JPMorgan, BofA, Citizens Upsize Kaman Facility to $800MM

Kaman has closed on an amended $800 million credit facility. JPMorgan Chase Bank, Bank of America Securities and Citizens Bank served as joint bookrunners and joint lead arrangers.

PNC Upsizes Agree Realty Facility to $600MM

Agree Realty amended its revolving credit facility and term loan to increase its senior credit facility to $600 million.

Citi Agents $1.905B Revolver for Toll Brothers

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.

Wells Fargo Agents $400MM Revolver for Tyler Technologies

Tyler Technologies has entered into a new five-year, $400 million revolving credit facility with Wells Fargo as administrative agent.

Shanahan Joins Citizens Retail Finance Group

Jason Shanahan joined Citizens Commercial Banking as a senior vice president and senior originator in the Retail Finance Group.

Buyers are Hungry but Sellers are King: 600 Companies Still See a Seller’s Market

Citizens Bank’s latest survey on mergers and acquisitions shows an active market where sellers still have their choice of potential buyers. Ralph Della Ratta breaks down the results and provides reasons on why the market continues to look rosy even as many companies become more cautious of a potential economic downturn.

BofA Upsizes Celadon Group Facility to $122.9MM

Celadon Group amended its credit facility to extend the maturity date and provide additional liquidity.

Citizens Provides $29.5MM Facility to Convert Historic Poth Brewery

Citizens Bank’s Community Development Group provided $29.5 million in construction loan for the adaptive re-use and substantial renovation of the vacant historic Poth Brewery Plant.

JPMorgan Agents New $750MM Facility for Vishay

Vishay Intertechnology has entered into a new $750 million credit facility. JPMorgan served as administrative agent.

Citigroup to Lead DIP Revolver to Support Weatherford Restructuring

Weatherford International has executed a restructuring support agreement with a group of its senior noteholders. The agreement anticipates $1.75 billion in DIP financing, which would include a revolver led by Citigroup.