Citizens Bank Archives

Citizens Increases Credit Facility in Support of SMART Global Holdings’ Acquisition of Stratus

SMART Global Holdings completed its acquisition of Stratus Technologies, a global provider of simplified, protected and autonomous computing solutions in the data center and at the edge.

JPMorgan Leads $400MM Credit Facility for Star Group

Star Group entered into a sixth amended and restated asset-based credit facility, which expires in July 2027 and provides the ability to borrow up to $400 million on a revolving line of credit. JPMorgan Chase Bank is the facility’s administrative agent.

Bank of America Leads $490MM Facility Upsize for FLEETCOR Technologies

FLEETCOR Technologies amended its pro-rata credit facility, increasing the overall facility size from $4.01 billion to $4.5 billion and extending the maturity to a new five-year term ending in June 2027. Bank of America is the administrative agent.

JPMorgan Chase Bank Amends and Restates Credit Agreement by $10MM with DHI Group

DHI Group signed an amended and restated credit agreement increasing the size from a $90 million revolving credit facility to a $100 million revolving credit facility, with an accordion feature for an additional $50 million.

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.

JP Morgan, BofA and Wells Fargo Increase Credit Facility to $750MM for Curtiss-Wright

Curtiss-Wright entered into a new credit agreement with a group of eight banks increasing the size of its revolving credit facility to $750 million while also expanding the accordion feature to $250 million.

Citizens, TD and Wells Fargo Increase Sustainability-Linked Loan to $1.75B for Aligned Data Centers

Aligned Data Centers increased its sustainability-linked loan from $375 million to $1.75 billion to accelerate its next phase of strategic growth and expansion. TD Securities, Wells Fargo Securities and Citizens Bank acted as joint bookrunners and joint lead arrangers for the facility.

Bank of America Delivers $450MM Revolving Loan Facility to Encina Equipment Finance

Encina Equipment Finance closed a new non-recourse secured revolving loan facility with initial lending commitments from three lenders totaling $450 million. Bank of America structured the facility and is the administrative agent and the lead lender.

April 28, 2022 Bank of America | Citizens Bank | Encina Equipment Finance | Rick Matte | Truist Bank Ian Koplin

BofA, BMO and Capital One Amend and Upsize Credit Facility for StoneX Group

StoneX Group agreed to amend its existing $401 million senior secured credit facility, extending the maturity through April 2025 and increasing the size of the facility to $475 million. Bank of America Merrill Lynch, Bank of Montreal and Capital One acted as joint lead arrangers on 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.

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