Tag Archives: Citigroup

Industrial Logistics Properties Trust Closes $1.235B Debt Financing with Syndicate of Lenders

Industrial Logistics Properties Trust closed on a $1.235 billion debt financing with a final maturity date of Oct. 9, 2027. The financing is secured by a portfolio of 104 industrial properties containing approximately 18.6 million square feet across 31 states.

Bank of America Leads Syndicate Providing Lucid with $1B Revolving Credit Facility

Lucid Group entered into a credit agreement on June 9 with a syndicate of banks providing a secured asset-based revolving credit facility with an initial committed amount of up to $1 billion.  Bank of America is the administrative agent and swingline lender.

JPMorgan Chase-Led Syndicate Provides $1.5B Term Loan to AppLovin

AppLovin, a marketing software company, closed a seven-year, $1.5 billion term loan. JPMorgan Chase Bank, BofA Securities, KKR Capital Markets, Citigroup, Credit Suisse Loan Funding, Goldman Sachs Bank, Morgan Stanley Senior Funding and UBS Securities acted as joint lead arrangers for the facility.

BofA-Led Syndicate Refinances CCC Intelligent Solutions’ Senior Secured Credit Facility

CCC Intelligent Solutions completed the refinancing of its existing secured credit facility with a new credit agreement. Bank of America, JPMorgan Chase, Goldman Sachs, Citigroup, Barclays, Credit Suisse, Jefferies Finance and Morgan Stanley acted as joint lead arrangers and joint bookrunners for the facility.

Horizon Technology Finance Appoints Devorsetz COO

Horizon Technology Finance appointed Daniel S. Devorsetz COO, effective immediately. In addition, Horizon Technology Finance concurrently appointed Devorsetz COO of its external investment advisor, Horizon Technology Finance Management.

Dave and Victory Park Capital’s SPAC Enter Business Combination Agreement

The banking app Dave and VPC Impact Acquisition Holdings, a special purpose acquisition company sponsored by Victory Park Capital, entered into a business combination agreement that will result in Dave becoming a publicly traded company with an expected equity value of approximately $4 billion.