AdaptHealth increased its term loan by $100 million and expanded its borrowing capacity under its revolving credit facility from $250 million to $450 million. Regions Capital Markets acted as lead arranger and sole administrative agent. Citizens Bank and Truist Securities acted as joint lead arrangers.
WEX, a financial technology service provider, amended and restated its credit facility. The lenders agreed to a restatement agreement that increases commitments under WEX’s revolving credit facility from $870 million to $930 million.
Citizens Bank served as administrative agent, lead arranger and bookrunner on a credit agreement consisting of a $50 million term loan and a revolving credit facility of up to $15 million for Fluent. BankUnited and Silicon Valley Bank also participated in the deal.
Digi International entered into an amended and restated credit agreement with BMO Harris Bank as administrative agent and collateral agent. The new facility provides Digi with a $200 million senior secured revolving credit facility with an option to increase the size of the facility by $75 million.
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.
Wintrust Financial provided Better Choice Company with a $12 million long-term credit facility. The company will use the facility to refinance its existing $13.3 million debt with Citizens and Bridging Finance.
JPMorgan Chase and a syndicate of banks arranged a five-year, $180 million term loan and a $70 million revolving credit facility to refinance existing debt for Avid, a media and entertainment technology provider.
Citizens Bank acted as administrative agent and Wells Fargo Bank and Silicon Valley Bank acted as joint bookrunners, joint lead arrangers and syndication agents on a $65 million credit facility for Harvard Bioscience, a manufacturer of drug development technologies and products.
Aligned completed a $1 billion senior secured credit facility — the first U.S. data center sustainability-linked financing. TD Securities was the administrative and collateral agent and Goldman Sachs Lending Partners as the syndication agent.
According to an 8K, MUFG Union Bank, Wells Fargo, Citizens Bank and BMO Harris led an incremental amendment for a $175 million term loan A facility for MaxLinear. MaxLinear is using the financing to fund its completed acquisition of Intel’s home gateway platform division.