase existing revolving commitments to $779 million and provide for a new revolving tranche of $258 million, bringing its total facility to $3.64 billion. Citigroup Global Markets and Credit Suisse Loan Funding were joint lead arrangers.
A syndicate of banks led by Citigroup Global Markets amended Harsco’s existing senior secured credit facilities. The required levels of the existing total net leverage ratio covenant will be increased through Dec. 31, 2021.
Citibank is serving as administrative agent and Wells Fargo is serving as syndication agent for an amendment to Hersha Hospitality Trust’s existing bank credit facility, which provides for an additional $100 million on the company’s $250 million senior revolving line of credit.
According to an 8K filed with the SEC, Citigroup Global Markets and Bank of America Securities supported US Foods’ acquisition of Smart Foodservice Warehouse Stores by providing a $700 million senior secured term loan.
JP Morgan is serving as administrative agent on a $350 million senior credit facility in connection with the merger of Eros International and STX Entertainment.
Kimco Realty closed a new $2 billion revolving credit facility with commitments from 21 lending institutions, replacing the company’s existing $2.25 billion unsecured revolving credit facility.
Baker Hughes, a GE company, entered into a credit agreement with JPMorgan Chase Bank as administrative agent.
Univar Solutions USA and Univar Netherlands Holding entered into a new $400 million term loan B facility as co-borrowers.
Comstock Resources closed the acquisition of Covey Park Energy in a cash and stock merger valued at approximately $2.2 billion. Bank of Montreal served as administrative agent for a $2.5 billion revolver to support the transaction.
Talen Energy Supply has priced a new seven-year $500 million secured term loan B facility.