Ritchie Bros. closed an amendment to its credit agreement with a syndicate of lenders to support the closing of its proposed merger with IAA. BofA Securities, RBC Capital Markets, Goldman Sachs and Wells Fargo Securities served as joint bookrunners for the agreement.
EVERTEC refinanced its existing credit facilities on Dec. 1, 2022. The new credit facilities consist of an expanded $200 million revolving credit facility and a $415 million term loan A, both of which are due on Dec. 1, 2027.
Sterling Check closed a $700 million refinancing of the company’s credit facility and the authorization of a $100 million share repurchase program.
FTAI Aviation entered into an amendment to the second amended and restated credit agreement dated as of Sept. 20, which provides for an increase in the form of additional revolving commitments by Citizens Bank.
Monro, a provider of automotive undercar repair and tire services, completed a $600 million revolving line of credit, which amends and extends an existing $600 million credit facility. Citizens was lead left arranger, bookrunner and administrative agent in the nine-bank group.
Avid, a technology provider that powers the media and entertainment industry, entered into an amended secured credit facility with JPMorgan Chase Bank and a syndicate of banks, including $186.7 million in senior secured term loans and a $120 million unfunded revolving line of credit.
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.
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.
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.
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.