Prime Healthcare Services closed a $425 million senior secured revolving credit facility with Royal Bank of Canada (RBC) as lead arranger, bookrunner and sole administrative. Due to strong lender support, the credit facility is expected to be upsized to $450 million in early September.
Stellus Capital Management partnered with City National Bank to provide senior debt financing in support of Intuitive Health, a portfolio company of Altamont Capital Partners, on its acquisition of Premier ER & Urgent Care.
OYA Renewables, an energy transition solutions platform, secured a $27.1 million long-term loan facility from City National Bank, a wholly-owned U.S. subsidiary of Royal Bank of Canada.
Scale Microgrids closed a first of its kind non-recourse project finance debt facility to fund the construction and operations of a portfolio of microgrids, combined heat and power systems, community solar, rooftop solar, battery energy storage systems and microgrid EV infrastructure projects.
Utz Brands, a U.S. manufacturer of branded salty snacks, and the company’s subsidiaries Utz Quality Foods, Kennedy Endeavors and Condor Snack Foods, have entered into a real estate senior secured term loan in the original aggregate principal amount of $88.14 million with City National Bank.
City National Bank grew its Commercial Banking presence on the East Coast, adding nearly a dozen new bankers and offering commercial, institutional and nonprofit banking services throughout the region.
Hercules Capital increased its existing credit facilities with MUFG Bank and Sumitomo Mitsui Banking Corporation from a combined $500 million to $720 million, subject to a borrowing base, leverage and other restrictions.
Tetra Tech, a provider of consulting and engineering services in water, environment and sustainable infrastructure, established a $1 billion sustainability-linked credit facility. Bank of America led the lender group for the facility with joint lead arrangers Wells Fargo Bank, U.S. Bank and Bank of Montreal.
City National Bank promoted Brent Williams to executive vice president. Williams, who serves as head of the bank’s national corporate banking division, will also join City National Bank’s executive committee.