Meritage Hospitality Group, a franchise operator, closed on a $302.8 million senior secured credit facility syndication led by City National Bank. Meritage Hospitality Group closed on the facility in advisory with Auspex Capital.
Tree Line Capital Partners served as agent and lead arranger for a first lien credit facility to support the growth recapitalization of Promevo by Cohere Capital. Tree Line provided a last-out term loan and equity co-investment to support the transaction.
Apollo Medical Holdings refinanced its existing term loan and revolving credit facility with a new five-year revolving credit facility of $400 million. Truist Bank served as administrative agent.
American Homes 4 Rent closed a $1.25 billion sustainability-linked revolving credit facility, amending its existing $800 million revolving credit facility. A total of 15 lenders participated in the facility, including Wells Fargo Bank as administrative agent.
City National Bank created a new national corporate banking division. Brent Williams, a senior vice president for City National Bank, will lead the new division. Williams also leads the bank’s L.A. Metro commercial banking business unit.
According to an 8K filed with the SEC, City National Bank will serve as arranger and administrative agent on a $165 restated million senior secured credit facility for pet food distributor Freshpet.
Truist served as administrative agent on an increase from $705 million to $740 million for the revolving credit facility of Main Street Capital, according to a related 8K filed with the SEC.
Omni-Lite Industries Canada has refinanced its current $700,000 senior bank credit facility with the entering of a new three-year, $3 million revolving line of credit facility with City National Bank.