Citizens Bank Archives

Lender Syndicate Amends Ritchie Bros.’ Credit Agreement to Support IAA Merger

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.

Truist Refinances and Expands Credit Facilities with EVERTEC

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.

KeyBanc Capital Markets Leads $700MM Refinancing of Sterling Check’s Credit Facility

Sterling Check closed a $700 million refinancing of the company’s credit facility and the authorization of a $100 million share repurchase program.

Citizens Bank Increases Revolver with FTAI Aviation to $300MM

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.

November 28, 2022 Citizens Bank | FTAI Aviation Ian Koplin

Citizens Leads Amendment and Extension of Monro’s Credit Facility

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.

November 16, 2022 Brian D’Ambrosia | Citizens Bank | Jerry Sargent | Monro Ian Koplin

JPMorgan Chase Leads Syndicate Amending $70MM Credit facility for Avid

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.

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.

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