Newmark entered into an agreement to amend the terms of its senior revolving credit facility, increasing its size to $425 million and extending the maturity date to February 26, 2023.
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.
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.
Tyler Technologies has entered into a new five-year, $400 million revolving credit facility with Wells Fargo as administrative agent.
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.
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.