Deutsche Bank acted as administrative agent and lender on the refinancing of the fifth amendment to its current credit agreement with Playa Hotels & Resorts.
North Mill Equipment Finance increased the size of its senior loan facility with Deutsche Bank to $125 million to support 2020 originations. Additionally, North Mill closed a new $50 million senior loan facility with Truist Bank in December. The new loan facility increased North Mill’s total credit availability to $205 million.
Deutsche Bank, Landesbank Hessen-Thüringen (Helaba) and Norddeutsche Landesbank (NORD/LB), along with existing lenders, expanded 8minute Solar Energy’s $225 million revolving credit facility to $350 million.
A bank syndicate of 19 banks from eight different countries, including Barclays, Crédit Agricole CIB, Santander, Natixis, Deutsche Bank, Société Générale and BNP Paribas, arranged a $1.7 billion (€1.4 billion) sustainable revolver for Klépierre.
Private investment firm Brightwood Capital Advisors appointed William W. Archer chief credit officer, a position he previously held from 2013 to 2015. Archer most recently served as a consultant to the Canadian Public Pension Investment Board and will be based in New York.
Credit Suisse, Goldman Sachs, Antares, Ares, Deutsche Bank, Golub Capital and Jefferies provided debt financing to support symplr’s acquisition of TractManager from Arsenal Capital Partners.
CVC Credit priced Apidos XXXIV, a CLO fund totalling $402.5 million, as the company’s second CLO priced in the last month, following the pricing of Cordatus XVIII. Together these funds total c.$850 million of new issuance.
Gerald Group renewed its North American syndicated borrowing base credit facility, as its trading hub, GT Commodities, closed its $240 million facility with an oversubscription from an initial launch amount of $175 million. ING Capital was lead lender and administrative agent.
CVC Credit Partners priced Cordatus XVIII, a collateralized loan obligation fund totaling $447,697,125(€382.5 million) and arranged by Deustche Bank.
Weatherford terminated its ABL agreement with Wells Fargo, according to an 8K, which noted that Wilmington Trust agented the issuance of $500 million of senior secured notes and Deutsche Bank agented an increase to Weatherford’s letter of credit agreement.