Park Hotels & Resorts amended and restated its existing $901 million revolving credit facility to increase total capacity to $950 million, extend the maturity from December 2023 to December 2026, and release all collateral securing the credit.
PTC signed a definitive agreement to acquire ServiceMax for approximately $1.46 billion in cash on a debt-free, cash-free basis from an entity majority owned by Silver Lake.
Approved Oil of Brooklyn entered an amended and restated asset-based credit facility, which provides the borrower under the credit facility the ability to borrow up to $160 million on a revolving line of credit for working capital purposes.
Acrisure closed a senior secured incremental term loan facility in an aggregate principal amount of $1 billion.
Avid, a technology provider that powers the media and entertainment industry, entered into an amended secured credit facility with JPMorgan Chase Bank and a syndicate of banks, including $186.7 million in senior secured term loans and a $120 million unfunded revolving line of credit.
Caesars Entertainment closed a $3 billion senior secured credit facility consisting of a $750 million senior secured term loan and a $2.25 billion senior secured revolving credit facility resulting from an increase and extension to Caesars’ existing revolving credit facility.
Itafos entered into credit facilities with a syndicate of lenders led by RBC Capital Markets, pursuant to which the lenders have advanced an $85 million term loan to the company and made available a $35 million letter of credit facility and an $80 million asset-based revolving credit facility.
Benefitfocus entered into a loan agreement led by JPMorgan providing for a senior secured credit facility in the amount of $140 million to replace the company’s existing revolving line of credit.
Wabtec signed an amended and restated credit agreement that will increase the size of its existing revolving credit facility from $1.2 billion to $1.5 billion and added a $250 million delayed draw term loan facility.