CoBank Agents $70MM Facility for Southwest Iowa Renewable Energy

Southwest Iowa Renewable Energy expanded its credit facility to $70 million. CoBank served as administrative agent.

Rabobank Doubles Pipeline Foods Working Capital Line

Pipeline Foods completed the renewal and syndication of its operating line led by Rabobank, and including ING Capital and CoBank in the syndicate.

KeyBank Agents $185MM Facility for GridLiance

GridLiance Western Holdings and transmission company GridLiance West closed on two new revolving credit facilities with commitments totaling $185 million.

Rabobank Upsizes Dean Foods Revolver to $265MM

Dean Foods has successfully increased the company’s borrowing base availability to $265 million under its senior secured revolving credit facility. Rabobank served as administrative agent for the transaction.

CoBank, American AgCredit Underwrite $175MM Term Loan for Cascades

CoBank and American AgCredit underwrote a $175 million seven-year term loan for Cascades, increasing the company’s authorized credit facility to approximately C$1 billion ($736 million).

BofA Agents $1.3B Facility for Covanta

Covanta Holdings closed two new $1.3 billion credit facilities: a $900 million revolving credit facility and a $400 million term loan. The refinancing is an increase of $100 million over its previous facilities.

U.S. Bank, JPMorgan Extend Black Hills Facility

Black Hills extended the maturity dates of its $750 million revolving credit facility and $300 million term loan.

CoBank Names Davis EVP, Farm Credit Banking

CoBank named current Chief Credit Officer Bill Davis executive vice president for Farm Credit Banking as part of a broader reorganization of the bank’s customer-facing business lines.

CoBank Agents $1.25B Facility for Pilgrim’s Pride

Pilgrim’s Pride amended its credit facility to consist of a $750 million revolving credit facility and a term loan commitment of $500 million. The amendment included a $1.25 billion accordion feature.

Webster, CoBank Support ZenFi, Cross River Merger

Webster Bank and CoBank will provide debt financing to support the merger of ZenFi Networks and Cross River Fiber. The funds will include additional capacity to support future growth.