A syndicate of banks led by Citigroup Global Markets amended Harsco’s existing senior secured credit facilities. The required levels of the existing total net leverage ratio covenant will be increased through Dec. 31, 2021.
Bain Capital Specialty Finance priced an offering of $115 million aggregate principal amount of 8.5% senior unsecured notes due 2023. The company intends to use the net proceeds of this offering to repay debt under its secured credit facilities.
Macquarie Infrastructure Partners, BlueMountain Capital Management and Goldman Sachs Bank increased Aligned’s secured credit facility to $575 million. In addition, ING Capital, Shinhan Bank New York Branch and TD Securities joined as new facility lenders.
Koch Real Estate Investments will provide $206.4 million in senior secured financing to Ladder Capital as part of a strategic financing arrangement. Ladder Capital also completed a private CLO with Goldman Sachs Bank, which generated $310.2 million of gross proceeds to Ladder.
Goldman Sachs Bank, Deutsche Bank, Barclays Bank, Morgan Stanley Senior Funding and Credit Suisse provided a $460 million debtor-in-possession facility to Frontier Communications, according to an 8K filed with the SEC.
As part of a syndicate of 14 banks, Citigroup served as a joint lead bookrunner and joint lead arranger for a new $280 term loan facility for Harsco Corporation.
Toll Brothers entered into a five-year $1.905 billion revolving credit facility to replace the company’s existing $1.295 billion revolving credit facility, which was scheduled to mature in May 2021.
Six Flags Entertainment entered into a new seven-year $800 million senior secured term loan facility and five-year $350 million senior secured revolving credit facility. Wells Fargo served as administrative agent for the transaction.