Vmo Aircraft Leasing upsized and extended its warehouse credit facility to $1.225 billion. UMB is the administrative agent and security trustee for the facility, while Natixis CIB led the upsize.
Crayhill Capital Management, a New York-based, minority-owned private credit manager focused on asset-based investments, closed a $200 million receivables financing facility with Stenn Technologies, a UK-based SME finance platform.
Ritchie Bros. closed an amendment to its credit agreement with a syndicate of lenders to support the closing of its proposed merger with IAA. BofA Securities, RBC Capital Markets, Goldman Sachs and Wells Fargo Securities served as joint bookrunners for the agreement.
Gulf Pacific, a value-added packager and processor of high-quality specialty foods and ingredients, including imported fragrant and organic rice varieties, rice flours, stabilized rice bran and ancient grains, completed a majority recapitalization with Eos Partners and its affiliates.
TIAA entered into a definitive agreement to sell TIAA Bank to new investors with experience in financial services, including Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street and Bayview Asset Management.
DataBank closed its initial recapitalization led by Swiss Life Asset Management AG, EDF Invest, Northleaf Capital Partners and Ardian. Structured as a sale of ownership interests from existing investors for $1.5 billion, the new investor consortium will now own 35% of the fully-diluted equity interests in DataBank.
UMB Bank is serving as administrative agent for an amended $1.5 billion senior secured warehouse facility for two entities jointly established by Griffin Global Asset Management and Bain Capital Credit.
Hersha Hospitality Trust closed on the refinancing of a $500 million senior secured credit facility and the closing of the first tranche of six of the previously announced disposition of seven non-core Urban Select Service properties.
Airbase, a spend management platform for mid-market and enterprise companies, completed $150 million in debt financing led by Goldman Sachs. This latest funding will allow Airbase to expand its innovative charge card program to its increasing base of customers.
Hercules Capital increased its existing credit facilities with MUFG Bank and Sumitomo Mitsui Banking Corporation from a combined $500 million to $720 million, subject to a borrowing base, leverage and other restrictions.