Six One Commodities (61C) closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility. The facility includes a $300 million accordion feature, bringing total capital available to $1 billion.
Primergy Solar, a developer, owner and operator of utility-scale solar and storage projects, closed commitments for $300 million in debt finance and tax equity investment for the 100 MWac Prairie Mist Solar Project in Ashley County, AR.
Amergin Asset Management and Amergin Rail closed on a $450 million credit facility that includes a revolving tranche to fund future railcar and portfolio acquisitions.
Gunvor Singapore, a wholly-owned subsidiary of Gunvor Group, closed a $1.035 billion sustainability-linked, syndicated revolving credit facility. The borrower has further upsized the facility by $90 million via an accordion feature, bringing the total facility amount to $1.125 billion.
Quadient, a provider of business solutions for customer connections through digital and physical channels, closed a €300 million ($328.6 million) syndicated revolving credit facility. Société Générale acted as syndication coordinator for the facility.
Physicians Realty Trust closed on a $400 million term loan that will mature in May 2028. A total of seven lenders are participating in the term loan. KeyBank is acting as the administrative agent and a lender.
Excelerate Energy entered into an amended and restated senior secured credit agreement. Proceeds from the term loan facility are intended to be used for the acquisition of the FSRU Sequoia, which is currently under a bare boat charter with a third party until mid-2025.
Wells Fargo Securities, BofA Securities Lead $2.5B ESG-Linked Credit Facility for Host Hotels & Resorts
Host Hotels & Resorts amended and restated its existing $2.5 billion credit facility. The agreement extends maturities from January 2025 to January 2028, including all extension options, and continues to provide a $1.5 billion revolving credit facility and two $500 million term loans.
BB Energy, a global independent energy trading company, refinanced and expanded a $580 million senior secured borrowing base credit facility.
Advanced Power closed a $60 million capital facility at its corporate level through Crédit Agricole Corporate and Investment Bank (CIB). The new line of credit will support Advanced Power in delivering its North American pipeline of renewables projects.