PNC Agents $550MM Revolver for Advanced Drainage
Advanced Drainage Systems completed a $550 million revolving credit facility with PNC as administrative agent.
Advanced Drainage Systems completed a $550 million revolving credit facility with PNC as administrative agent.
Aviation company GA Telesis closed a new five-year, $225 million ABL credit facility led by HSBC Securities USA and Fifth Third Bank as joint lead arrangers and HSBC Bank as administrative agent.
Paul Vitti joined Fifth Third Bank’s Asset-Based Lending Group as managing director.
PRA Group expanded its North American credit facility to $1.2 billion, consisting of a $450 million term loan and a $755 million revolver. Bank of America was administrative agent for the transaction.
Tivity Health completed the refinancing of its senior credit facilities, which include a $100 million revolving credit facility, a $70 million term loan A facility, a $150 million delayed draw term loan facility and an uncommitted incremental accordion facility of $100 million. SunTrust served as administrative agent for the transaction.
Emmis Communications amended its credit facility with Bank of New York Mellon succeeding JPMorgan as administrative agent.
JPMorgan served as administrative agent for Swift Energy’s amended and restated credit facility, under which the borrowing base was increased to $330 million and the maturity was extended to April 2022.
Hightower secured a new credit facility that provided an increase over the company’s previous facility to support its acquisition of WealthTrust. BMO Capital Markets served as left joint lead arranger and admistrative agent for the lender group.
Fifth Third Bank announced an investment and expanded partnership with the Accion U.S. Network to support lending to underserved small businesses.
Yum! Brands subsidiaries refinanced an approximately $2 billion term loan b, reducing the interest rate by 0.75%. JPMorgan Chase served as administrative agent.